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    Terra.Wormhole.Swing.and.Miss

    The Wormhole is the bridge between the various blockchain networks. Using this bridge, the cryptocurrencies or tokens on the source blockchain can be converted into equivalent tokens in the target network. A Wormhole is a way of transferring assets between a root chain and several foreign chains. The wormhole does this with the help of intermediaries called Guardians. Warmholm is not a blockchain network, but it uses blockchain networks for which it has built a bridge to provide security. All information on this platform is stored as anchor on Solana blockchain networks. A request is approved when two-thirds of the Guardians sign it.

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    Intro:

    In this dashboard, the percentage of successful and unsuccessful transactions via Wormhole bridge are estimated based on the available data on Flipside nation.

    In the solving process of this query, the main or source blockchain is considered as Terra blockhcain. After that, the transactions from Terra network to Solana, BSC, Ethereum and Polygon are tracked in detail.

    The summary of results are demonstrated in the following parts.

    In the first part, the application popularity of Wormhole bridge among users of various blockchains is investigated and presented in this chart. As shown in this chart, the Solana network with 18767 usage of Wormhole bridge is in the first place. However, the Ethereum network with application number of 1608 has the lowest usage.

    The success and failure rate of transactions on Wormhole bridge for each of the target blockchains are clarified in this bar-type figure. According to this figure, Solana network with failure rate of 6.25 % has the highest failure rate among other networks. Also, BSC network has the highest level of success with 95.80 % from its transactions.

    The detailed results of Wormhole application for different blockchains are listed in this table. This table contains the number and percentage of successful and unsuccessful transactions. By using the results of this table, the Sankey diagram of transactions via Wormhole bridge is drawn as below.

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    The Sankey diagram of transactions on Wormhole bridge is demonstrated in this figure. As can be seen from this illustration, The source node of diagram is considered as Terra blockchain and the targets are Solana, Polygon, BSC and Ethereum networks. Each of the mentions networks clarified with different color to track the process efficiently.

    Conclusion:

    The application of Wormhole bridge has become more and more popular between crypto users. The efficiency of Wormhole bridge in specific with various blockchains is calculated based on the transactions. The solana network has the highest usage of Wormhole bridge among transactions from Terra blockchain.

    The overall performance of Wormhole bridge is acceptable but in some cases it has to improve.