Hop fundamentals

[tt_admin]

A space to discuss the fundamentals of ‘Hop’.

Link to the dashboard: Hop Protocol (HOP) - Key metrics | Dashboard | Token Terminal

Hop Protocol – A rollup-to-rollup general token bridge | Token Terminal

[tt_casio]

Token Terminal <> Hop Protocol | Monthly data update (March 2023)

Chains tracked: Arbitrum, Ethereum, Optimism, Polygon

Methodology:

• Transfer volume: Total bridging volume on Hop Protocol
• Fees: Total swap and bonder fees paid by users
• Supply-side fees: Share of swap and bonder fees that goes to the bonders and liquidity providers
• Revenue: Share of swap and bonder fees that goes to the protocol (HOP holders + bonders)
• Token incentives: USD value of tokens that have been distributed to incentivise users
• Earnings: Revenue minus token incentives
• Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
• Daily active users: Monthly average number of daily distinct traders
• Active developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
• Code commits: Number of commits to the project’s public GitHub repositories

Metrics (March 2023):

• Transfer volume: $232.47m
• Fees: $652.76k
• Supply-side fees: $105.88k
• Revenue: $546.87k
• Token incentives: $467.64k
• Earnings: $79.24k
• Treasury (monthly average): $115.92m
• Daily active users (monthly average): 4.71k
• Active developers (monthly average): 5
• Code commits: 225
  
  

[miguel]

Thank you Token Terminal, the Hop team has reviewed the monthly data update and the values are in line with our calculations.

[tt_casio]

Token Terminal <> Hop Protocol | Monthly data update (April 2023)

Chains tracked: Arbitrum, Ethereum, Optimism, Polygon

Methodology:

• Transfer volume: Total bridging volume on Hop
• Fees: Total swap and bonder fees paid by users
• Supply-side fees: Share of swap and bonder fees that goes to the liquidity providers
• Revenue: Share of swap and bonder fees that goes to the protocol (HOP holders + bonders)
• Token incentives: USD value of tokens that have been distributed to incentivise users
• Earnings: Revenue minus token incentives
• Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
• Daily active users: Monthly average number of daily distinct traders
• Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
• Code commits: Number of commits to the project’s public GitHub repositories

Metrics (April 2023):

• Transfer volume: $173.49m
• Fees: $611.81k
• Supply-side fees: $74.34k
• Revenue: $537.47k
• Token incentives: $315.69k
• Earnings: $221.78k
• Treasury (monthly average): $95.07m
• Daily active users (monthly average): 3.94k
• Core developers (monthly average): 6
• Code commits: 216

[miguel]

Thank you Token Terminal, the Hop team has reviewed the monthly data update for April 2023 and the values are in line with our calculations.

[tt_oakbarrel]

Token Terminal <> Hop Protocol | Monthly data update (May 2023)

Chains tracked: Arbitrum, Ethereum, Optimism, Polygon

Methodology:

• Transfer volume: Total bridging volume on Hop
• Fees: Total swap and transfer fees paid by users
• Supply-side fees: Share of swap and transfer fees that goes to the liquidity providers
• Revenue: Share of swap and transfer fees that goes to the protocol (HOP holders & bonders)
• Token incentives: USD value of tokens that have been distributed to incentivise users
• Earnings: Revenue minus token incentives
• Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
• Daily active users: Monthly average number of daily distinct Traders
• Weekly active users: Monthly average number of weekly distinct Traders
• Monthly active users: Monthly average number of monthly distinct Traders
• Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
• Code commits: Number of commits to the project’s public GitHub repositories

Metrics (May 2023):

• Transfer volume: $117.44m
• Fees: $564.93k
• Supply-side fees: $52.70k
• Revenue: $512.23k
• Token incentives: $191.18k
• Earnings: $321.05k
• Treasury (monthly average): $58.40m
• Daily active users (monthly average): 2.87k
• Weekly active users (monthly average): 18.31k
• Monthly active users (monthly average): 73.44k
• Core developers (monthly average): 4
• Code commits: 212

[miguel]

Thank you Token Terminal, the Hop team has reviewed the monthly data update for May 2023 and the values are in line with our calculations.

[tt_oakbarrel]

Token Terminal <> Hop Protocol | Monthly data update (June 2023)

Chains tracked: Arbitrum, Ethereum, Optimism, Polygon

Methodology:

• Transfer volume: Total bridging volume on Hop
• Fees: Total swap and transfer fees paid by users
• Supply-side fees: Share of swap and transfer fees that goes to the liquidity providers
• Revenue: Share of swap and transfer fees that goes to the protocol (HOP holders & bonders)
• Token incentives: USD value of tokens that have been distributed to incentivise users
• Earnings: Revenue minus token incentives
• Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
• Daily active users: Monthly average number of daily distinct Traders
• Weekly active users: Monthly average number of weekly distinct Traders
• Monthly active users: Monthly average number of monthly distinct Traders
• Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
• Code commits: Number of commits to the project’s public GitHub repositories

Metrics (June 2023):

• Transfer volume: $83.97m
• Fees: $220.07k
• Supply-side fees: $38.31k
• Revenue: $181.76k
• Token incentives: $178.59k
• Earnings: $3.18k
• Treasury (monthly average): $38.96m
• Daily active users (monthly average): 2.00k
• Weekly active users (monthly average): 13.56k
• Monthly active users (monthly average): 56.97k
• Core developers (monthly average): 3
• Code commits: 150

[miguel]

Thank you Token Terminal, the Hop team has reviewed the monthly data update for June 2023 and the values are in line with our calculations.