Try Quests to earn cryptoAcross Protocol Airdrop
Introduction
What is Across Protocol?
Across is a cross-chain bridge for L2s and rollups secured by UMA's optimistic oracle. The optimistic design means that no matter how many people are participating in the bridge, it only takes one single honest actor to dispute a false claim. Across is able to offer extremely fast bridging.
Across is the fastest, cheapest and most secure cross-chain bridge for Ethereum, Arbitrum, Optimism, Polygon, Boba and other Layer 1 and Layer 2 networks.
What is $ACX token?
ACX is an ERC-20 token designed to govern the decisions that affect the function of Across Protocol as well as the decisions that manage the DAO’s treasury.
ACX token just got listed on Mexc Global and I hear the initial price trend is good. Also this cex is having a deposit to earn event for ACX at the moment.
Source: across.to
Methodology
in this dashboard we use ethereum database tables available on flipside, we analyze the Across airdrop status.
Technical:
> Ethereum Tables: > > ethereum.core.dim_labels > ethereum.core.ez_token_transfers > ethereum.core.fact_hourly_token_prices > ethereum.core.fact_transactions > ethereum.core.fact_event_logs > > Contract Address: > > 0xe50b2ceac4f60e840ae513924033e753e2366487 > > 0x44108f0223a3c3028f5fe7aec7f9bb2e66bef82f
Findings
In this section, we analysis the status of the number of airdrop claimers and the number and volume of airdrop transactions in different charts. The highest number of claimers was on November 28, 2022. On this date, 699 users have made Across Airdrop claim transactions with a volume of 3.1 million ACX. On November 29, 209 claimers have claimed 394.9 thousand ACX from Airdrop Across. On November 28, the price of ACX token was $0.09, on November 30, it lost more than 50% of its value and reached $0.04.
Within 4 days, 3.6 million ACX tokens have been claimed. There are 111.4 million ACX tokens remained for the airdrop. Due to the decrease in the value of the ACX token, it seems that users do not want to claim the ACX token.
Findings
In this section, we analyze the hold status and destination of users after airdrop claim in different charts.
39.9% of claimers have kept their ACX tokens and 60.1% of claimers have sold their tokens. 65.8% of claimers have taken their tokens to DEXs and 34.2% of claimbrs have transferred their tokens to exchanges (CEX). The highest number of claims was on November 28 at 14:00 UTC, during which time 55 claimers transferred their tokens to exchanges. In the previous section, we said that the price of the ACX token was $0.09 on the opening day, November 28, and on November 30, it lost more than 50% of its value. We said that 55 claimers quickly transferred their tokens to the exchange to sell after the claim. Due to the bear market situation and the uncertainty of the future of the market due to the events that happened in the last few weeks for the FTX exchange, most of the users prefer to quickly transfer and sell the airdropped tokens after the airdrop.
Findings
In this section, we examine the behavior of users after airdrop claims of ACX tokens in different charts.
In the charts, we can see that almost 40% of users have performed the transfer operation and 17% of the users have performed the swap operation. 869 transfer transactions and 306 swap transactions have been done.
In the previous section, we said that the price of airdropped ACX tokens was 0.09 dollars on November 28, which lost 60% of its value after 2 days and reached 0.04 dollars.
For this reason, most of the claimers, their first action is transfer or swap in order to avoid more losses and get more profit from the claimed tokens.
Findings
In the diagrams of this section, we examine the three platforms of Across, Hop and Synapse from different aspects.
In "TVL by Platforms [USD]" and "Share of TVL by Platforms [USD]" charts, we see the TVL status of all three platforms. The total TVL platform is 79.5 million dollars. TVL platform hop is 60.01 million dollars. And TVL of Synapse platform is 96.6 million dollars.
In "Daily Number of Bridges Transactions" chart, we see the number of bridge transactions for all three platforms on a daily basis from September 2, 2022. The highest number of daily transactions is related to Hop platform. And Synapse platforms are slightly ahead of Across platform. On November 20, 2358 bridge transactions have been processed on Hop platform and 1156 bridge transactions have been processed on Synapse platform. And on this date, only 339 bridge transactions have been done in Across.
The amount of bridge transactions on the Synapse platform is more than 916 million dollars and on the Hop platform it is 125.8 million dollars. The volume of bridge transactions on the Across platform is 76.6 million dollars, which is less than the two competing platforms. The Synapse platform has performed better than Hop and Across platforms, which has been able to absorb this amount of bridge transactions.
Conclusion
In this dashboard, we analyzed the status of airdropped tokens of Across platform. We saw that out of 115 million ACX tokens that were intended for airdrop, almost 3.6 million tokens have been claimed by users. We observed that most users tend to transfer and sell their tokens to the exchange as soon as possible after claiming the token due to the sharp drop in the value of the token in the following days. Some of the items we reviewed in this dashboard:
> Total Number of Airdrop Claimers: 967 > > Total Volume of Across Airdrop: 115M ACX > > Total Remaining Volume of Across Airdrop: 111.4M ACX > > Total Volume of Airdrop Claimed: 3.6M ACX > > Average Volume of Airdrop Claimed: 3720 ACX > > Average Number of Airdrop Claimers Per Day: 242 > > Average Volume of Airdrop Claimers Per Day: 0.9M ACX > > Across TVL: $79.6M