Rishi: Agni/Hotṛ-centered cycle (speaker representing the sacrificers seeking the true Hotṛ/Agni)
Devata: The chariot-power of the Devas; soma-inspired participants as co-workers
Chandas: Trishtubh (probable; requires metrical verification)
Samhita Patha (Devanagari)अक्षानहो नह्यतनोत सोम्या इष्कृणुध्वं रशना ओत पिंशत । अष्टावन्धुरं वहताभितो रथं येन देवासो अनयन्नभि प्रियम् ॥
Recitation with translationRig Veda 10.53.7
Transliterationakṣānaho nahyatana utá somyā́ iṣkṛṇudhvaṃ raśanā́ óta piṃśata | aṣṭā́vandhuraṃ vahatābhíto ráthaṃ yéna devā́so anáyann abhí priyám ||
Translationअक्षानहो नह्यतनोत सोम्याः; इष्कृणुध्वं रशना ओत पिंशत। अष्टावन्धुरं वहताभितो रथं, येन देवासो अनयन्नभि प्रियम्।
Word by Wordअक्षानहःaxle-bands / axle-fasteners अनुतalong, after, in sequence सोम्याःO Soma-related (women/ones), gracious इष्कृणुध्वम्make ready / set in motion! ओतhaving woven/fastened (in place) पिंशतadorn / fit / smooth (you all)! अष्टावन्धुरम्eight-yoked / having eight teams वहतcarry / convey (you all)! अभितःon both sides, around प्रियम्the dear (goal), the beloved 
