Hop Whales

Are whales choosing Hop to go to L2s? Or are they choosing the native bridges? Compare Hop vs the native bridges for Polygon, Optimism, and Arbitrum over the following metrics: unique users on each, frequency of use, and the average amount of assets moved on each?

Method

Hop Bridge =>ORIGIN_FUNCTION_SIGNATURE = 0xdeace8f5 AND origin_to_address =0xb8901acb165ed027e32754e0ffe830802919727f
Polygon Bridge => ORIGIN_FUNCTION_SIGNATURE = 0xb1a1a882 AND origin_to_address = 0xa0c68c638235ee32657e8f720a23cec1bfc77c77
Optimism Bridge => ORIGIN_FUNCTION_SIGNATURE = 0xb1a1a882 AND origin_to_address = 0x99c9fc46f92e8a1c0dec1b1747d010903e884be1
Arbitrum Bridge => ORIGIN_FUNCTION_SIGNATURE = 0x0f4d14e9 AND ORIGIN_TO_ADDRESS = 0x4dbd4fc535ac27206064b68ffcf827b0a60bab3f
Tables used : flipside_prod_db.ethereum.erc20_balances AND ethereum.core.ez_eth_transfers
Whales : Top 1000 in terms of balance
The analysis is from 3 months ago

Analysis

Conclusion

Hop vs the native bridge:

Whales choosing Hop to go to L2s with about 43%.
Polygon : 28.8%
optimism : 14.3%
Arbitrum : 14.3%

Hop vs the native bridge by unique user:

Hop : 40%
Polygon : 20%
optimism : 20%
Arbitrum : 20%

Hop vs the native bridge by average amount:

optimism : 92.2%
Arbitrum : 3.01%
Hop : 1%
Polygon : 0.752%