Inflows and Outflows (redux)

    -- What is the volume of ETH and three stablecoins of your choice that's moved between the Optimism -- network and the Ethereum network across the bridge? -- How has that changed over time? Note any interesting trends or outliers that you see.

    Methodology

    • We look at the ETH and USDC token transfers to the respective contract addresses

      '0x25ace71c97b33cc4729cf772ae268934f7ab5fa1' -- Optimism --> ETH
      '0x99c9fc46f92e8a1c0dec1b1747d010903e884be1' -- ETH --> Optimism
      
    • We look at number of transfers, number of wallets transferring and the total amount transferred for the past 90 days.

    Conclusion

    • Most of the users are bridging from Ethereum to Optimism for both ETH and USDC.
    • Very minimal bridging volume is going from Optimism to Ethereum.
    • Seems like Optimism is the new home for a lot of Ethereum users.

    ETH Transfers

    • In total 350M $USD worth of $ETH tokens have been transferred from Ethereum to Optimism in the past 90 days.
    • Only 50M $USD worth of $ETH tokens have been transferred from Optimism to Ethereum in the past 90 days.
    • The highest number of transfers were seen on 26 Oct, 2022 with 776 transfers going from Ethereum → Optimism and only 6 transfers going from Optimism → Ethereum.
    • The highest number of users transferring was seen on 26 Oct, 2022 as well with 714 wallets going from Ethereum → Optimism and only 2 wallets going from Optimism → Ethereum.
    • The highest amount of bridge volume was seen on 04 Aug, 2022 as well with 104M $USD going from Ethereum → Optimism and only 441K $USD going from Optimism → Ethereum.

    Stablecoin Transfers

    • The most popular stablecoin in terms of transfer volume($USD) for OP → ETH and ETH → OP is USDC

      • ETH → OP is 440M $USD and OP → ETH is 220M $USD.
    • The most popular stablecoin in terms of number of transfers for OP → ETH and ETH → OP is USDC

      • ETH → OP is 3K $USD and OP → ETH is .3K $USD.
    • The highest number of transfers were seen on 04 Aug, 2022 with 140 transfers going from Ethereum → Optimism for $USDC.

    • The highest number of users transferring was seen on 04 Aug Oct, 2022 as well with 129 wallets going from Ethereum → Optimism.

    • The highest amount of bridge volume was seen on 05 Aug, 2022 as well with 80M $USDC going from Ethereum → Optimism.

    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...