Hop Protocol

    Unique users that called Hop Protocol's SendToLayer2 function were determined as unique users that have bridged to layer2's using Hop Protocol. The number was found to be approximately 55000 users.

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    The three notable days involving the most volume bridged on Hop Protocol were January 13th 2022, February 24th 2022 and June 1st 2022. On January 12th 2022, Gnosis began their rewards program on SushiSwap. February 23rd Yearn launches on Arbitrum with Hundred Finance launching a Gnosis liquidity incentive on the 24th. Finally, June 1st 2022 we saw the drop 1 of Optimism Token.

    The most bridged token was found to be ETH followed by USDC.

    Overall, there seemed to be no clear pattern regarding which assets were being bridged through Hop at various times. Simply, ETH is most likely favoured for gas-related reasons.