AXI is five independent valid/ready channels: AW, W, B, AR, R. AXI-Lite drops burst — one address, one data.
flowchart TB m[master] --> aw[AW] m --> w[W] b[B] --> m m --> ar[AR] r[R] --> m aw --> s[slave] w --> s s --> b ar --> s s --> r
Write completes after AW and W have fired and the slave returns B. Read completes after AR fire and R fire.
Wrong vs right
Wrong — one shared ready for all five channels.
Right — per-channel handshake; use an interface + modports (Interfaces).
This page is a map, not the AXI spec. Details live in Learn · AXI.