==INTRODUCTION==

ACX TOKEN

Across Protocol and the DAO's treasury are managed by the ACX token, which governs the operation of the Across Protocol protocol. The ACX token is an ERC-20 token, which means it is decentralized and controlled by the token holder, placing governance decisions in their hands. Token launch enabled governance. The lifecycle of a proposal includes ideation, discussion, proposal, feedback, voting, and execution. Our governance platforms are Forum and Snapshot. As part of the Across Referral Link program, ACX will soon introduce an optimistic governance tool built by UMA and Snapshot.

A total of 1,000,000,000 $ACX minted at inception will be distributed as airdrops to contributors, according to the official Across airdrop landing page.

BLOCKCHAIN BRIDGE

Bridges connect two Blockchain ecosystems so that tokens or data can be sent between them.

Blockchain technology faces the challenge of not being able to interact between different systems in the network. Developers typically can't take advantage of other blockchains when they create decentralized applications on specific platforms. This is why, for example, Ethereum faced many problems related to scalability, and many developers hoped to solve it. Therefore, Blockchain Bridge is one of the solutions to solve this problem.

HOP

Using Hop protocol, tokens can be transferred quickly over a shared layer 1 network without requiring trust. A two-pronged token bridge is provided for Ethereum's layer 2 network. Tokens can be quickly moved between layer 2 and the governance token of a scaling solution using the solution.

ACROSS BRIDGE

Across is a cross-chain bridge for L2s and rollups secured by UMA's optimistic oracle It is optimized for capital efficiency with a single liquidity pool, a competitive relayer landscape, and a no-slippage fee model.

==METHODOLOGY==

In this dashboard, we examine the following three items and then draw a conclusion:

1. ACX Airdrop Overview

2. Hop Bridge Activity on Ethereum

3. Across Bridge Activity on Etherium

4. Conclusion

ACX Airdrop Overview

In the elementary section; Let's check the available numbers:

Total amount of ACX Airdrop: 1 billion dollars

Total supply of ACX dollars: 115 million dollars

It seems that it was made from 1 billion dollars of AX tokens; An amount of 115 million dollars (equivalent to 11.5% of the total) was offered during the airdrop operation.

Number of claimants: 962 Wallets

Claimed Volume: 3.6 million dollers

As is clear; Only 962 wallets participated in the airdrop operation and spent an amount of 3.6 million dollars (equivalent to 3.13%) to participate in the airdrop. The amount of 111.4 million dollars from the total supply (equivalent to 96.9 percent); There is no buyer left

The graph of the number and hourly volume of airdrop claims indicates that from the beginning of the supply to the end of the examined time period, the number and volume of supplies has decreased drastically, so that at the end of the examined period, the number and volume have reached almost zero.

The scatter chart created to show the event (time-claim) also shows that at 14:00 on November 28; We have witnessed the largest volume of claim.

In the following, we will examine the correlation between the price of ACX and the quantity supplied; As is clear:

1. The airdrop operation shows that by performing the airdrop operation; The price of this digital currency has decreased, which can be because the people who participated in the airdrop operation; Immediately after receiving their currency, they sold it.
2. On the other hand, it seems that the direction of the price and the direction of supply are the same, and both have been downwards, which is also the reason for this problem.

Hop Bridge Activity on Ethereum

==We will examine the general state of Hop Bridge in the given time frame:==

1. The graph containing information about the distribution and share of each token from Hop Bridge transfers shows that the ETH token has always had the largest share, followed by the USDC token.
2. It should be noted that the use of USDT has also been associated with a slight increase in the period from November 7 to 23.
3. On the 22nd and 23rd of November, we have seen the most usage of the ETH token.
4. The use of HOP token is also not common and always has the lowest share.

Across Bridge Activity on Etherium

==Now let's examine the Across bridge the daily input and output of Ethereum by different tokens (a period of one month between November and December is considered):==

1. The most entries in this bridge were by USDC and WHAT tokens. (The most entries occurred on November 25.)
2. The most exits in this bridge have occurred with the USDC token. (The most exits occurred on November 23 and 24.)
3. The highest net volume of input in the considered period is for November 25.
4. The cumulative flow across the bridge in Ethereum has always been with a constant upward slope, and now it has reached a figure of around 600 million. This always upward slope shows that this bridge has always maintained its popularity among users.

==We check the amount of token transfers out of Ethereum and into Ethereum based on tokens; The results indicate that:==

1. The largest volume of transfer outside the Ethereum network has been done with the USDC token.

2. The largest volume of transfers into the Ethereum network has been done with ETH and USDC tokens.

3. It should be noted that from November 22 to the end of the period in question; The ETH token has also made a major contribution to the transfer outside the Ethereum network.

   
   ==We will examine the hop bridge in the considered time frame to examine the transfers made from it to enter and exit the Ethereum network; The results indicate that:==

   1. On the 10th, 11th and 17th of November, we have seen the most entry and exit from the Ethereum network by BridgeHop. It should be noted that the highest amount of entry into the Ethereum network occurred on November 11 and its amount was about 4.7 million units. The largest withdrawal from the Ethereum network was on November 10 and 11 with an approximate amount of 3.1 million.
   2. On November 17th, we witnessed the largest amount of net incoming volume (2.9 million) and on November 27th, we also witnessed the largest amount of net outgoing volume (minus 638 thousand units).
   3. The graph of the cumulative volume of using bridge hop to enter Ethereum is always increasing with an almost constant slope.

==CONCLUSION==

ACX supply process:

1. Most of the supply happened in the early hours.
2. The total number of buyers of this currency during the airdrop operation was 962 wallets.
3. The total amount of currency sold in the airdrop operation; It is estimated at 3.6 million dollars and it seems that this airdrop was not accompanied by good luck.
4. The price of this currency also faced a drop after the airdrop, which is also a factor in the lack of success of this airdrop in the market, and on the other hand, it shows that most of the people who have received their currency will soon be competing for sales.

Hop Bridge

1. Each day, Ethereum receives and sends between 1 and 3 million hop streams
2. The number of Hop TVLs currently stands at 35 million
3. ETH and USDC are the most commonly sent currencies using hop

Across Bridge

1. There are somewhere between 5 and 20 million inputs and outputs from all over Ethereum every day.
2. Over 600 million amounts have been sent out of Ethereum using Across.
3. The most popular tokens across bridge are ETH and USDC tokens.