Question

How much volume has Hop bridged to Polygon, Optimism, and Arbitrum compared to those protocols’ native bridges?

What is Hop’s total TVL?

Create an analysis on the Hop’s TVL and how it’s changed over a time period of your choosing.

Data Analysis

Maximum USDC volume bridged to different chains:

• Dec 1, 2021: 1.67M to Arbitrum + 1.41M to Polygon + 116.56k to Optimism
• Prior to August 24, 2021, it was only possible to transfer assets to Polygon

The share of each chain in USDC transfers to them through HOP is equal to:

• Arbitrum:116M USDC + Polygon:92M USDC + Optimism:63M USDC

Maximum ETH volume bridged to different chains:

• Mar 28, 2022: 2,464 ETH to Polygon + 231 ETH to Arbitrum + 177 ETH to Optimism

The share of each chain in ETH transfers to them through HOP is equal to:

• Arbitrum:114k ETH + Optimism:45k ETH + Polygon:34k ETH

Maximum DAI volume bridged to different chains:

• Jan 7, 2022: 860k DAI to Optimism + 277k DAI to Arbitrum + 109k DAI to Polygon

The share of each chain in DAI transfers to them through HOP is equal to:

• Optimism:18M DAI + Arbitrum:10M DAI + Polygon:8M DAI

Maximum USDT volume bridged to different chains:

• Jan 28, 2022: 531k USDT to Arbitrum + 386k USDT to Polygon + 350k USDT to Optimism

The share of each chain in USDT transfers to them through HOP is equal to:

• Arbitrum:19M USDT + Polygon:12M USDT + Optimism:11M USDT

The chart below shows the daily TVL HOP Protocol.(from the beginning of 2022)

• Maximum TVL of Hop Protocol: Mar 28, 2022 - 91.5M $USD
• Prior to March 28, 2022, HOP's TVL had an upward trend and the amount of TVL was increasing day by day. But from March 28, 2022 onwards, HOP's TVL gradually declined to its lowest level in recent days.

HOP's TVL is currently equal to:

Methodology

• In this dashboard, the volume of assets bridged to different chains through Hop Protocol is analyzed. In the last step, TVL is obtained for this protocol.
• In this dashboard, the following tables have been used to extract data:
  • >> ethereum.core.fact_event_logs
  • >> flipside_prod_db.ethereum.erc20_balances
• The following addresses are used in this dashboard:
  • >> USDC:'0x3666f603cc164936c1b87e207f36beba4ac5f18a'
    ETH:'0xb8901acb165ed027e32754e0ffe830802919727f'
    DAI:'0x3d4cc8a61c7528fd86c55cfe061a78dcba48edd1'
    USDT:'0x3e4a3a4796d16c0cd582c382691998f7c06420b6'
    MATIC:'0x22b1cbb8d98a01a3b71d034bb899775a76eb1cc2'
  • >> Polygon,chainId='137' Optimism,chainId='10' Arbitrum,chainId='42161'