How Many Times was Hop used? (Hot on ETH Week Day 2)

    Q12. How many times was the hop protocol used in 2022 in order to bridge funds to layer2?

    Introduction

    • A protocol that enable you to sending tokens across rollups and their shared layer-1 network in a quick and trustless manner

    Method

    • In this dashboard we are looking at the amount of times that was the hop protocol used in 2022 in order to bridge funds to layer2 by Use Ethereum_core tabels.

    & by the following Hints:

    • contract address for ethereum bridge for Matic : 0x22B1Cbb8D98a01a3B71D034BB899775A76Eb1cc2 MATIC contract address on ethereum: 0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0 Event name that sends token from user's wallet to the bridge is 'Transfer' Event name that sends token from the bridge to the layer 2 wallet is 'TransferSentToL2'

    Analysis

    Observation

    • The amount of times that was the hop protocol used in 2022 in order to bridge funds to layer2 is more than 790K times.

    • The day of Jan 13, take the must tx in Hop protocol in more than 18.5K in day.

    • As the same of above chart the amount of times used this bridge is in a downtrend in 2022 that can be because of condition of market or their competitor or both of them.

    Discord: 0xHaM☰d#8391

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    • In the following chart the amount of times that hop protocol used in 2022 in order to bridge MaATIC$ from layer1 to layer2 is calculated.
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