Try Quests to earn AXL$AXL Token Recap
Question
Since the $AXL token launch, how have wallets that bought $AXL used it?
Are most wallets hodling or trading?
What is the average holding period for wallets buying $AXL in the last month?
Generally speaking, have users kept $AXL on exchange (in their Osmosis wallet) or have they bridge to other places?
Analyze $AXL balances on Osmosis as compared to native on Axelar. How have these balances changed over time?
METHOD
In this dashboard, We are going to first analyze $AXL holders buyers on Osmosis and also Axelar.
Then, we are going to analyze the swaps and swappers activity of AXL on the Osmosis.
we are going to mainly use osmosis.core.fact_daily_balances ,osmosis.core.fact_swaps ,axelar.core.fact_transfers table.
$AXL Token Contract Address=ibc/903A61A498756EA560B85A85132D3AEE21B5DEDD41213725D22ABF276EA6945E
FINDING
According to the above and left data, currently there are 2540 unique Osmosis wallet who are holding $AXL in their wallet.
The typical holding duration for $AXL purchasers throughout the course of history has been 13.87 days, which is much less than two weeks.
During the last thirty days, the average amount of time a hold has been in place has decreased to 5.86 days . The present status of the market is one probable reason for the shortening of the average holding period, which has been seen recently.
Since November, the $AXL amount that is held inside the Osmosis chain may be seen on the chart located in the top left corner of this page.
Definition
Axelar
Axelar provides a decentralized network and tools that help connect dApp builders with multiple blockchain ecosystems, applications, and users for frictionless cross-chain communication. Axelar consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication.
AXL
AXL is the native token of the Axelar network. The AXL token supports four critical functions. AXL is a medium for transaction fees and any other fees for network usage, paid by users to the validators that run the network.
CONCLUSION
The number of users who have swapped $AXL tokens on the Osmosis chain has slowly decreased over the previous month
40% of buyers have traded their tokens, while 44% of $AXL holderson Osmosis wallet.
15% of $AXL purchasers lper token on Osmosis blockchain.
1.089625 million $AXL tokens are kept at Osmosis wallet addresses osmo1z6mf937x9ug4ck7lt45f2wyrt9lnway68lpta9 and osmo1jv65s3grqf6v6jl3dp4t6c9t9rk99cd80yhvld.
The bulk of $AXL users have less than 100 in their wallets, while just 54 have between 50,000 and 100,000.
AXL holders on their native network From September 24 to 29, this network's input was at its peak, but the trend is presently decreasing.
The number of balance holders and users shows this analysis. The network's output always exceeds its intake. The number of users who have swapped $AXL tokens on the Osmosis chain has slowly decreased over the previous month
Axl most swaps to atoms and usds. In this area, USDC stablecoin users prefer axl tokens.
FINDING
The first graph reveals that forty percent of all purchasers have already swapped their tokens for something else, while forty four percent of all $AXL holders save their funds in an Osmosis wallet.
About one-fifth of individuals who purchase $AXL also contribute to the liquidity pool by trading it inside the Osmosis blockchain, however the majority of buyers do not do this.
The third figure illustrates that a total of 1.089625 million $AXL tokens are stored at the Osmosis wallet addresses osmo1z6mf937x9ug4ck7lt45f2wyrt9lnway68lpta9 and osmo1jv65s3grqf6v6jl3dp4t6c9t9rk99cd80yhvld.
The second graph presents data on the proportion of Osmosis users who have amassed different sums of $AXL during the course of their Osmosis careers.
A further observation that can be made is that the great majority of users that have $AXL have less than 100 $AXL in their wallets, with just 54 people having between 50,000 and 100,000 $AXL in their possession./
FINDING
In this section, we will talk about AXL holders on its native network As it is known, from September 24th to 29th, the amount of input to this network was at its highest, but recently the downward trend is quite noticeable. This analysis is quite evident in the amount of balance holders and the number of users. Also, the output from the network is always increasing compared to the input volume
The number of ==users== who have exchanged $AXL tokens on the Osmosis chain has been steadily decreasing over the course of the last month, with the statistic hitting a high point of 889 trades on September 28 before significantly decreasing over the course of the following days.
The most axl sold on September 28 was seven hundred and twenty thousand usdc And on the same date, users have bought almost the same amount of this token, over time the swap volume has decreased The popular tokens that have been swapped by axl are atoms and usds And exactly these tokens have been the destination of exchange from axl , so in this section, the preference of USDC stablecoin users has been
