Introduction

Introducing our latest dashboard, designed to provide an in-depth analysis of the recent turbulence in the crypto market following the run on SVB and the subsequent bailout by the FDIC. Similar to how FTX faced liquidity issues and bridges saw a surge in volume, we aim to investigate if a parallel trend emerged during last week's events.

Our dashboard will analyze transfer volumes over Satellite and Squid, examining different sources and destinations of funds. We will focus on identifying any significant changes in cross-chain activity around the time of the SVB bank run. To achieve this, we will compare two distinct time points: the two weeks leading up to the SVB panic and the period during which the FTX collapse occurred.

Additionally, we will explore how Axelar's usage stacks up against its competitors, such as LayerZero, Wormhole, Hop, and Multichain. By comparing the volume and user activity on these platforms, we aim to provide a comprehensive view of the cross-chain bridging landscape during these volatile market events.

Stay tuned as we unveil key insights and trends that will help you better understand the impact of these events on the crypto ecosystem and bridge usage across various networks.