Transfers between L2s and Ethereum

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    ==Two pie charts on the left compares number of executed ETH transfers between Ethereum and other L2s,== in which 3.62M transfers occurred to Ethereum and 5.96M transfers occurred from Ethereum, this shows transfers from Ethereum has 2.34M more transfers, that means Ethereum is mostly origin of ETH transfers between itself and other L2s.

    • polygon pos bridge and arbitrum: inbox are top 2 L2s that have same ranks on both charts.

    ==Two pie charts on the left compares volume of executed ETH transfers between Ethereum and other L2s,== in which 11.32M transfers volume occurred to Ethereum and 17.93M transfers volume occurred from Ethereum , this shows transfers from Ethereum has 6.61M more transfers volume, that means Ethereum is mostly origin of ETH transfers volume between itself and other L2s.

    • polygon pos bridge is top 1 L2 that have same rank on both charts.

    ==Two pie charts on the left compares number of ETH transfers unique executers between Ethereum and other L2s==, in which 30 users executed transfers to Ethereum and 57 users executed transfers from Ethereum , this shows users executing from Ethereum has same users, that means same number of users are equally transferring between Ethereum other L2s.

    • Neither of L2s that has same ranks on both charts.

    ==Two pie charts on the left compares number of executed token transfers between Ethereum and other L2s,== in which 486K transfers occurred to Ethereum and 666K transfers occurred from Ethereum , this shows transfers from Ethereum has 180K more transfers, that means Ethereum is mostly origin of token transfers between itself and other L2s.

    • There are no top L2s with same ranks in both charts.

    ==Two pie charts on the left compares volume of executed token transfers between Ethereum and other L2s,== in which 7.310^12 transfers volume occurred to Ethereum and 1.310^16 transfers volume occurred from Ethereum , this shows transfers from Ethereum has much more transfers volume, that means Ethereum is mostly origin of token transfers volume between itself and other L2s.

    • There are no top L2s with same ranks in both charts.

    ==Two pie charts on the left compares number of token transfers unique executers between Ethereum and other L2s==, in which 19 users executed transfers to Ethereum and 25 users executed transfers from Ethereum , this shows users executing from Ethereum has 6 more users, that means Ethereum is mostly origin of token transfers between itself and other L2s.

    • There are no top L2s with same ranks in both charts.

    ==Two pie charts on the left compares top 10 transferred tokens by their volume of transfers between Ethereum on other L2s,== in which 64,069,549,376 is transfer volume to Ethereum and 4,794,416,235 is transfer volume from Ethereum , this shows top 10 tokens transferred with 59,275,133,141 more volume to Ethereum .

    ==Two pie charts on the left compares top 10 transferred tokens by their number of transferrers between Ethereum on other L2s,== in which

    190,814 is transferrer count to Ethereum and 114 is transferrer count from Ethereum , this shows top 10 tokens has transferrer with 190,700 more users to Ethereum .

    Approach

    In this dashboard I have calculated and discussed transfer statics of ETH and other tokens between Ethereum and other Layer 2s, observed statics are as follows:

    Count, Volume and User Count of ETH and other tokens status from/to Ethereum to/from other L2s and their weekly charts

    Tables used in this dashboard are:

    ==ethereum.core.ez_eth_transfers==

    ==ethereum.core.dim_labels==

    ==ethereum.core.fact_token_transfers==

    This section includes comparison between total ETH transfer statics between Ethereum and L2s

    • ==Count:== number of ETH transfers between Ethereum and other L2s
    • ==Volume==: volume of ETH transfers between Ethereum and other L2s
    • ==User Count:== number of users who are transferring ETH between Ethereum and other L2s

    ETH Transfers

    Total statics of Volume, Count and User Count of ETH transfers from L2s to Ethereum

    Total statics of Volume, Count and User Count of ETH transfers to L2s from Ethereum

    Comparisons

    This section includes comparison between weekly ETH transfer statics between Ethereum and L2s

    • ==Weekly Count:== weekly number of ETH transfers between Ethereum and other L2s
    • ==Weekly Volume==: weekly number of ETH transfers between Ethereum and other L2s
    • ==Weekly User Count:== weekly number of users who are transferring ETH between Ethereum and other L2s

    Weekly statics of Volume, Count and User Count of ETH transfers from L2s to Ethereum

    Weekly statics of Volume, Count and User Count of ETH transfers to L2s from Ethereum

    ==Two bar charts above compares weekly number of executed ETH transfers between Ethereum and other L2s since November 2021 and June 2020==, in which transfers on both charts has bullish trend towards 2023, transfers to Ethereum maxed out on second week of September 2021 with 90K transfers and transfers from Ethereum maxed out on last week of October 2022 with 171K transfers, bullish trend of both charts shows transfer activity between Ethereum and other L2s is increasing.

    • Some L2s like “hop protocol: eth arbitrum wrapper” or “hop protocol: usdc arbitrum wrapper” are having bearish or fluctuated trend unlike major trends of transfers between Ethereum and other L2s.
    • Most number of transfers to Ethereum occurred from arbitrum: inbox on second week of September 2021 with 60,403
    • Most number of transfers from Ethereum occurred to hop protocol: eth l1bridge on third week of June 2022 with 85,721

    ==Two bar charts above compares weekly volume of executed ETH transfers between Ethereum and other L2s since August 2020 and June 2020==, in which transfer volume on both charts has bearish trend towards 2023, transfer volume to Ethereum maxed out on last week of August 2022 with 758K volume and transfer volume from Ethereum maxed out on first week of September 2021 with 1.3M volume, bearish trend of both charts shows transfer volume activity between Ethereum and other L2s is decreasing.

    • Some L2s like “hop protocol: usdc arbitrum wrapper” are having bullish trend unlike major trends of transfers between Ethereum and other L2s.
    • Most volume of transfers to Ethereum occurred from arbitrum: bridge on last week of August 2022 with 727,962
    • Most volume of transfers from Ethereum occurred to arbitrum: bridge on last week of August 2022 with 738,464

    ==Two bar charts above compares weekly number of ETH transfer unique executers between Ethereum and other L2s since mid April 2022==, in which transferrers on both charts has bullish trend towards 2023, transferrers to Ethereum maxed out on last week of January 2023 with 26 unique transferrers and transferrers from Ethereum maxed out on last week of August 2022 with 25 unique transferrers, bullish trend of both charts shows transferrer activity between Ethereum and other L2s is increasing.

    • Majority of L2s are having same number of transferrers through out their time line.
    • Most number of transferrers to Ethereum occurred mostly from polygon pos bridge with 2 users.
    • Most number of transferrers from Ethereum occurred mostly to polygon pos bridge with 2 users.

    Token Transfers

    This section includes comparison between total token transfer statics between Ethereum and L2s

    • ==Count:== number of token transfers between Ethereum and other L2s
    • ==Volume==: volume of token transfers between Ethereum and other L2s
    • ==User Count:== number token of users who are transferring between Ethereum and other L2s

    Total statics of Volume, Count and User Count of Token transfers from L2s to Ethereum

    Total statics of Volume, Count and User Count of Token transfers to L2s from Ethereum

    Comparisons

    Weekly statics of Volume, Count and User Count of token transfers from L2s to Ethereum

    Weekly statics of Volume, Count and User Count of Token transfers to L2s from Ethereum

    This section includes comparison between weekly token transfer statics between Ethereum and L2s

    • ==Weekly Count:== weekly number of token transfers between Ethereum and other L2s
    • ==Weekly Volume==: weekly number of token transfers between Ethereum and other L2s
    • ==Weekly User Count:== weekly number of users who are transferring tokens between Ethereum and other L2s

    ==Two bar charts above compares weekly number of executed token transfers between Ethereum and other L2s since mid April 2022==, in which transfers on both charts has bullish trend towards 2023, transfers to Ethereum maxed out on second week of May 2022 with 23K transfers and transfers from Ethereum maxed out on same week with 19.6K transfers, bullish trend of both charts shows transfer activity between Ethereum and other L2s has been growing.

    • Some L2s like “layer zero: aptos bridge” are having bearish trends unlike major trend of transfers between Ethereum and other L2s.
    • Most number of transfers to Ethereum occurred from wormhole: portal token bridge on second week of May 2022 with 17206
    • Most number of transfers from Ethereum occurred to wormhole: portal token bridge on second week of May 2022 with 11527

    ==Two bar charts above compares weekly volume of executed token transfers between Ethereum and other L2s since mid April 2022==, in which transfer volume on both charts has bullish trends towards 2023, transfer volume to Ethereum maxed out on last week of January 2023 with 4T transfer volume, and transfer volume from Ethereum maxed out on first week of May 2022 with 1*10^15 transfer volume, bullish trend of both charts shows transfer volume activity between Ethereum and other L2s has been growing.

    • Some L2s like “layer zero: aptos bridge” are having bearish trends unlike major trend of transfer volume between Ethereum and other L2s.
    • Most volume of transfers to Ethereum occurred from synapse: bridge on last week of January 2023 with 4,026,221,795,013
    • Most volume of transfers from Ethereum occurred to arbitrum: l1 erc20 gateway on first week of May 2022 with 9,900,000,487,619,890

    ==Two bar charts above compares weekly number of token transfer unique executers between Ethereum and other L2s since mid April 2022==, in which transferrers on both charts has bullish trend towards 2023, transferrers to Ethereum maxed out on several week during late 2022 and early 2023 with 14 unique transferrers and transferrers from Ethereum maxed out on last week of September 2022 with 19 unique transferrers, bullish trend of both charts shows transferrer activity between Ethereum and other L2s has been growing.

    • Majority of L2s are having same number of transferrers through out their time line.
    • Most number of transferrers to Ethereum occurred from “thorchain: general contract” on third week of June 2022 with 2
    • Most number of transferrers from Ethereum occurred mostly to “polygon pos bridge” and “thorchain: general contract” with 2 users.

    This section includes comparison between top 10 transferred tokens based on volume of transfers and number of transferrers between Ethereum and L2s

    • ==By Volume==: Top 10 tokens which are transferred between Ethereum and other L2s based on their transfer volume
    • ==By User Count:== Top 10 tokens which are transferred between Ethereum and other L2s based on their transferrer count

    Conclusions

    • Polygon pos bridge has majority of ETH transfer activity between Ethereum and L2s.
    • Synapse has majority of token transfer activity between Ethereum and L2s.
    • ETH and token transfer activity from Ethereum into other L2s is dominant in all observed metrics.
    • Weekly ETH transfer activity between Ethereum and L2s is bullish in transfers and users but bearish on volume of transfers.
    • Weekly token transfer activity between Ethereum and L2s is bullish in all observed metrics.
    • Stable coins has majority of top transferred tokens by their volume and their transferrers between Ethereum and other L2s.
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    Synapse is an open-source decentralized communication protocol that enables users to communicate securely and privately over the internet without relying on a central authority or server. Synapse is based on the Matrix protocol and is designed to provide end-to-end encrypted messaging, voice and video calls, file sharing, and other collaborative features. It allows users to communicate across different platforms and devices, ensuring compatibility and seamless integration. Synapse is highly customizable, scalable, and can be deployed on-premises or in the cloud, making it suitable for small to large-scale organizations.

    Polygon PoS Bridge is a technology that enables seamless transfer of assets between the Ethereum network and the Polygon network. The Polygon PoS Bridge is built on top of the Polygon PoS (Proof of Stake) chain, and it allows users to move their assets between the two networks without losing their value or paying high gas fees. With the Polygon PoS Bridge, users can transfer Ethereum-based tokens, such as ERC-20 and ERC-721 tokens, to the Polygon network and use them for low-cost transactions and faster confirmation times. The bridge also allows users to take advantage of the low transaction fees and fast processing times on the Polygon network while still being able to interact with the Ethereum ecosystem.

    Comparison with same dashboards created by me(purple898) on Optimism and Arbitrum

    • On Optimism and Arbitrum “Hop protocol“ has majority of ETH transfers but on Ethereum its “Polygon pos bridge“
    • Arbitrum has most ETH transfers from itself to other L2s among three observed block chains with 5.65M more transfers from Arbitrum.
    • Ethereum has most ETH transfer volume from itself to other L2s among three observed block chains with 6.61M more transfer volume from Ethereum.
    • Optimism has most ETH transferors from itself to other L2s among three observed block chains with 298 more users from Optimism.
    • Weekly ETH transfer status of all observed block chains is bullish towards 2023.
    • Arbitrum has most token transfers from itself to other L2s among three observed block chains with 0.4M more transfers from Arbitrum.
    • Ethereum and Arbitrum has most token transfer volume from themselves to other L2s.
    • Optimism has most token transferors from itself to other L2s among three observed block chains with 10 more users from Optimism.
    • Weekly token transfer status of all observed block chains is bullish towards 2023.
    • Stable coins such as USDC, USDT and nUSD are among top transferred tokens by volume and by users.