Introduction

When you sign in to NFT platforms such as Rarible, they often have a wide array of projects across a range of blockchains and networks. As a result, you must have the appropriate currencies for the projects you want to purchase.

Some exchanges, like Binance, offer the ability to choose which network within your wallet you want to send your crypto to. Others such as Coinbase, there is no such option. As a result, your currencies may be almost unusable without moving them to the proper network. Link

So people have to change their assets from network to others that they needs.

Ethereum network is a expensive blockchain cause of Fees, so most of people prefer to bridge to Polygon because of more cheaper transactions fees.

In this dashboard I tried to trace the 10 most popular first destinations for Polygon addresses that have just bridged from Ethereum.

Method

In this dashboard I tried to find what happen to assets when bridged from Ethereum to polygon network.

To achieve this goal I Used fact_event_logs table on these networks and found transactions by same origin_from_address and Polygon.block_timestamp > Ethereum.block_timestamp.

Then after that I found the Functions used by users after bridged, tried to track transactions on Polygon Network on two most bridged volume amount, in Transfer & Swap.

So, Let’s look at the findings as below.

Analysis

Daily Top 10 Functions to conduct transactions

Vis 1 => 4:

In these Visualizes we can see the top 10 functions used to drive assets to the user's desired destination.

Conclusion

• More than 41% of bridged assets destinations are transferred, that followed by Approval by 24% and after that Swapping are the third destinations with more than 11% of transactions count.
• Hop Protocol with more than 97% shares of transactions are the most popular bridge from Ethereum to Polygon.
• And Polydoge are have had most volume bridged from Ethereum to Polygon with more than 74% of bridged volume amount.
• hop protocol: usdc l2canonicalbridgeis the first place on both categories in tx count and Swapped volume metrics.
• Balancer V2 is the first place on both categories in tx count and volume amount metrics. \n

About:

• Author: HaM☰d

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• Discord: 0xHaM☰d#8391

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• Twitter: @arjmandi_hamed

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• Email: h_arjmandi2012@yahoo.com

Q5. Where do people go when they bridge to Polygon from Ethereum?

• What are the 10 most popular first destinations for Polygon addresses that have just bridged from Ethereum?

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DONUT Charts:

In the following DONUT Charts the shares of transactions count and volume bridged amount for Transfer Function are shown.

Vis 5 => 8:

In the following graphs the count of transfer transactions, amount of transferred volume and shares of those are shown.

Hop Protocol is the most popular bridge with most count of transactions, Polydoge was the most in bridged volume and Quickswap most in used of Swapping.

Vis 10 => 11:

Cumulative growth of transactions count and amount of bridged volume are shown and growth in Polydoge and Hop Protocol are sharpen than others.

Top 10 bridged Destinations based on most volume amount

Top 10 bridged Destinations based on most transactions count

Vis 12 => 15:

In these visualizes the top 10 destinations for Swapped functions after bridged based on most volume Swapped amount are shown.

hop protocol: usdc l2canonicalbridge is the first place on both categories in tx count and Swapped volume metrics. \n

Vis 16 => 19:

In these visualizes the top 10 destinations for Liquidity functions after bridged based on most volume Swapped amount are shown.

Balancer V2 is the first place on both categories in tx count and volume amount metrics.

Vis 20 => 23:

In these visualizes the top 10 destinations for Swapped functions after bridged based on most tx count of Swapped amount are shown.

hop protocol: usdc l2canonicalbridge is the first place on both categories in tx count and Swapped volume metrics.

Vis 20 => 23:

In these visualizes the top 10 destinations for Liquidity functions after bridged based on most transactions Swapped count are shown.

Balancer V2 is the first place on both categories in tx count and volume amount metrics.