Based on the graphs \n Bridge activity via satellite rose during the collapse of FTX and Alameda, particularly in terms of volume. During this period, particularly on November 9 on the Excelar satellite bridge, high jumps may be seen clearly.

During the crash, the average trade volume also dramatically increased.

In comparison to the days prior to this period of time, the daily average number and volume of bridges, as well as the number of bridges after collapse, have all dramatically grown.

Since October 25, it displays the volume of FTX inflows and outflows to Ethereum. \n As is evident, the volume of input was higher most days than the volume of output. \n On November 7, however, FTX outflows to Ethereum outnumbered FTX inflows, signalling the start of FTX and Alameda's decline. \n A nett volume of $827.72 million was transferred from FTX to Ethereum on the same day. \n This suggests that consumers of FTX are withdrawing their money from the exchange.

Introduction

What is 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. Powered by a decentralized open network of validators; anyone can join the network, use it, and build on it.

The Axelar network makes cross-chain communication as simple as using HTTP/HTTPS protocols on the web. Platform developers can plug-in their blockchains to other ecosystems, and application builders can leverage a simple protocol and API to access global liquidity and communicate with the entire ecosystem. The Axelar team has deep roots in distributed systems, consensus, and cryptography. The venture is backed by Binance X, Coinbase Ventures, DCVC, Lemniscap, Collab+Currency, North Island Ventures, Divergence Ventures, Cygni Labs, and others.

Conclusion

There was a significant surge in satellite activity from bridges during the fall of FTX and Alameda, particularly in terms of volume. On the Axelar satellite bridge, we can plainly notice huge increases in this period, particularly on November 9. \n In comparison to the days prior to this period of time, the daily average number and volume of bridges, as well as the number of bridges after collapse, have all dramatically grown.

In terms of both dollar value and quantity of transactions, the route from Axelar to Osmo is the busiest on the satellite bridge.

Over 4,000 transactions and roughly $2.735 million in bridge volume were made between Axelar and Osmo.

Next, with a total of 14.237 thousand transactions, AXL is the most bridged token from Axelar. \n However, on November 7th, FTX outflows to Ethereum outnumbered FTX inflows, signalling the start of FTX and Alameda's decline.

A nett volume of $827.7255 million was transferred from FTX to Ethereum on the same day.

This suggests that consumers of FTX are withdrawing their money from the exchange.

Methodology

In this dashboard, we have reviewed the activity on the satellite bridge since October 25.

We'll go through the list of popular locations and assets that consumers transferred funds from Axelar to.

The output flow from FTX to Ethereum will also be calculated in the same manner, and any output that is moved via satellite to another destination chain will be noted.

As can be observed, in terms of both money volume and transaction volume, the route from Axelar to Osmo is the most popular one on the satellite bridge. \n Over 4,000 different transactions totalling almost $3 million have been bridged from Axelar to Osmo. \n The next token used to bridge from Axelar is AXL, which has a total of 14.237 thousand transactions.