Introduction:

In the ever-evolving world of blockchain technology, the Cosmos ecosystem has emerged as a prominent playe. With the introduction of Squid, users have been able to swap into 13 different Cosmos Chains since February 23rd, revolutionizing the way transactions are conducted within the ecosystem. In this dashboard, we will delve into the most active chain among these 13 Cosmos Chains, shedding light on the factors that contribute to its success and how it continues to shape the future of decentralized finance.

Methodology:

In this dashboard we are going to be looking at swaps on Squid to Cosmos chains. For this analysis we are going to be using the axelar.core.ez_squid table. We are going to be focusing our analysis on swaps to destination chains and more specially these 13 Cosmos destination chains: umee, kujira, agoric, axelarnet, crescent, terra2, juno, evmos, stargaze, secret, osmosis, comdex, and assetmantle. Additionally we are going to be focusing our analysis on the time period after Febuary 23rd of 2023 as this is when you were first able to swap to all these Cosmos chains via squid.

Definitions:

What is Axelar?

Axelar is a secure interchain network. It's also a programmable environment. How is that possible? Axelar is a proof-of-stake blockchain. Like the EVM and Cosmos chains it connects, it's Turing-complete: it can run any program over secure and decentralized infrastructure.

What is Cosmos?

Cosmos (ATOM) is a cryptocurrency that powers an ecosystem of blockchains designed to scale and interoperate with each other. The team aims to "create an Internet of Blockchains, a network of blockchains able to communicate with each other in a decentralized way." Cosmos is a proof-of-stake chain.

What is Squid?

Squid allows any token to be swapped between blockchains, and unlocks access to apps across chains in a single click. Use Squid to build seamless user experiences that tap into cross-chain liquidity and scale to reach anyone with a crypto wallet, no matter what chain they're on.

Chain Swaps