Introduction

Welcome to the Hop Protocol Dashboard! This dashboard provides you with a comprehensive view of the performance of Hop, a mechanism for transferring tokens over a shared layer 1 network quickly and without trust. With Hop, you have the power to transfer digital assets and information from one blockchain to another, overcoming the interoperability challenges in blockchain technology. In this dashboard, we'll be tracking the Hop protocol's performance on Optimism, Ethereum, Polygon, and Arbitrum networks by collecting key metrics such as volume in USD, gas fees speed of the bridge, TVL, chain-wise and token-wise inflow & outflow, and more. Get an in-depth understanding of Hop's performance on each of these networks by exploring the Ethereum Hop Transfer Activity, Ethereum Hop Fee Activity, Arbitrum Hop Transfer Activity, Arbitrum Hop Fee Activity, Optimism Hop Transfer Activity, Optimism Hop Fee Activity, Polygon Hop Transfer Activity, and Polygon Hop Fee Activity sections. Stay informed and make informed decisions with the Hop Protocol Dashboard.

Terms

Volume in USD: This metric refers to the total value of all tokens transferred through the Hop protocol, measured in US dollars.

Gas Fees: This refers to the fees charged by the Ethereum network to process transactions on its blockchain. The speed of the bridge is affected by the gas fees, and this metric tracks the rate at which fees are charged.

TVL: Total Value Locked (TVL) is a metric that measures the total value of assets locked in a DeFi protocol. This metric provides an insight into the level of adoption and popularity of the Hop protocol.

Inflow & Outflow: This metric tracks the flow of tokens into and out of the Hop protocol, providing an understanding of the level of token transfers taking place on the network. The metric is measured chain-wise and token-wise, providing a comprehensive view of the protocol's performance.