Satellite is a decentralized cross-chain asset transfer application, which enables users to transfer assets they hold on a source chain to an address on a different destination chain

Axelar is the universal overlay network, securely connecting all blockchain ecosystems, applications, assets and users to deliver Web3 interoperability. It is a full-stack decentralized transport layer, meeting growing demand for cross-chain services with maximum blockchain security and composability

axlUSDC: crypto-asset that using as gas fees.

• METHODOLOGY

• ==AXELAR.CORE.FACT_MSG_ATTRIBUTES== table used for filtering the sections(to find origin chains, gas fees, volume/user/transaction informations, and more) of IBC transactions on Satellite environment.

• ==CROSSCHAIN.CORE.FACT_HOURLY_PRICES== and

  ==CROSSCHAIN.CORE.DIM_ASSET_METADATA== tables are used for accessing token price levels at current.

Overview of the AXELAR satellite environment

observations 1074 unique users,

87.1k bridge transactions,

total $4070 axlUSDC fee,

$0.868B volume

$0.00407 axlUSDC fee per 1.000.000 transfers.

It can be seen that bridge transactions at Satellite had three big jumps on October 13, 28, and November 9, and after that it had a decreasing trend, so that after November 9, it has an almost constant trend and its amount is low. average of $axlUSDC fees is between 0.4 axlUSDC and 2axlUSDC Daily total generated $axlUSDC fees are generally starting from $20 axlUSDC per day and up to $100 axlUSDC per day. Fees are going inconsistent day by day

TOKEN COMPARISON (AXLUSDC)

observations

Most bridge transactions are created by transferring USDC. Then AXL is followed by ETH and after ETH is WBTC

If we look at the $Volume of tokens, USDC is first. Then ETH, AXL and WBTC.

Unique users in the environment are distributed by the tokens they hold, with AXL users having the largest number. USDC users come next, ETH users are third and WBTC users are the least number of users.

People spent the most axlUSDC to transfer AXL ($3376). Then, axlUSDC costs $595 to transfer USDC. Finally, the transfer of ETH ($70) and WBTC ($30) is done

BLOCKCHAIN COMPARISON ON AXLUSDC

observations

As we can predict, the most $axlUSDC fees are generated on Axelar(Axelarnet) origin chain($3,023 axlUSDC).

The other blockchains order goes from highest $axlUSDC to lowest like this:

Ethereum

Polygon

Avalanche

Binance(BNB Smart Chain)

Moonbeam

Fantom

Arbitrum

Celo

Summary of results

Most users use satellite to transfer USDC, but the costs of fees for USDC transferring include a small amount of fees. Highest portion of $axlUSDC fees come from AXL transfers on Satellite..

$axlUSDC fees are mostly generated in these environments(from the most to least):

Axelarnet, Etheruem, Polygon, Avalanche and Binance(BNB Smart Chain) 1074 unique users 87.1k bridge transactions, total $4070 axlUSDC fee, $0.868B volume $0.00407 axlUSDC fee per 1.000.000 transfers.