Blast Bridge and Bridgers
The pie chart, presents a detailed analysis of the distribution of average amounts bridged within the Blast network. The most significant portion (41.49%) comprises transactions between $10 million and $100 million, highlighting substantial liquidity movements within this range. Meanwhile, transfers between $1 million and $10 million also form a considerable share (29.37%), indicating frequent substantial bridging activities. High-value transactions exceeding $100 million, often conducted by whales, account for 17%, showcasing significant large-scale bridging. Smaller transactions, particularly those below $1 million, collectively form a minimal part of the overall distribution.
The chart illustrates the distribution of amounts bridged by symbol in the Blast Bridge network. It highlights the dominance of the YES token, which constitutes 50.85% of the total bridged amount, indicating its significant role in the ecosystem. The presence of WETH (23.89%) and USDB (8.73%) as major bridged assets suggests a high liquidity and utility within the network. Interestingly, ezETH also makes up a notable 7.11%, showing diversification in the assets used. ππ±π
The chart above depicts the distribution of bridgers based on the number of bridges they utilize. The majority, over half, engage in bridging transactions ranging between 10 and 100 times, illustrating a moderate level of engagement. Notably, a significant portion, nearly 28%, bridges below 10 times, indicating a large base of low-frequency users. Conversely, a smaller yet substantial segment, about 18%, bridges between 100 and 1K times, reflecting higher engagement. The smallest fraction consists of those bridging between 1K and 10K times, pointing towards a niche group of highly active users. This distribution highlights diverse user engagement levels, revealing that while many users interact with bridging sparingly, there's a noteworthy commitment among a segment for higher frequency use. ππ
The diagram on the left showcases the percentage distribution of bridges by different symbols, reflecting the dominance of certain tokens in bridging activities. WETH leads the pack, accounting for nearly 40% of all bridges, highlighting its critical role in the ecosystem. USDB follows with over 31%, indicating its significant usage. YIELD and YOLO also make notable contributions, albeit at lower percentages, signifying their niche but essential presence. The remaining tokens, despite their smaller individual shares, collectively underscore the diversity and range of assets being bridged. This distribution reveals a landscape where a few key tokens drive most of the activity, while a broad array of others supports the ecosystem's versatility and resilience. ππ°
Blast Bridge and Bridgers Analysis overview
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Weekly Amount Bridged:
- Significant peak in mid-June 2024 π
- Post-peak stabilization at lower levels
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Average Amount Bridged Distribution:
- Majority (41.14%) between $10 million and $100 million π°
- Smaller segments include both very high and very low transaction amounts
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Token Distribution:
- Dominance of YES (50.85%) and WETH (23.89%) in bridged volume π
- Diverse participation from multiple tokens, indicating healthy ecosystem diversity
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Weekly Number of Bridgers:
- Noticeable increase in user engagement during peak periods π
- Gradual return to baseline activity levels post-peak
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Weekly Number of Bridges:
- Surge in bridging transactions aligning with user activity peaks π
- Reflects network's capacity to handle high transaction volumes during key events
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Bridged Distribution by Bridgers:
- Majority engage in transactions between 10-100 times π
- Small segment of high-frequency users (over 1000 bridges) indicating core heavy users
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Token Bridging Activity:
- WETH leading in the number of bridges, showing high utility and engagement π
- Other tokens like USDB and YES also playing significant roles
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Long-Term Trends:
- Overall steady engagement with spikes during significant events, showcasing networkβs adaptability and resilience π οΈ
These metrics collectively highlight the dynamic nature of the Blast Bridge network, its ability to attract and manage significant user activity, and the diversified token usage within the ecosystem. ππ