🔖 analyze

It can be observed that the largest volume of Claims is equal to 119 k and the minimum is equal to 0.003177 Claims volume is equal to 3.6 m received by users The highest volume and number happened in the early hours

Methodology

Things that can be seen in this dashboard The ACX airdrop was done this week. An analysis of the bridge volumes of the Across protocol , airdrop distribution And TVL creation can be seen And then we compared this with bridge hop To get data

from ethereum.core.ez_token_transfers table with filter

      WHERE from_address LIKE lower('0xE50b2cEAC4f60E840Ae513924033E753e2366487') 

                                             AND contract_address in (lower('0x44108f0223a3c3028f5fe7aec7f9bb2e66bef82f'))

Used

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What Are Blockchain Bridges And How Do They Work?

Blockchain technology has covered quite an extensive journey since its introduction to the world in 2008 with the Bitcoin whitepaper. The subsequent rise in the number of cryptocurrencies and development of blockchain networks with programmability, such as Ethereum, have created a completely new ecosystem. Blockchain promises the value of decentralization and freedom from the control of any individual or institution.

However, majority of blockchain networks exist in the form of isolated communities with their own economies. Therefore, blockchain bridges have become one of the inevitable necessities for the decentralized application ecosystem. The restriction on interactions between different blockchain networks creates limits for decentralization, the core principle of blockchain technology.

A blockchain bridge serves as the ideal solution for interoperability among different types of blockchain networks. It opens up the scope for applications based on one blockchain network to use the resources of another blockchain network. The maturity and evolution of blockchain technology have led to the demand for blockchain bridge projects to improve interoperability among different blockchain networks.

The following discussion offers a detailed introduction to a blockchain bridge and its working alongside the value advantages it presents for the blockchain community. In addition, you can also learn about the risks of a blockchain bridge and examples of projects.

Across Protocol

is an upcoming cryptocurrency and its price is currently unavailable. Market data will be available soon and 96 users have added this coin onto their watchlist. 2/ "Bridge liquidity" refers to deposits into across.to/pool.

Hop protocol

is a mechanism for transferring tokens over a shared layer 1 network quickly and without trust. It provides customers with a two-pronged token bridge for Ethereum's layer 2 network. The solution aims to facilitate the rapid movement of a token between layer 2 and a scaling solution's governance token

Across Activity

🔖 analyze

In Hop Bridge Net Volume, it can be seen that the total number is equal to 20 M and the highest Hop Tvl was for Ethereum.

Across the Airdrop overview

Hop Activity

🔖 analyze

In the charts of the Hop protocol, it can be seen that the most token used for input through the Hop protocol is Ethereum, and the largest volume was made on November 11, 2022, and the largest output was made with the Usdc token, which was made on November 11, 2022.

🔖 analyze

In Across Protocol, it can be seen that the most input was done with the Usdc token,

and the most Nir output was done with this token, and the largest total volume was also for this token

. Bridging was also done on July 20, 2022

Conclusion

It can be observed that the largest volume of Claims is equal to 119 k and the minimum is equal to 0.003177 Claims volume is equal to 3.6 m received by users The highest volume and number happened in the early hours

In the charts of the Hop protocol, it can be seen that the most token used for input through the Hop protocol is Ethereum, and the largest volume was made on November 11, 2022, and the largest output was made with the Usdc token, which was made on November 11, 2022.

In Hop Bridge Net Volume, it can be seen that the total number is equal to 20 M and the highest Hop Tvl was for Ethereum

In Across Protocol, it can be seen that the most input was done with the Usdc token,

and the most Nir output was done with this token, and the largest total volume was also for this token

. Bridging was also done on July 20, 2022