Blockchain technology has been hailed as one of the most transformative technological advancements of the last decade. However, its potential has been limited by the lack of interoperability between different blockchain networks. Bridging platforms have emerged as a solution to this problem, enabling different blockchains to communicate and transfer value between each other.

Recently, the blockchain community has witnessed the launch of a new bridging platform called Squid Protocol. Squid Protocol aims to bridge different blockchain networks, enabling seamless communication and transfer of value between them. Squid Protocol is not alone in this field, as there are several other bridging platforms that have gained traction in the market. These include Thorchain, Stargate Finance, Celer Network, Anyswap, Hop Protocol, Synapse, and Wormhole.

The launch of Squid Protocol has garnered attention in the blockchain community due to its unique approach to bridging different blockchain networks. It utilizes a unique architecture that enables it to provide faster and cheaper cross-chain transactions compared to other bridging platforms. The Squid Protocol also boasts of advanced security features that ensure the safety of users' funds during transactions.

This dashboard provides a comprehensive overview of the top bridging platforms involved in the race for blockchain interoperability. It examines the features and capabilities of each platform, providing a detailed comparison of their strengths and weaknesses. Additionally, it offers insights into the recent developments in the bridging platforms market, including the launch of Squid Protocol and its potential impact on the industry. Whether you're a blockchain enthusiast or an investor, this dashboard is an essential resource for staying up-to-date on the latest trends in the blockchain bridging space.

Concretely, the dashboard is about an overview of the activity of the top bridging platforms, including Squid Protocol, Thorchain, Stargate Finance, Celer Network, Anyswap, Hop Protocol, Synapse, and Wormhole, since the launch of Squid Protocol. The dashboard displays key metrics such as active and new users, transactions, and volume, and allows the reader to choose the granularity of the data displayed, including daily, weekly, or monthly.

The dashboard offers a comprehensive view of the bridging platforms' activity, providing users with valuable insights into the market trends and performance of these platforms over time. Users can track the growth of the platforms since the launch of Squid Protocol, compare the metrics of different platforms, and identify trends in the bridging market.

The metrics calculated by the dashboard provide a holistic view of the performance of each platform, enabling users to make informed decisions about investing or utilizing these platforms for their blockchain interoperability needs. Active and new users give insight into the user adoption and growth of each platform, while transactions and volume provide an overview of the activity and value transferred through each platform.

Upon analyzing the results obtained from the dashboard, we can see that Squid Protocol has performed well since its inception, surpassing Anyswap in terms of the number of transactions and volume. However, when compared to other bridging platforms such as Celer cBridge, Hop Protocol, and Stargate, the numbers are relatively low, with some bridges achieving more than 100k or even 1M transactions.

In terms of active users, Squid Protocol has again outperformed Anyswap and Thorchain. However, the Thorchain numbers are worth noting, as they seem to be higher in transactions but lower in active users, indicating that bots could be involved in some of the platform's transactions.

The dashboard analysis reveals that the number of transactions on Squid Protocol has been steadily increasing since its inception. Currently, the platform is registering over 100 weekly transactions, which is significantly higher than Anyswap. However, other bridging platforms such as Synapse and Wormhole have been recording over 1k weekly transactions, while Celer and Hop protocol, Thorchain, and Stargate have been recording over 10k and 100k transactions respectively.

In terms of active users, Squid Protocol has been gaining ground against its competitors. The number of active users on the platform has been increasing over time, and Squid has recently surpassed Thorchain in terms of weekly active users. However, the platform still lags behind other bridging platforms such as Stargate, Hop, and Celer, which have over 10k active users weekly.

The dashboard analysis reveals that Squid Protocol is gaining ground in terms of new users joining the platform. The platform has surpassed Anyswap and Thorchain in terms of new users and is now approaching the numbers of Synapse and Wormhole. However, it still lags behind the top bridging platforms such as Stargate, Celer, and Hop.

As Squid continues to attract more users to its platform, it will be interesting to see how it compares to other bridging platforms in terms of user acquisition. The dashboard provides users with the ability to explore these trends over time and compare them to other bridging platforms.

1. Squid Protocol's performance: Squid Protocol has shown promising growth since its launch and has surpassed Anyswap and Thorchain in terms of transactions, active users, and new users. This is an indication that Squid is making progress in the market and is gaining traction among users.

2. Dominance of top bridging platforms: While Squid's performance is encouraging, the dashboard analysis reveals that it still lags behind the top bridging platforms such as Stargate, Celer, and Hop in terms of transactions, active users, and volume. These top bridging platforms have already established themselves in the market and have a large user base. Therefore, Squid needs to continue to improve and evolve to stay competitive in the market.

3. Growth over time: The dashboard analysis also shows that the number of transactions and active users on Squid is increasing over time. This is a positive trend and indicates that Squid is gaining momentum. However, it still lags behind other bridging platforms in terms of growth, which highlights the need for Squid to continue to improve its services and attract more users.

4. Promising trend in new users: Squid is making progress in attracting new users to its platform, and this is a promising trend. While it still lags behind the top bridging platforms in terms of new users, the fact that Squid is gaining ground and approaching the numbers of other platforms is a positive sign.

5. The usefulness of the dashboard: The dashboard provides users with the ability to explore the trends of the bridging platforms over time and compare them to each other. This information can be useful for investors, developers, and other stakeholders to make informed decisions about their involvement with these platforms.

When it comes to volume, Squid Protocol has only surpassed the 1M USD mark, putting it ahead of Anyswap but still far behind bridging platforms such as Thorchain, Stargate, and Celer cBridge, which have achieved numbers over 1B USD.

It is important to note that the dashboard allows for further exploration and analysis of the data provided. Users can select different time frames and granularities to gain deeper insights into the performance of each bridging platform. Additionally, users can compare the strengths and weaknesses of each platform to identify which one best suits their needs.

When it comes to volume, Squid Protocol is still in its early stages, and the numbers are negligible compared to the overall bridged volume weekly. The leaders in terms of volume are Celer, Stargate, Hop, and Thorchain. Although Squid's line is present, it is still far behind the leaders.

It is worth noting that the dashboard allows users to explore these trends in different time frames, such as daily or monthly. This can provide a more detailed picture of the trends and performance of each bridging platform. Furthermore, users can also compare the metrics across different bridging platforms to identify which one best suits their needs.

In conclusion, while Squid Protocol has been steadily increasing in terms of the number of transactions and active users, it still lags behind other bridging platforms in terms of volume. As the platform continues to develop and attract more users, it will be interesting to see how it compares to other bridging platforms in the future.