Stargate Bridge Activity
An Insight into cross-chain Token Transfer
Introduction
Welcome to our on-chain analysis dashboard focused on Stargate Finance and its cross-chain bridges. In the rapidly evolving world of cryptocurrencies, investors and traders often find themselves holding digital assets on one blockchain while needing to use or invest them on another blockchain. This is where crypto bridges come into play, providing a solution to seamlessly transfer assets from one blockchain to another. Stargate Finance is a decentralized exchange that offers a fully composable native asset bridge, allowing users to add liquidity to different pools, stake assets, and transfer native assets across various blockchains. Our dashboard will provide insights into Stargate's performance across several prominent blockchains, including Optimism, Ethereum, Polygon, Avalanche, and Arbitrum. We will collect key metrics such as volume in USD, gas fees, the speed of the bridge, total value locked (TVL), and chain-wise and token-wise inflow and outflow. By tracking these metrics, we aim to provide a comprehensive overview of Stargate's performance on each blockchain. Our dashboard is divided into sections for each blockchain, with separate tabs for transfer activity and fee/TVL activity. We believe that this dashboard will be a valuable tool for investors, traders, and anyone interested in the performance of Stargate Finance and its cross-chain bridges.
Definitions
Crypto Bridges: Crypto bridges are a solution for transferring digital assets between different blockchains. They allow users to spend, swap, or invest assets on one blockchain that were originally held on another blockchain.Wrapped Tokens: Some crypto bridges create "wrapped" tokens that represent the original asset on the starting chain, making it compatible with the destination chain.
Stargate Finance: Stargate Finance is a decentralized crypto exchange with a fully composable native asset bridge. It allows users to add liquidity to various pools, stake assets, and transfer native assets across different blockchains.
Total Value Locked (TVL): TVL represents the total value of assets locked in a particular protocol or platform. It is a common metric used to measure the popularity and success of a DeFi protocol.
Inflow & Outflow: Inflow refers to the amount of assets moving into a particular platform, while outflow refers to the amount of assets leaving the platform. These metrics can be tracked for specific chains and tokens.
Gas Fees: Gas fees refer to the transaction fees paid to miners to process transactions on the blockchain. In this dashboard, we track gas fees for each blockchain to help users understand the cost of using Stargate's cross-chain bridges.
Transfer Activity: Transfer activity refers to the movement of assets between different blockchains using Stargate's cross-chain bridges. We track transfer activity for each blockchain to help users understand the usage and popularity of Stargate's bridges.
Fee/TVL Activity: This metric tracks the relationship between fees charged by Stargate and the TVL of the platform. It helps users understand the revenue generated by Stargate and how it compares to the overall popularity and success of the platform.
