The Bridge from Ethereum to Solana

Q1. Create a visualization of the volume of assets being bridged from Ethereum to Solana over time via Wormhole. What does the average profile / size of wallets bridging to Solana from Ethereum look like (what is the average value of assets being bridged over)? What have been the most popular bridged assets from Ethereum to Solana and has that changed over time?

From July 2021 for one year, UST has the largest volume of transfers (except for one month).
At the beginning of the transfer to Solana, first the USDC and after a few months, WETH are the main transferred assets.

Bridgers! Profile

Technical Details

Tables : ethereum.core.ez_token_transfers, flipside_prod_db.ethereum.erc20_balances
Filters :
- origin_function_signature = '0x70713960' - Wormhole LockAsset
- origin_to_address = '0xf92cd566ea4864356c5491c177a430c222d7e678' - Wormhole Solana Bridge

In the first step of this analysis, let's get a general overview of asset transfer operations from Ethereum to Solana and show metrics such as number of transfers, average, maximum and minimum of volume of transactions.

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Key Findings

The average number of transactions is a relatively high number ($ 152,000) which due to the large number of transactions and the maximum volume of transactions, it seems that few users have had a very high volume of transactions so that the average transfer volume get the above number.
There is a big difference between the mean and the median of the data, and given that some wallets belonging to organizations or Ethereum Whales have transferred large volumes of tokens in one transaction, it is better to use the number obtained for the median, 2457, as Consider the average of transactions.

The quarter ending September 2021 saw the largest volume of transfers from the Ethereum network to Solana, with September 2021 setting an unprecedented record of over $ 450 million.
Due to the sharp decline in prices in recent days, it is better to standardize this chart and use a adjusted version of it, in which case, the standardized volume of transactions in 2021 will be greatly reduced.
The volume of assets transferred to Solana since February 2022 has decreased significantly on a monthly basis, from $ 1 million in February to $ 160,000 per month.

Stablecoins had the largest volume of transfers to Solana.
Luna's popular tokens, Luna and UST, are among the ten most popular assets to transfer, of which the UST code has the largest volume.

The average amount of assets of users who have transferred their assets to Solana at least once is over $ 30,000, which is a relatively high number and indicates that Wormhole users are professional users of cryptocurrencies.
The current assets of these users are mostly ETH , Bitcoin and USDC.