Introduction

In this dashboard, we are going to examine gross volume of Blocto Teleport and cBridge to and from the FLOW blockchain, after that we are going to take a deeper look into inflow and outflow volume of these bridges.

Approach

The flow.core.fact_bridge_transactions table will be used to get the bridge data, the amount of transferred token from that table is already adjusted, but it is not in USD. In order to get transform these amount into USD, we need to have the daily prices of the tokens, to get the prices of flow network native tokens, flow.core.fact_prices is used, and to get the price of other tokens, the ethereum.core.fact_hourly_token_prices table should be used.

The data is available from April 20 to the present day, which is the period used in this study.

Please make note that AVAX price data could not be found within datasets, because of its negligible amount, its excluded from analysis.

Gross Daily Volume

The chart below depicts the amount of gross daily volume transferred to or from the Flow network. By looking at it we can infer that:

On most days, liquidity has left the Flow network.
From April 20 to May 13, a considerable amount of liquidity exited the Flow network.
On June 29, network has seen a very high amount of inflow.

Inflow Volume Analysis

The graphs below show different statistics for inflow volume.

Both bridges brought about the same volume to the Flow network, blocto only brought 2.5% more volume.

Most volume came from ETH network (almost 86%), followed by Solana. (The volume chart is in Logarithmic scale.)

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RLY and USDT was the top tokens bridged into Flow network, followed bt BLT, WBTC, WETH and FLOW.

Outflow Volume Analysis

The graphs below show different statistics for outflow volume.

It is obvious that Blocto has a higher hand when it comes to bridging out of Flow network.
Blocto has done 98.5% of all outflow volume.

The outflow blockchain distribution is similar to inflow blockchain distribution
most volume was sent to Ethereum network (almost 79%), followed by Solana.

Almost half of outflow volume is dedicated to USDT, followed by FLOW and Blocto native token (BLT).

Inflow / Outflow Volume

The following charts show the daily amount of inflow and outflow from Flow network. In the next sections, their data will be scrutinized.

Observations

During this study, following points were observed:

On most days, liquidity has left the Flow network. Although on June 29, there has been a considerable amount of positive inflow.
Both bridges, contribute almost equally when speaking about bridging into Flow network.
When speaking about bridging out of Flow network, Blocto has the higher hand, it has 98.5% of the outflow share.
The Ethereum network is the primary source and destination for bridging.
USDT is the top stablecoin on both inflow and outflow results.

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