Bridge Users (Hop Protocol)

Q1. How many unique users have bridged to L2s using Hop? What days in the past 6 months have seen the most volume bridged, and were there any specific events that may have driven these spikes? Which assets have been bridged the most? Show an analysis of the asset distribution of bridging through Hop.

Hop protocol

Hop Protocol, which allows users to bridge assets across Ethereum Layer 2 (L2) solutions as well as sidechains like Polygon, is launching a decentralized autonomous organization (DAO) to govern the protocol.

Tables: ethereum_core.fact_event_logs , ethereum.core.ez_token_transfers
block_timestamp >= CURRENT_DATE - 180
event_name = 'TransferSentToL2'
unique users: count(DISTINCT(address))

Total unique users

The total unique users have bridged to L2s using Hop over the last 6 months was 40.9k.

This chart shows the number of unique users who had bridged to L2s using Hop and in what assets they had used the most for bridging.

Most users used ETH to bridge on Hop.

The most number of unique users who used Hop was on June 1st.

On this day, 1693 unique users used L2 on Hop.

Top assets

In total, over the last 6 months:

34.69k users have bridged ETH to L2s using Hop.
5438 users have bridged USD.
2537 users have bridged Matic.
1403 users have bridged DAI to L2s using Hop.
And the last asset from the top 5 was USDT which 1198 unique users have bridged to L2.

Daily bridged

This section shows the volume of the tokens that were used to bridge on Hop layer 2.

The volume of assets that unique users have bridged to L2s using Hop was the most on April 30th.

On this day, the volume of ETH was 7.15 million, USD was around 2 million, USDT with 521k, DAI had 91.82k USD volume, WETH was around 26.12k, and MATIC volume was 33.72 k.

Specific events

On April 29, The hop protocol official Twitter account tweeted the image above.

This tweet spread the rumors that said the airdrop was loading!

I personally think that cause the spike on this day.

ETH had the most part bridged based on volume.

ETH had around 65%, USDC 26.5%, DAI 3.76%, USDT 3.07, Matic 1.43%, and WEH had only 0.41% from the assets volume which used have bridged on Hop layer 2.