Hello HODLers!
Today we are going to make an overview of the bridge situation (a bridge, in Italian "ponte", provides a link that allows to transfer tokens or data between two different blockchain ecosystems, for example from Ethereum to BSC).
We do this in-depth because in this way we are going to see where the liquidity is going among the various blockchains.
The data you find below are related to relations with Ethereum, therefore token transfers between Ethereum and other blockchains.
Here is an overview of the bridge transfers over the last 30 days:
Polygon bridge tracker
🟢Total deposits: $ 388.5M
🔴Total Withdrawals: $ 393.7M
Unique depositors: 29,640
One-off withdrawals: 9,799
Avalanche bridge tracker
🟢Total deposits: $ 1.8 B
🔴Total Withdrawals: $ 2.3 B
Arbitrum bridge tracker
🟢Total deposits: $ 143.8M
🔴Total Withdrawals: $ 363.1 M
Fantom bridge tracker
🟢Total deposits: $ 59.8M
🔴Total Withdrawals: $ 339.9 M
Near bridge tracker
🟢Total deposits: $ 63.5M
🔴Total Withdrawals: $ 67.8M
Aurora bridge tracker
🟢Total deposits: $ 33.4M
🔴Total Withdrawals: $ 159.6M
From this data, we see how alternative chains are no longer appealing as they used to. BSC and Polygon are the networks that have maintained a liquidity base faithful to the ecosystem. Arbitrum has seen interactions with bridge increase but it is not attracting a lot of liquidity. Near remains stable and Aurora loses ground. Fantom is in great trouble. The general trend is still to return to Ethereum, thanks to the lowering of transaction costs and the perceived greater security.
Torum – The #SocialFi ecosystem for crypto enthusiasts that rewards you!
Torum is the world’s largest SocialFi ecosystem (Social Network + NFT + DeFi + Metaverse) that is specially designed to connect cryptocurrency users.
The Web3.0 ecosystem is built on a social media platform, integrated with a yield farming platform for DeFi investors (Torum Finance), an NFT marketplace for crypto artists and Avatar NFT for Metaverse enthusiasts.
XTM is the multichain utility token (Ethereum + Binance Smart Chain + HECO Chain + Polygon) of Torum ecosystem and it's now listed on Kucoin, Huobi, Uniswap and Pancakeswap.
Here you can find the Whitepaper: https://whitepaper.s3.us-east-2.amazonaws.com/torum-whitepaper-V4.0-EN.pdf
✅#SocialFi Metaverse Pioneer;
✅Backed by Huobi Ventures & Kucoin Labs;
✅Big community of more than 200,000 users;
✅Earn XTM everyday claiming Missions in the Social Network;
✅Sign up with my referral link and complete the verification to earn 7,5 XTM airdrop: https://www.torum.com/?referral_code=makeitreal
