Try Quests to earn cryptoHow Many Times was Hop used?
This dashboard looks at how many times was the hop protocol used in 2022 to bridge funds to layer 2.
Hop is a token bridge protocol that allows users to send tokens from a sidechain to another almost instantaneously. This is done utilizing market makers, referred to as Bonders, who front the liquidity at the destination chain in exchange for a small fee.
The total number of transfers thus far sending assets across the Hop bridge is slightly under 6000 at 5,943. The number of unique users utilizing the Hop bridge is 5,145. The total number of transactions and number of unique users are very close together. This means that most users have only utilized the Hop bridge once.
The daily number of users sending assets across the Hop bridge spiked in September of 2021, with the over 100 transfer transactions on September 11th, 2021. Since then, the number of transactions has declined, with the majority of days in the last few months seeing around 10 - 40 transfers.
In conclusion, there have been around 6000 transfer transactions on Hop thus far, and most users have only utilized the Hop bridge once. Most days over the past few months have seen around 10 - 40 transfers.