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@SpecterAnalystStargate for Flow Chain
Flipside AI
Cross-Chain Bridge Activity Analysis
Transaction Overview
The cross-chain bridge ecosystem shows robust and dynamic activity with 318 total transactions involving multiple tokens like USDF, USDT, sgUSDC, and WETH. The total bridge volume reaches an impressive $11.09 million, indicating significant cross-network asset movement.
User Engagement
A total of 125 unique bridgers have been identified, with an interesting user behavior pattern:
- 90 bridgers made only a single transaction
- Only 4 bridgers executed 11 or more transactions
Daily User Acquisition is promising, with new bridger onboarding peaking at 13 users in a single day and maintaining a consistent 8-12 new users range.
Token Distribution Insights
Token bridging activity reveals a concentrated ecosystem:
- WETH dominates at 77% of bridging activity
- sgUSDC leads in transaction count with 123 transactions
- USDF shows the largest volume at $5.56 million
Key Wallet Activity
Two standout wallets demonstrate significant network participation:
- 0xcaca41c458f48d4d7c710f2e62aee931e149a37d: 64 total transactions
- 0xbd6dddc5e55831ae7f4defce030f034a1548c4e7: $5.4 million in volume
Transaction Volume Patterns
The bridge ecosystem exhibits a power law distribution:
- 83 bridgers transact less than $50
- Only 31 bridgers handle volumes over $1000
- Daily transactions show volatility, with a notable spike to 58 transactions on a specific timestamp
The analysis suggests a maturing cross-chain bridge ecosystem with concentrated high-value activity and growing user participation.
Cross-Chain Bridge Activity Analysis
Transaction Overview
The cross-chain bridge ecosystem shows robust and dynamic activity with 318 total transactions involving multiple tokens like USDF, USDT, sgUSDC, and WETH. The total bridge volume reaches an impressive $11.09 million, indicating significant cross-network asset movement.
User Engagement
A total of 125 unique bridgers have been identified, with an interesting user behavior pattern:
- 90 bridgers made only a single transaction
- Only 4 bridgers executed 11 or more transactions
Daily User Acquisition is promising, with new bridger onboarding peaking at 13 users in a single day and maintaining a consistent 8-12 new users range.
Token Distribution Insights
Token bridging activity reveals a concentrated ecosystem:
- WETH dominates at 77% of bridging activity
- sgUSDC leads in transaction count with 123 transactions
- USDF shows the largest volume at $5.56 million
Key Wallet Activity
Two standout wallets demonstrate significant network participation:
- 0xcaca41c458f48d4d7c710f2e62aee931e149a37d: 64 total transactions
- 0xbd6dddc5e55831ae7f4defce030f034a1548c4e7: $5.4 million in volume
Transaction Volume Patterns
The bridge ecosystem exhibits a power law distribution:
- 83 bridgers transact less than $50
- Only 31 bridgers handle volumes over $1000
- Daily transactions show volatility, with a notable spike to 58 transactions on a specific timestamp
The analysis suggests a maturing cross-chain bridge ecosystem with concentrated high-value activity and growing user participation.
Bridges are mechanisms that connect different blockchain networks, enabling secure and decentralized transfers of assets and data across various platforms.
Flow has chosen Stargate's Hydra as its primary bridge, connecting the ecosystem to Flow EVM.
🔗 Head over to Stargate and bridge into Flow now!
Insights on Stargate to Flow EVM Chain
