📋 INTRO

The interchain bridge of the Celer network (cBridge) is one of the most important inter-chain bridges that connects users with different networks. Users can transfer their assets between different chains through this platform by paying a very low transaction fee. In this dashboard, we are going to check the performance of this bridge on different networks. We intend to check countable data such as the number of users and the number of executed bridge transactions, as well as the volume of bridge transactions executed by this bridge between different networks. We want to see what assets are transferred between different chains by this bridge and which chains are the origin and destination of these assets. We will check new users and explore other data such as top users and depositors' interaction.

📜 METHOD

In this dashboard, we used the Flipsidecrypto.xyz database and all the statistics called are from the source of this platform.

🔑 We Will Learn On Avalanche

In this dashboard, we reviewed one of the most important bridge platforms on the Avalanche chain. As we shall see, since the beginning of November 2022, this platform has revived its good performance on this network. Nearly $1B assets have been bridged through this interchain bridge between Avalanche and various other chains, and more than 75,000 unique users have used this bridge to bridge assets, and about 180,000 bridge transactions have been executed on this platform. The desire of users to import assets through this bridge is more than to leave it. More than $230M in assets have been moved by new users through this platform. The most important feature of this platform is the low fee. Many networks such as BSC, Ethereum and Polygon and popular layer 2 networks such as Arbitrum and Optimism interact with the Avalanche network through this bridge.As mentioned currently, cBridge is the seventh best inter-chain bridge in the Avalanche network, and the average monthly bridge volume on this platform is about $20M. On average, about 2,000 unique addresses use this bridge every month. And on average, more than 5,000 bridge transactions are executed on this platform every month.

🔑 We Will Learn On Polygon

In this dashboard, we checked the performance of the cBridge inter-chain bridge on the Polygon chain. More than $1.5 billion in bridge volume between Polygon and other networks through cBridge. More than 175,000 unique users and more than 0.5 million executed transactions are the results of the performance of the cBridge platform on the Polygon chain. A significant increase in users and the number of transactions entering the network from November 2022, as well as an increase in the volume of entering the network from the mentioned date, an increase in the number of new depositors and significant deposits, as well as significant withdrawals by new users of this platform, an average of more than 18,000 deposit transactions. Executed per month and more than 5,000 withdrawal transactions per month, monthly usage of about 15,000 users of this platform on average per month..... These statistics are part of the performance of the cBridge platform, which we will learn in the rest of this dashboard.

🔑 We Will Learn On Optimism

In this dashboard, we checked the performance of cBridge on the Optimism network. Nearly $1 billion of bridge volume has been implemented by more than 40,000 users and during more than 85,000 bridge transactions in interaction with the Optimism network. The increase in the number of depositors compared to withdrawers can be seen over time. Over time, we see the growth of new users on this platform interacting with the chain of optimism. The interaction of the users of this platform on the Optimism chain with Arbitrom, BSC and Polygon networks is significant. Stablecoins USDC, USDT and LYRA token have the most interactions with the Optimism chain through the cBridge platform. Of course, in terms of volume, the performance of the USX token is significant. The net flow of +$250 million to the Optimism chain shows that more users are willing to bring their assets to Optimism.

Dash Link On Twitter:https://twitter.com/omid_raze/status/1691833672989635032?s=20