Bridge Users (Hop Protocol)

How many unique users have bridged to L2s using Hop? What days in the past 6 months have seen the most volume bridged, and were there any specific events that may have driven these spikes? Which assets have been bridged the most? Show an analysis of the asset distribution of bridging through Hop.

Introduction

What is Hop Protocol?

Hop allows users to quickly and easily transfer tokens directly between layer-2s, sidechains, and layer-1 Ethereum. The Hop protocol provides a scalable token bridge for Ethereum’s layer-2 ecosystem using a two-pronged approach. one Create a special intermediary asset called an hToken (e.g., hETH, hDAI, etc.) that can be quickly and economically moved from one network to the next. Two use Automated Market Makers (AMMs) to swap between the hTokens and their corresponding assets on each layer-2 network.

Methodology

We will look at the bridging events on Hop protocol over time
We are looking to to see the following metrics
- Daily Users
- Daily volume
- Daily bridging event
- Top assets bridged

Hop Bridging Metrics

Conclusion

The number of transactions on Hop per day has been continually increasing since July of 2021.
Most days there are between $1 and $4 Million of value sent over Hop each day.
Around 90% of asset value sent over Hop are Stablecoins.

Observations

Most days there has beeen between 100 and 400 Hop transfers.
Since the start of 2021each day there as been very close to 100 Users per day.

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