Try Quests to earn cryptoHop Protocol Token Bridge Transactions Into L2 Chains
Methodology
On this dashboard, we will try to discover the total transactions of token that bridge into L2 Chains (Polygon, Arbitrum, Optimsim etc..) using Hop Protocol. How many transactions does happen on Hop protocol to bridge token into L2 chains in 2022 ? what kind of L2 chains is the favorite destination for particular tokens ?
By Total transactions $USDC is dominated to bridge fund into L2 chains, with $MATIC, $DAI and $USDT in order. now, let's see how does this number change over time
$USDC and $MATIC transactions is fluctuated in range of 20-50 transactions in a day. while $USDT and $DAI is only 3 - 20 transactions in a day
Now, let's see the total and daily transactions tokens per chains.
The favorite destination for $DAI is into Gnosis chain that dominated for 34% of all transactions on 2022, with polygon and arbitrum with more than 20% and the last is optimism with only 16%. For gnosis itself there is one day that the total transactions is huge on 12-Feb with 45 transactions. while into other chain on that day is only 2 transactions into polygon and 4 transactions into optimism
For $USDC token, the favorite destination is arbitrum and polygon with almost the same amount 1400+ transactions in 2022 or 34% of all transactions on hop protocol. with optimism on the third place with 22% and the last is gnosis.
For $USDT is almost the same as $USDC. with polygon and arbitrum is dominated by total transactions in 2022 and dominated than other chains with 30+%. and optimism with 22% and the last is gnosis with 8% only or 79 transactions in 2022.
The destination for user that bridge $MATIC tokens is only 2 chains (Polygon and Gnosis). with Polygon transactions is dominated with 99% of it. while on Gnosis there is only 0.2% of all transactios or only 6 transactions that happen to bridge $MATIC into Gnosis.