Q5.

Where do people go when they bridge to Polygon from Ethereum? What are the 10 most popular first destinations for Polygon addresses that have just bridged from Ethereum?

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Info

Bridging means users can move their tokens between blockchain networks quickly and cost-effectively. The Polygon Bridge is used for cross-chain transactions between the Polygon (MATIC) and Ethereum (ETH) blockchains. It allows users to transfer ERC tokens and NFTs to the Polygon sidechain through smart contracts.

Method

tables: from polygon.core.fact_transactions , polygon.core.dim_labels , polygon.core.fact_event_logs

from_address = '0x0000000000000000000000000000000000000000' and to_address = '0x0000000000000000000000000000000000000000'

where total_tx > 100 and project_name is not null

count(DISTINCT user) as unique_user , 
count(DISTINCT tx_hash) as total_tx

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Total Daily intract after bridge per Platform

Unique users

• Most users after bridge Polygon from Ethereum interacted with Hop protocol.

• The highest number of unique users that integrated with Hop protocol was on July 29th. On this day, 1441 users using the Hop protocol.

• The highest number of unique users that used platforms was on July 29th. On this day, 1441 users used the Hop protocol, 98 users used Aave, 87 users used Metamask, 67 users used sunflower land, 65 users used balancer, and 61 users used Sushiswap.

  On this day, also 51 users used Uniswap

Number of transactions

• The highest number of transactions belonged to the Hop protocol.

• The highest number of transactions was on June 13th. On this day, the Hop protocol had 36.10k transactions.

Aave had 1032 transactions. Mapper had 732 transactions.

Balancer had 611 transactions.

Sushi swap had 195 transactions.

• The lowest number of transactions since June 6th was on June 6th. On this day, only 221 transactions happened on the Hop protocol.

Top 10 protocols

Unique users

• The Hop protocol is in the first place of the top 10 protocols with 9561 unique users and taking 72.8% part.
• The second protocol that gained more unique users was Aave with 946 users and taking 7.2% part.
• In the third place is Balancer which attracts 876 users and takes 6.7% part.

There is a massive difference between the first and second protocols.

Number of transactions

• The Hop protocol has the most transactions among the top 10 protocols. This protocol has 1.60 million transactions and takes 94.2% part.
• The second protocol is Aave with 21.37k transactions and only 1.25% part.
• In third place is Chainlink which has 15.23k transactions and taking 0.89% part.

What a huge gap between the first and the other protocols!

Event name

Unique users

• Transfer activity has the most part among the other activities. 30k users use this activity.

• The second activity is Approval which gains 20,851 users and takes 24.2% part.

• The third activity is Deposit and 7645 users use this activity.

• The highest number of unique users that had in activities was on July 18th.

Number of transactions

• The transfer activity had the most transactions among the other event types. This event type had 1.397 transactions and took 85.2%.

• The second activity was Approval which more than 128k transactions had happened on this event type and took 7.8% part.

• The highest number of transactions was on June 13th based on the event types. On this day, around 32.5k transactions happened on transfer activity.

Platform type

Number of transactions

Number of transactions

• The layer2 platform was the top platform that attracted more users. Around 47k users used this platform after they bridge to Polygon from Ethereum.

• The second platform that had more unique users was Dex with 9240 users and 11.9 percent.

• The third platform was Defi which had 6398 users and 8.26%.

• The highest number of users that had activity on platforms was on July 29th and Layer2 had the most number of unique users with 1441 on this day.

• The layer2 platform was the top platform that had the most transactions. 1,612 transactions happened on this platform.

• The second platform that had more transactions was Dex with 40355 and 2.28 percent.

• The third platform was Defi which had 34688 transactions and 1.96%.

• The highest number of transactions was on June 13th and Layer2 had the most number of transactions with 36.10k on this day.