Try Quests to earn AXL
@rezarwzAxelar Interchain Analytics Hub
Flipside AI
Ethereum dominates cross-chain activity with 38.5% market share and 921m USD in GMP mechanism transfers, while Axelar's cross-chain network has processed 2.95 million total transactions and $10.7 billion in total volume, demonstrating robust multi-chain interoperability. The network shows significant growth, with active users surging from 3 to 816,655 and EVM to EVM transactions representing 68.4% of cross-chain activity.
Introduction
Axelar provides secure interchain communication, enabling dApp users to seamlessly interact with any asset or application on any chain with a single click. Developers can build using a simple API on a permissionless network, which ensures security through proof-of-stake consensus and efficiently routes cross-chain messages.
About the Axelar Interchain Dashboard
The Axelar Interchain dashboard showcases key metrics related to interchain communication. In particular, it analyzes data from two main Axelar mechanisms:
GMP (General Message Passing): Enables developers to send arbitrary data and function calls across different blockchains, allowing dApps to execute cross-chain logic seamlessly.
Token Transfer: Facilitates the bridging of tokens between networks, leveraging Axelar’s secure cross-chain infrastructure to ensure reliable and efficient transfers.
By examining these metrics, the dashboard provides insights into network activity, usage patterns, and overall performance of Axelar’s interchain solutions.