Will be Flow the Next Stop?

    Introduction

    In this analysis, I examine the bridge activities on the Flow blockchain, a rapidly growing blockchain network that supports the development of decentralized applications and digital assets. The use of bridges, which enable the transfer of assets between different blockchain networks, is an important aspect of the overall functionality of the Flow blockchain.

    To gain insight into the effectiveness and impact of these bridges, I have identified several key parameters that will be explored in this analysis. These parameters include the number of transactions/users, volume of assets transferred, types of tokens bridged, origin and destination chains, user breakdown, and post-bridge activities.

    By examining these parameters, we hope to gain a better understanding of the adoption and usage of the Flow blockchain, as well as the potential impact these activities may have on the growth and development of the network.

    What is Flow Blockchain?

    Initially intended for gaming, Flow is a blockchain platform that has grown beyond its 2020 launch. It offers fast and inexpensive transactions, as well as smart contract support. NBA Top Shot, an NFT offering, is among the blockchain applications powered by Flow. FLOW is the native cryptocurrency that trades under the symbol FLOW.

    To make informed investment decisions regarding FLOW, it's crucial to comprehend Flow's inner workings and how it stacks up against the top blockchains. This article takes a more in-depth look at both the cryptocurrency and blockchain platform known as Flow.

    Method

    Every activity related to bridges has been documented in the bridge table. However, the only issue is determining the corresponding amount in USD. To address this, I merged my findings with the Price table and computed each symbol's bridged amount in USD.

    About a year ago, I examined Bridge Activities on the Flow chain, but this Analysis is different, and I looked for any changes from then. You can find it in the below link: https://app.flipsidecrypto.com/dashboard/bridge-volume-flow-gJPgov

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