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    Hop Protocol (Bridge Users)

    Q1. 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.

    Let's learn about Hope Protocol

    The Hop protocol provides a scalable rollup-to-rollup General Token Bridge using a two-pronged approach:

    1. Create a cross-network bridge token that can be quickly and economically moved from rollup to rollup or claimed on layer-1 for its underlying asset.
    2. Use Automated Market Makers to swap between each bridge token and its corresponding Canonical Tokens on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network. The combined approach allows users to quickly and trustlessly swap between layer-2 Canonical Tokens using the specialized bridge token as an intermediary asset.

    It works by involving market makers (referred to as Bonder) who front the liquidity at the destination chain in exchange for a small fee. This credit is extended by the Bonder in form of hTokens which are then swapped for their native token counterpart in an AMM. The end result allows users to seamlessly transfer tokens from one network to the next.

    https://hop.exchange/whitepaper.pdf

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    Method

    First I looked up the total unique addresses since last 6 month by refering to flipside_prod_db.ethereum_core.fact_event_logs

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    Oops! What happened with the Hop in June 01? Incredibly increased the amount of bridging. Let's going on more!

    We Found that high amount of Ethereums was sent to Hop Exchange have occurred at June 01 Probably it made of OP token Airdrop (Optimism Native Token)and token lunch, Another large amount was sent in February 24.

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    According to statisticsو Advancement of technology in the field of blockchain, especially in the field of bridge, has greatly helped to welcome users to the world of Cryptocurrencies. In a way, the emergence of platforms like Hop Exchange has opened the way to the new world by increasing the user level and reducing the network fee.

    Conclusion