Methodology In this dashboard, we check the frequency of bridges in Axelar satellite through the axelar.core.fact_msg_attributes table, which is used more than this table in this dashboard. First, to check the Axelar satellite bridge and bridges (total and weekly overtime).

Then, I am going to extract hourly, daily, weekly and monthly number of bridges and active bridgers on Satellite.

Then, I am going to calculate the average number of bridges per bridger on Satellite

Then, I am going to extract the top 10 bridgers who have used Satellite bridge more than other users.

Then, I am going to analyse the frequency of bridges by chain (srouce and destination) and also by the bridger wallet bala

Based on the charts on the left, there are almost 89 k unique wallets who have bridged their assets via Axelar Satellite bridge. The highest number of bridge activity is in the months of February and March 2022 and after that it has a decreasing trend and it is 3000 on average per day. The highest number of bridgers occurred on May 9, 2022, and the number of bridgers is also high in February and March.

On the left charts, we can see the hourly, daily, weekly and monthly bridging activity over Axelar Satellite bridge.

average hour 👉58 bridge transactions made by 28 unique bridgers average day 👉 1377 bridge transactions made by 433 unique bridgers average week 👉 9295 bridge transactions made by 3074 unique bridgers average month 👉 37.1k bridge transactions made by 10.63k unique bridgers Also, we can see the median and maximum number of bridges in these timespans.

Based on the left data, the average number of bridges per bridger is 4.18 bridges.

Moreover, we can see the hourly, daily, weekly and monthly number of bridges per bridger on Axelar satellite

an average bridger in an average hour and also day, performs 2 bridge transactions.

an average bridger in an average week, performs 3 bridge transactions.

and an average bridger in an average month, performs 3.5 bridge transactions.

we can see the wallet address ==0x16c5d5ef8e8d41ad626ecb0d2f7b8179f4ae856e== (Polygon) has performed the most number of bridge transactions via Satellite bridge and its source chain was Axelar and the origin chain was Polygon.

We can see the destination chain for 4 of top 10 Axelar bridgers is Kujira, 2 of them is Avalanche, 1 is Ki, 1 is Osmosis and 1 is Terra. But on the other hand, the source chain for the 8 of top 10 bridgers was Axelar network and there is 1 Ethereum and 1 Avalanche in this list.

According to the left charts, the average number of bridges that their source is Axelar network is more than other chains.

On the other hand and in terms of destination, we can see Ki network has by far the highest average number of bridges.

Based on the left charts, the average wallet balance of Satellite bridgers is 99.6k USD.

that wallet balance of bridger seems to have quite positive correlation with his/her number of bridges on Satellite bridge. Wallets with more balance have performed bridge transactions more frequently

the highest share of “More Than 10 Bridges” belong to the users who have more than $100000 balance in their wallet and the wallets with less than $100 balance have the highest share of One Time bridgers.

wallets with more balance have performed bridge transactions more frequently. On the above chart, we can see the hourly, daily, weekly and monthly number of bridges per bridger by their USD wallet balance.

in all timespans, the wallets with more than $100000 balance have the highest average number of bridges

the average time between bridgers’ bridges on Satellite is 7.75 days (almost 1 week). Moreover, we can see the Avalanche (as source chain) and Terra (as destination chain) have the highest frequency of bridges (lowest bars which show the lowest time difference between bridge transactions) among other networks.

According to the above charts, the average wallet balance of top 10 bridgers with most number of bridges is 3450 USD

the average wallet balance of Rank +10000 bridgers is more than other ranks and wallets with 10 - 50 rank have the least USD Balance.

the wallets with more than $100000 balance have the highest frequencyof bridge transactions

Conclusion

there are almost 89 k unique wallets who have bridged their assets via Axelar Satellite bridge. The highest number of bridge activity is in the months of February and March 2022 and after that it has a decreasing trend and it is 3000 on average per day. The highest number of bridgers occurred on May 9, 2022, and the number of bridgers is also high in February and March. the average number of bridges per bridger is 4.18 bridges. On the other hand and in terms of destination, we can see Ki network has by far the highest average number of bridges. the average wallet balance of Satellite bridgers is 99.6k USD. Wallets with more balance have performed bridge transactions more frequently the highest share of “More Than 10 Bridges” belong to the users who have more than $100000 balance in their wallet and the wallets with less than $100 balance have the highest share of One Time bridgers. wallets with more balance have performed bridge transactions more frequently. the average time between bridgers’ bridges on Satellite is 7.75 days (almost 1 week) the average wallet balance of top 10 bridgers with most number of bridges is 3450 USD he wallets with more than $100000 balance have the highest frequencyof bridge transactions

twitter:@majidshiri7 \n