Bridge Analysis

    Bounty Content :

    Q18. What tokens and blockchains are users interacting with when bridging to and from Flow?

    An analysis could include what protocols users are leveraging after bridging TO Flow from another chain, as well as what chains contribute to the most bridge volume. Or you could do the reverse, where are users going from Flow to another chain going? What were they interacting with on Flow before bridging out? 

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    • The number of bridge transactions has been increasing since June 6, and the bridge transactions has reached its peak at the end of June.
    • The total number of bridge transactions has reached 2052 transactions.
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    • Most bridge transactions were from/to Ethereum.
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    • 78% of the bridges were done with Blocto DAPP.
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    • The number of outbound bridge transactions is about 20 times more than inbound bridge transactions.
    • Since June 21, the number of outbound bridge transactions has grown a lot.
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    • 37% of transactions were for the bridging BloctoToken.
    • 25% of transactions were for Bridging USDT.
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    • The Volume bridge in USD has been a decreasing trend and the volume of outbounds has been higher over time.
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    • Total Volume in USD bridged : $ 3.7 M.
    • Total Volume in USD inbound Bridged : $ 1M.
    • Total Volume in USD inbound Bridged : $ 2.6M.

    Concolusion :

    From the above analysis, we get the following results:

    1. The total number of bridge transactions has reached 2052 transactions.
    2. Most bridge transactions were from/to Ethereum.
    3. 78% of the bridges were done with Blocto DAPP.
    4. The number of outbound bridge transactions is about 20 times more than inbound bridge transactions.
    5. 37% of transactions were for the bridging BloctoToken.
    6. 25% of transactions were for Bridging USDT.
    7. The Volume bridge in USD has been a decreasing trend and the volume of outbounds has been higher over time.
    8. Total Volume in USD bridged : $ 3.7 M.
    9. Total Volume in USD inbound Bridged : $ 1M.
    10. Total Volume in USD inbound Bridged : $ 2.6M.