Inter Blockchain Communication (IBC) entered the world with the Stargate upgrade in April 2021. 18 months since then, IBC has rapidly evolved in terms of usage, adoption & new features. Let’s dive into some of the underlying metrics to showcase this impressive 18 month journey!🧵 
1/
When IBC launched in Q2 2021, there were initially 8 interconnected chains. Today the Interchain has grown Quarter-over-Quarter (QoQ) to 49 chains!👇
When IBC launched in Q2 2021, there were initially 8 interconnected chains. Today the Interchain has grown Quarter-over-Quarter (QoQ) to 49 chains!👇
2/
With limited data on Daily Active Addresses/Users (DAU) - defined as the number of addresses associated with a chain that has initiated at least one outgoing IBC transfer on a given day - we see that the number peaked in March of this year at 1.3 million DAU.
With limited data on Daily Active Addresses/Users (DAU) - defined as the number of addresses associated with a chain that has initiated at least one outgoing IBC transfer on a given day - we see that the number peaked in March of this year at 1.3 million DAU.
3/
In terms of different chains, @osmosiszone has recorded the highest DAU over the same time period. Followed by the @cosmoshub, @cryptocom, @JunoNetwork, @Umee_CrossChain
and @StargazeZone.
In terms of different chains, @osmosiszone has recorded the highest DAU over the same time period. Followed by the @cosmoshub, @cryptocom, @JunoNetwork, @Umee_CrossChain
and @StargazeZone.
4/
From Jan - Aug 2022, IBC facilitated a total of 24 million cross-chain transfers worth $34 billion! An average of 3 million transfers per month with an average value of $1,416 per IBC transfer.
From Jan - Aug 2022, IBC facilitated a total of 24 million cross-chain transfers worth $34 billion! An average of 3 million transfers per month with an average value of $1,416 per IBC transfer.
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Breaking this down by chain, Osmosis (~11m), Band (~5m), Injective (~4.6m), Juno (~2.3m), Stargaze (~2.1m) and Cosmos Hub (~2m) accounted for the highest number of incoming IBC transfers. The number of outgoing transfers show a similar trend.
Breaking this down by chain, Osmosis (~11m), Band (~5m), Injective (~4.6m), Juno (~2.3m), Stargaze (~2.1m) and Cosmos Hub (~2m) accounted for the highest number of incoming IBC transfers. The number of outgoing transfers show a similar trend.
6/
From Jan-Aug this year, Osmosis recorded 62% and 43% of all incoming and outgoing IBC transfers in USD value, respectively. Followed by the Cosmos Hub and Juno.
From Jan-Aug this year, Osmosis recorded 62% and 43% of all incoming and outgoing IBC transfers in USD value, respectively. Followed by the Cosmos Hub and Juno.
7/
A highly anticipated launch, a network of 49 interconnected chains, a total of 43 million xChain transfers since launch, & a number of exciting new feature releases - the first 18 months of IBC has been promising with a growing step towards breathing the Interchain to life.
A highly anticipated launch, a network of 49 interconnected chains, a total of 43 million xChain transfers since launch, & a number of exciting new feature releases - the first 18 months of IBC has been promising with a growing step towards breathing the Interchain to life.
8/
Interested in finding out about more IBC's KPIs? View the data dashboard here: datastudio.google.com/reporting/d583… #IBC #IBCGang
Interested in finding out about more IBC's KPIs? View the data dashboard here: datastudio.google.com/reporting/d583… #IBC #IBCGang
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