INTRODUCTION

Axelar provides a decentralized network that connects dApp builders with blockchain ecosystems, applications and users for frictionless cross-chain communication.

On Sep. 27 the AXL token was released.

METHODOLOGY

In this dashboard we will analyze activity on the AXL/OSMO pool and on the Osmosis DEX.

DATA SOURCES:

the data for this dashboard come from Flipside’s ==osmosis.core== tables.

The charts update daily.

LP activity on AXL/OSMO pool.

Here we see the total volume of LP providers at 2.17M AXL and 0.99M OSMO in less than 2 days online (as of this writing) while the LP removals are 435k AXL and 185k OSMO both being less than 20% of provider volume.

These numbers are also reflected on the user count having ~240 providers and only 4 removers.

• From this we get that the users who removed money from the pools are high net worth individuals (or not).

On the left bar we see the top 10 LP actions based on their AXL value with the first one being over 2M AXL representing 93% of total volume!

Swaps activity on AXL/OSMO pool.

From the charts above we see daily metrics about swaps which they don’t tell anything special yet since it’s on day 2. We also see the total number of swaps by token and we see that only 4 of them Osmosis → Cosmos → USDC →Evmos have more than 10 swaps.

Swaps activity on the Osmosis DEX in the last 90 days.

Here we see the daily, cumulative and total number of swaps on the DEX. We see a total volume of 3.5M swaps and the daily range between 30k-45k.