[Flow] - Bridge Volume
Bounty Question:== What is the gross bridge activity (in usd, by day) for Blocto Teleport and cBridge to and from the FLOW blockchain?
==Introduction==
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Flow is a fast, decentralized, and developer-friendly layer-1 blockchain. It was created by Dapper Labs, the team behind CryptoKitties, to solve problems they had scaling CryptoKitties on the Ethereum network.
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Flow aims to be the foundation behind mainstream consumer applications that will scale crypto from its current user base to the billions.
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Flow differs from other blockchains because it was explicitly designed to support games and consumer applications on day one, with the throughput necessary to scale to millions of active users. (Source)
==Methodology==
The following methods are used in this dashboard:
- Using the flow.core.fact_bridge_transactions table, the bridges made from and to the Flow blockchain were examined. First, the number of bridges by each token was checked (both to and from the Flow blockchain). Then, the number of bridges by each bridge was obtained from the Flow blockchain.
- Then, the bridged dollar volume of each token was obtained on a daily basis. To get the dollar volume, the average daily price of each token from the flow.core.fact_prices tables For native tokens, it was Flow network and ethereum.core.fact_hourly_token_prices was used for non-native tokens.
- Finally, the dollar volume bridged by each bridge was obtained.
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A total of over 2100 bridges have been made so far (both to and from the Flow blockchain). Of these, 77% were related to the blocto bridge and 23% were related to the cbridge.
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Out of 1638 bridges made by blocto bridge, 67% of bridges were bridged outside the Flow blockchain.
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Out of 485 bridges performed by cbridge, 84% of bridges were outside the Flow blockchain.
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In general, most of these bridges have been done outside the Flow blockchain.
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In terms of dollar volume bridged out of the Flow blockchain, about 98.5% was done by the blocto bridge. This was 98.5% equal to $6.46 million.
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In the daily graph of the dollar volume of bridges made outside the Flow blockchain, you can see an interesting pattern that a peak is always answered with a valley, and the only difference is the intensity of these peaks and valleys.
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In terms of bridged tokens, RLY and USDT seem to have the largest bridged volume among tokens.
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Of the 3.9 million dollars bridged to the Flow blockchain, the shares of the bridges were very close. 52.5% is entered into the Flow network with the blocto bridge (2.05m) and the remaining 42.5% with the cbridge bridge (1.85m).
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The peak and valley pattern that existed in bridges outside the Flow blockchain is not seen here at all. What is more visible in this chart is that on most days the blocto bridge had the highest one, but on certain days, the absolute superiority of the cbridge bridge caused a significant amount of dollars to be bridged to the Flow blockchain and the percentage of this bridge in Bring the total volume bridged to this blockchain close to the percentage of the blocto bridge.
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In terms of bridged tokens, FLOW, BLT, USDT seems to have the largest bridged volume among tokens.