Bridge Volume (Flow)

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    What Will You Read?

    In This Analysis, You Will Read about Flow bridges.

    We want to know what is the gross bridge activity (in USD, by day) for Blocto Teleport and cBridge to and from the FLOW blockchain? 

    What is Flow?

    Flow is a new blockchain built for the next generation of apps, games, and the digital assets that power them. Start Building.

    Written By Hess - Reading Time Almost 8 Min

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    Method:

    • I found two types of tokens bridged from Flow and To Flow to another network. Some of them are Native and some of them are non-Native. I found Native token prices from the Flow price table and non-native token prices from the Ethereum price table.
    • There is a table in Flow tables that shows all inbound and outbound bridge transactions. I Joined two tables together and calculated the volume in USD.
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    • Bridge Overview (Blocto Teleport and cBridge From Flow)
    • First, take a quick glance at Flow bridges, Then let’s examine what happened through these bridges.
    • Bridge Overview (Blocto Teleport and cBridge To Flow)
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    Daily Number of Unique users (To Flow)

    • The below chart shows the total number of cBridge and Blocto.
    • As you can see most users have used Blocto bridge.
    • The numbers aren’t too big but the highest number of users that used Blocto was 11 Unique wallets.
    • The highest number of users that used Bridge was 4 unique wallets on June 1st.
    • In April, Users only used Blocto but recently there were more activities on cBridge.
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    The Total Number of Bridge usage (To Flow)

    • The below chart shows the total daily number of bridge usage.
    • The trends were like the previous chart.
    • The highest number of usage for Blocto was 19 usages on June 19th and for cBridge was 8 usages on June 1st.
    • It seems more usage is happening lastly in two bridges in comparison to April and May.

    Total Daily Bridge Volume (To Flow)

    • The below chart shows the total daily bridge volume.
    • Until May 26th, the Most volume went troght cBridge.
    • But after that Time more volumes bridged from Bridge in comparison to Blocto.
    • There was a huge volume that bridged to Flow on June 29th within cBridge. About 45M dollars bridged to Flow.

    Total Daily number of Bridge users (Out Flow)

    • The below chart shows the total number of users that used Flow bridges.
    • More people use cBridge to bridge their funds out of Flow in comparison to those using this bridge to bridge their funds into Flow.
    • Until June 12th, Most users have used Blocto in comparison to Bridge.
    • After June 12th, Bridge becomes more popular than Blocto.
    • The highest number of users that used Bridge was 33 unique wallets on June 29th.
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    Daily Volume of Bridges (Out Flow)

    • The below chart shows the bridges volumes.
    • Most Volume went through Blockto bridge.
    • About 6.6M dollar bridged from Flow to another network.

    Conclusion

    • Most users have used Blockto in comparison to cBridge.
    • Most users have used cBridge to transfer their funds out of Flow.
    • Most Volume come to Flow with cBridge.
    • Most volume come out Flow with Blockto.
    • Still Blockto have higher number of Users in Comparison to cBridge.

    > # Thank You For Reading!

    Written completely by Hess

    Twitter_id: @hessaminanloo

    discord_id: hess#0890

    ENS: he3am.eth