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POLYGON: Bridge Activities Analysis
Aug 20, 2024 - Objective: The goal of these queries is to provide a comprehensive analysis of bridge activity within the Polygon network over the course of 2023. This includes understanding the frequency of transactions, the average daily USD value of these transactions, and the total value of all bridge transactions during this period. The insights derived from these queries can be used to assess the health, trends and growth of bridge activities on the Polygon network over time.
NEAR: Bridge Activities Analysis
Aug 23, 2024 - In 2024, the NEAR ecosystem has seen substantial bridging activity, highlighting the growing adoption and utilization of cross-chain technologies. Here are the key insights from the bridging activity on the NEAR ecosystem in 2024: 1. High Total Activity: The NEAR ecosystem recorded 68,000 bridge transactions, indicating a strong and active user base leveraging cross-chain functionality. 2. Significant Daily Engagement: With an average of 289,000 transactions bridged daily, the ecosystem demonstrates consistent and robust user participation. 3. Substantial Value Transfer: The average daily amount bridged stood at $675,000, highlighting the substantial flow of capital across chains within the NEAR ecosystem. 4. Impressive Annual Total: Over the year, a total of $158.6 million was bridged, showcasing the ecosystem's role as a significant conduit for cross-chain asset transfers. 5. Growing Adoption: These figures collectively point to the growing adoption of NEAR as a critical hub for decentralized finance (DeFi) and cross-chain activities.
Avalanche: Total Bridge Activity
Sep 3, 2024 - The Avalanche ecosystem has demonstrated significant growth in cross-chain DeFi activities, with a total of $713 million bridged, reflecting strong user demand for asset transfers across networks. On average, $2.9 million was bridged daily, showcasing consistent engagement and trust in Avalanche's infrastructure. The ecosystem also recorded 770,000 bridge activities, underscoring its scalability and widespread adoption. These metrics highlight Avalanche's robust position in the DeFi space, reinforcing its role as a key player in facilitating seamless cross-chain interactions.
