An analysis exploring bridging transactions going through CCTP by cloudr3n
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Introduction
What is Cross-Chain Transfer Procotol?
Circle has been working on issuing the USD Coin natively across multiple blockchains, most recently on Arbitrum, for a long time. This greatly reduce the need (and risk) related to using bridged USDC or USDC.e
In addition, this enabled Circle's new CCTP which allows users to burn and mint USDC natively across connected chains, increasing USDC's interoperability!
Blockchain Integrated:
Ethereum
Avalanche
Arbitrum
Optimism
Base
Noble (NEW)
CCTP is now live across many of your favourite bridges such as Bungee, Synapse, Metamask, Wormhole and many more!
Dashboard Summary:
Overall Bridging Stats
Unique Users
How long does transactions take?
Who are driving transactions through CCTP? (bridges)