Overview

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

• Q103. Create a dashboard that can refresh daily with metrics that provide a detailed picture of Wormhole activity both from Ethereum to Solana and from Solana to Ethereum.
• How are tokens being bridged from chain to chain and which actions seem to be popular among users of Wormhole? What actions seem to influence bridging behavior? What are users doing before and after bridging? Do users seem to think that bridging is safe or more risky relative to transfers to centralized exchanges?

What is Wormhole?

• Wormhole is a generic message passing protocol that connects to multiple chains including Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, Oasis, and Fantom. Wormhole does this through emitting messages from one chain which are observed by a Guardian network of nodes and verified. After verification, this message is submitted to the target chain for processing. This simple message passing primitive enables cross chain functionality. Users interact with xDapps (cross chain decentralized applications) to transfer xAssets (cross chain assets) between networks or access their xData (cross chain data) to provide them services on their current network. On top of the Wormhole message protocol, there’s two specific applications that help concentrate liquidity for xAssets. The Portal Token Bridge and Portal NFT Bridge provide a standard message format for token and NFT transfers across the Wormhole bridge.