In a multichain world, the need for cross-chain bridging has become ever-present. Stargate Finance is one of the most used bridges today, having bridged well over $15b in volume since its inception. It uses Layer Zero’s messaging to enable cross-chain swaps and deposit liquidity on different blockchains.
This report presents the findings of the comprehensive on-chain analysis to map out most of Stargate's flows, using Nansen data and labels. We focus on two high-level metrics:
- USD volumes
- Daily Active Users or DAUs
To answer questions such as:
- ‘Which chains saw the most inflows in 2023?’
- ‘Which chains have the most consistent levels of DAUs over time?’
We have created a dashboard that visualizes flows and DAUs...