Axelar Token Launch

    Axelar recently launched its native token, AXL, and we're celebrating with some bounties! For this bounty, analyze the activity within the AXL/OSMO pool (#812), as well as trading activity on the Osmosis DEX. Note any trends or outliers you see.

    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    db_img

    Introduction


    What is Axelar?


    Axelar provides a decentralized network that connects dApp builders with 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.


    What’s the difference between wAXL and AXL?


    AXL is the native utility token that powers the Axelar network. It’s chain-agnostic, so its ERC-20 representations will live on all connected chains, including Ethereum.

    The wAXL ticker is recommended to be used for the ERC-20 representation. 1 AXL = wAXL and can be swapped by anyone via Axelar’s permissionless layer through bridge front-ends such as satellite.money. Most exchanges are following the recommended naming convention, though there are a few exceptions, noted in this post.


    If I participated in the CoinList token sale, where would I be receiving my AXL token?


    Tokens will be distributed to your CoinList wallet. CoinList users have the option of receiving AXL or wAXL (see “what’s the difference between AXL and wAXL”). However, CoinList will only support trading of the wAXL token at this time. CoinList sent a form to users inviting them to select the wAXL option. The default selection was native AXL.

    Description

    The top left graph is a percentage comparison of the top 20 tokens swapped to axl based on the number of swaps. As you can see, the highest percentage belongs to osmo ==36.6%==, then atom ==23.6%.

    The top right graph compares the number of 10 tokens swapped to ==axl== number of swaps,

    the largest number belongs to ==osmos==, the next two graphs are cumulative number of users for axl by category,

    the next graph belongs to and shows cum number of swap foe ==axl== by category

    db_img
    db_img

    Description

    The graphs above show the number of transactions and uniqu users on axl/osmo pool and the compared share of users provided liquidity token respectively. The graph on the left shows the accumulated volume of transactions liquidity.

    Conclusion

    Considering that it has just been launched and the data is limited, it will take a few days to make a correct decision, but considering that we are in a bearish market and the btc trend is bearish, it will affect the market sentiment and this token. This project does not affect most people to think about criticizing

    the method

    To create this dashboard, I have used the data related to the osmo blockchain tables on the flipside site, I have also used the addresses of the following contracts, some of the codes that I have used, I got ideas from the following dashboard

    > osmosis.core.fact_liquidity_provider_actions > > Contract Address: > > ==“903A61A498756EA560B85A85132D3AEE21B5DEDD41213725D22ABF276EA6945E”== > > pool_id = '812' > > \

    Description

    The upper left graph shows the volume of liquidity, as you can see, it increased at first, then decreased, the upper right graph shows the amount of transactions liquidity, in the initial hours it decreased, then increased again after a few hours. It has decreased, the next graph of avg amount of liquidity is increasing at first, then decreasing over time.