Arbitrum Bridges

-- Select at least 2 bridges in use for step 1 of the Odyssey (for example, Hop, Across, Hashflow). -- Compare these two bridges by total transactions and total transaction amount.

Methdology

Look at example Deposit Transaction to 0x4d9079bb4165aeb4084c526a32695dcfd2f77381
- Example Tx: 0xdcb33cb44b5325c7decf0ff404f422a2ad4abd975dc12c5e2679c1390883a399
Find the Decoded Input Data, note destinationChainId uint256 42161
Decode data using helper function to find the destination Chain Id.
Credit to PineHearst for the IDs https://discord.com/channels/784442203187314689/927120619617804298/988120630522167296
Note there only seems to be WETH being bridged, there isn't any other token.
We are comparing Hop vs Across Arbitrum Bridges

Transaction Frequency

Hop Bridge for Arbitrum clearly has more transaction frequency.
Month of June saw the most activity with 103K transactions for hop bridge vs 11k for across bridge.
In the previous months we only saw volumes around ~5K mostly for Hop Bridge.
Till date there have been 11K bridge transfers for across vs 136K for Hop

Transaction Volume

Hop Bridge for Arbitrum clearly has more transaction volume as well.
Month of Jan 2022 saw the most activity with 95M $USD for hop bridge vs 4M for across bridge in June 2022.
In the previous months we only saw some huge volume that were variable mostly for Hop Bridge.
Till date there has been 502M $USD transferred across for Hop bridge, whereas across bridge only accounts for like ~5M $USD

flipside

flipside

Arbitrum Bridges

Methdology

Transaction Frequency

Transaction Volume