The aim of this dashboard is to find out where do people go when they bridge to Polygon from Ethereum and what are the 10 most popular first destinations for Polygon addresses that have just bridged from Ethereum.

Method

• In this dashboard, the official bridge between ETH and Polygon is considered for analysis.
• When ETH is being bridged from Ethereum to Polygon, WETH is received to the address of the user from the null address (0x0000000000000000000000000000000000000000).
• When Weth is being bridged back to Ethereum form Polygon, the WETH on polygon is sent to the null address and received on Ethereum.
• For each address on Polygon, when it receives Weth from the null address, was considered as bridge ETH to Polygon. these transactions were identified from polygon.core.fact_token_transfers table.
• This transactions were considered for analysis:
  • The first transfer transaction destination of WETH after the bridge.
    • Extracted from polygon.core.fact_token_transfers
  • The first transaction that has been made after the bridge
    • Extracted from polygon.core.fact_transactions
  • The first transaction that has been made after the bridge and its event names
    • Extracted from polygon.core.fact_transactions & polygon.core.fact_event_logs
• The destination tag names were added manually.

🌱As of this writing, the min block time of the polygon database used for this analysis is 2022-06-06.

The first destinations of ETHs that were bridged from Ethereum and received as WETH on polygon are shown in the following charts:

• 23.7% of first WETH transfer transactions after bridge to polygon are bridging back to Ethereum transaction!
• 57.8% of those transactions were made within 24 hours.
• Swappin and Liquidity providing on UniSwap is the second most WETH transfer transaction after the bridge.
• Swapping on 0x and using Metamask is the next most common transfer.
• About 10.2% of transfers are to the OpenSea platform.

The first transaction after each bridge transaction:

• The most common first transaction after bridging ETH is with Hop Protocol.
• Metamask and quick swap routers are next.

Contract and event name of the interaction with it for the first transaction after each bridge:

Each transaction may have more than one event. all are included.

• The most common event with contract is transferring via Metamask router.

Summary and Conclusion

Generally, The most common first transactions after bridging to polygon are:

• Bridging back to ETH via Official bridge
• Bridging using HOP
• Swapping with Metamask, Uniswap, 0x exchange, Quickswap
• Spending on OpenSea platform