Overview of analysis:

The xDai bridge on Ethereum is a fantastic tool for developers and users alike, as it allows for a seamless transition between the Ethereum mainnet and the xDai network in a secure and reliable way. By connecting these two networks, users can easily access the best of both worlds – the xDai network’s scalability and lower transaction costs, and the Ethereum network’s reliable reliability. In this analysis, the precise analysis related to the xDai bridge on the Ethereum network has been presented.

This analysis is divided into the following parts:

• Stats of xDai bridge
• User behavior
• Application of xDai on Ethereum
• Various receiver types of xDai bridge

Methodology:

To handle this analysis, the data from Flipsidecrypto has been utilized. The following steps have been used in this analysis:

Step 1: Determine the xDai bridge

       TO_ADDRESS = lower('0x4aa42145Aa6Ebf72e164C9bBC74fbD3788045016')

Step 2: Determine the stats related to the xDai bridge on the Ethereum

• Metrics-> TVL of xDai bridge, Transfer path, average sender per day, average bridge volume per day, overtime analysis.

Step 3: Application of xDai on the Ethereum chain

• Metrics-> Most popular sectors and programs by xDai on Ethereum, trade analysis.

Step 4: User behavior

• Metrics-> Distribution of senders by the count of use and volume, wallet creation reason

Step 5: Various receiver type including same address or alternative address

About xDai bridge:

xDai is a blockchain known as Gnosis for stable or fixed payments designed for cheap and fast transactions. The token xDaiis used for transactions, payments, fees, and of course stickers (to support the consensus algorithm, the evidence of stock proof (POS).

Token xDai is an ideal currency code for everyday transactions and payments. The fees are very low and the payments are very fast. The price of the xDai token is also $ 5 fixed. Its appropriate tools are applicable to the pair of Crypto and Fiat currency; Users only need token xDai to complete payments.

XDai bridge the connected the Gnosis chain of the Ethereum mainnet. This causes two -way transmission between these chains; The tokens are obtained on the mainnet, then connected to the XDai fixed chain using each DAI-XDai bridges to transactive or omnibridge token to allow any inter-chain transfers. As soon as the user finishes sticker or transaction transfer, the tokens can easily connect to the mine net easily.

xDai Chain features include:

• The peer to the peer payments: Fast and effective payments are possible using token XDai.
• Social Currency: Providing a Chinese block solution for trading and local exchanges.
• Platform for Forecasting Markets: Floating prices eliminate the transactions and this will lead to more participation.
• Platform for Chinese Block Games: The user interface with more reactive, micropymontal or small payments and predictable inter -chain transactions are provided in this stabilization ecosystem.
• Governance of Decentralized Independent Organizations (DAO): Voting on the Chain and Management of Decentral Independent Organizations
• Producing NFT token and transferring them

Ref

Note:

The time frame of this investigation can be changed between (7, 15, 30, 60, 90, and 180 days) by logging into the Flipsidecrypto. Also, the time basis of this investigation can be changed between Day, week, and month. By default, the time period is considered for the past 60 days on the daily basis.