IBC OUTBOUND: Osmosis vs Secret vs Axelar vs Injective

Graph below shows the $UST and $LUNA volume transferred from Terra to Osmosis, Secret, Axelar and Injective. We can see that Osmosis has higher outbound volume in both $LUNA and $UST and the daily volume has been growing especially starting from year 2022 onwards. However, less growth was observed to Secret chain. Axelar surprisingly has higher volume than Secret and also Injective. So the rank would be Osmosis > Axelar > Secret > Injective.

Unique Users and Tx Count from Terra to Osmosis vs Secret vs Axelar vs Injective.

If we compare the destination chain by transaction count and unique users count, Osmosis and Axelar has the most transaction and number of unique users.

In conclusion, the transaction to Osmosis and Axelar has been very popular as of recently. Secret and Injective has been lagging behind compared to the former two.