Introduction

bridges are a very important part of crypto projects which users can bridge their assets from a blockchain to another blockchain and then use them in the destination blockchain.

nowadays there is a lot of bridges that will help users to move their assets accross several blockchains.

in this dashboard we will analyze a small part of data for Polygon main bridges which are Plasma and PoS bridges.

from these two bridges which help users to bridge their assets from Ethereum to Polygon, we will analyze some data about them. there can be a lot of data about bridges that can take some dashboards but our main subject for this dashboard is to find most popular first destinations for users who bridge from Ethereum to Polygon.

Methodology

since it’s hard, at least for me, to find connection between Ethereum and Polygon when users bridges their assets, our method for finding and solving this question that what most popular first destinations are, we will find users and their minimum time when they bridged from Ethereum to Polygon by Ethereum tables and Plasma and Pos addresses and then look for their activities on Polygon by Polygon tables with these conditions:

• users should be the same.because user addresses on Ethereum and Polygon are the same and just their network is different.
• their activity time on Polygon should be between the time of bridge and one day after that. which means we just consider their activity 24 hours past from when they bridged to Polygon.

also we have filtered our queries to show data from January 2022 in order to run them faster than usual.

Analyze

in the next part we will find total users that have bridged to Polygon from Ethereum by plasma and pos bridge and also show them daily.

and then we will find top destinations for these users.

total users that have bridged from Ethereum to Polygon through Plasm and Pos since Jan 2022 are about 408K.

these are unique users and we have found all users that at least used these bridges once.

we have used ==ethereum.core.fact_event_logs== table to find successful transactions on Ethereum and then find unique users.

when users bridge from Ethereum their events are sent to Plasma or Pos addresses and we used this method to find bridge transactions.

also users can bridge a large group of tokens and even NFTs to Polygon and we did set a filter for these transfer types too.

Above chart shows number of unique users who had bridge to Polygon from Ethereum through Plasma and Pos per day since January 2022.

there is a decreasing trend for number of users since the start of 2022 and as we see they are decreasing per day.

decreasing trend can have a lot of reasons such as bear market which we are in it. because in bear market users will decrease their activities on crypto. so it is expected that they don’t use bridges like before.

on Feb 14th there is about 7.8K unique users that have used Plasma and Pos per day which is the highest number of users per day.

in recent days, July 2022, we see that number of unique users are below 2K which in first 3 month of 2022 it was always above 2.5K.

now that we did see some data about users, lets find their popular destinations when they bridge to Polygon.

as said before we just consider users activity right 24 after they bridged to Polygon.

first place that came in mind to check is Sushi, where users can swap lend borrow and etc.

so we have checked Sushi tables include swaps, borrowing and lending to see if users do use Sushi after they bridged.

as this chart shows, Sushi is not popular for them. because just 234 unique of them have used Sushi swap and just 1 of them have lend from Sushi and no one of them had borrow from Sushi.

so Sushi is not a popular or at least most used by bridgers.

in the next parts we will check for other contracts and destinations that these users interacted with.

we have found our bridgers and then use ==polygon.core.fact_transactions== table to find top 10 ==TO_ADDRESS== that bridgers have interacted with from time when bridge till 24 hours past from their bridge transactions.

when we found these destinations we search them on both Flipside labels for Polygon and also Polygonscan to find their labels and we came to above list.

we have counted interaction from bridgers to these addresses and find top 10 among them by used count.

nftdaily.app is the top contract address that bridgers used after they bridged to Polygon. about 13.2K interact this contract has since Jan 2022.

top 10 contracts with most interact from bridgers are shown in the chart.

we couldn’t find 3 of these contracts because their label was not found in both polygonscan and flipside database.

from these top 10 contracts, those who are interested us are: Quickswap, Metamask swap router and Uniswap.

Appendix

Polygon (Matic): Plasma Bridge : 0x401f6c983ea34274ec46f84d70b31c151321188b 
Polygon (Matic): Pos Bridge    : 0xa0c68c638235ee32657e8f720a23cec1bfc77c77 

for above chart we have used ==polygon.core.fact_event_logs== table to find most used ==CONTRACT_ADDRESS== that bridgers interacted with.

top contract address is Matic token itself that have been used about 151K.

name for top 4 contract address was not found.

some of these top 10 are different from previous chart.

Result

since Jan 2022, about 408K unique users have used Plasma and Pos Bridge to move their assets from Ethereum to Polygon.

number of unique bridgers per day since Jan 2022, is decreasing.

Sushi is not a popular destination for bridgers.

nftdaily.app and Matic token are most interacted contracts by bridgers since Jan 2022.