What Is Hop Protocol?

• Hop is a multichain bridge connecting Ethereum with Layer-2 networks. Using Hop, users can send tokens almost instantly across networks instead of having to wait multiple days.

Overview

In this dashboard, I will answer this question from Flipside Crypto:

• Q2. 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.

Conclusion

• About 45K ETH deposited into Optimism via Hop Protocol.
• About 114K ETH deposited into Arbitrum via Hop Protocol.
• About 32K ETH deposited into Polygon via Hop Protocol.
• About 161K ETH deposited into Optimism via Optimism Native Bridge.
• About 6.5M ETH deposited into Polygon via Polygon Native Bridge.