Bridge Analysis
> What tokens and blockchains are users interacting with when bridging to and from Flow?
Hello! In this dashboard we are reviewing:
- Tokens bridges in and out from Flow (by $USD volume and transaction counts)
- Blockchains interacting with Flow in bridges
- Users behavior when they bridge in Flow
Let’s starts with the first part:
Comparing tokens bridged in and bridged out from Flow:
- First of all, $USD volume of the transfers:
As we see, $RLY have more inflow and $USDT ($tUSDT symbol on Flow) has the most outflow in bridges, let’s take a closer look to top 5 tokens of each type here:
It’s time to know the blockchains interacting with Flow in bridges:
Ethereum is the 1st in both bridging in and out, also the ranks of 2nd and 3rd place in both ways are the same: Solana is 2nd and BSC is 3rd, However the number of Origin chains (inflows) is higher from destination chains(outflows), which means users from more different blockchain are coming to flow.
We know there is 2 ways to bridge with Flow, Blocto bridge which is native dapp on Flow, Celer multichain bridge, lets look at the use counts of them;
Blocto is most used bridges in both sides but has much higher use in leaving Flow to other chains.
Q2: what protocols users are leveraging after bridging TO Flow from another chain
For answering this question, we looked in common actions in flow blockchains:
- Doing a swap
- Buying an NFT
- Selling an NFT
Let’s see how many people who done a bridge to flow, has done this actions:
As we see, most of the users who done a bridge on Flow, has tone a swap comparing to the buying or selling an NFT, also Buying NFTs is more common for the bridgers than selling one.
Let’s go dipper on swappers and find top 5 favorite tokens on their swaps:
tUSDT is the favorite pair for swaps, and Flow is 2nd, blocto token is 3rd. this ranking is the same on both sales and purchases but the amounts is little different.
NFTs turn now:
Starly card is favorite collation to pick and Ratrible is most sold here,also Rarible is the only projects is there in both sales and purchases charts!
Conclusion:
- Rly with mor rhan 1.3m $USSD bridge volume is the most token bridged from otherchains in Flow.
- tUSDT with mor than 3m $USD has must amount in $USD on bridging out from FLOW also tUSDt is the 2nd best token coming in Flow.
- Ethereum has the most interaction with Flow in both bridging in and out
- BloctoTeleport is most wanted bridge on Flow
- Besided holding the assets Swapping is the most common activity on the users bridging in Flow.
- Starlycart is most purchased collection and Rarible is the most sold collection from the bridge-in User, Also Rarible have good amount of purchases by the bridge-in Users too!