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!👇
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.
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.
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.
5/
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.
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.
8/
Interested in finding out about more IBC's KPIs? View the data dashboard here: datastudio.google.com/reporting/d583… #IBC #IBCGang

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Interchain Foundation

Interchain Foundation Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @interchain_io

Oct 5
1/
Join our call tomorrow to celebrate IBC’s achievements so far and where it is headed in the future. 🧵

📅 6pm UTC on Thu, 6 October 👇

#IBCGang

twitter.com/i/spaces/1vAxR…
2/
We’ll be joined by👇
- @adi_r_r, IBC Protocol Analyst, @interchain_io
- @DaianaM007, Ecosystem Funding Project Manager, @interchain_io
- Map of Zones - joining from @zstake_org
3/
- Founder and CEO of Composable - @0xbrainjar
- Toriumi Susumu, joining from @datachain_en

twitter.com/i/spaces/1vAxR…
Read 4 tweets
Oct 3
Yesterday, we saw how the Inter-Blockchain Communications (IBC) protocol has developed in the past 18 months.

Today let's look at why IBC is needed 🧵

2/
But first, be sure to join our Thursday call to celebrate IBC’s achievements so far and learn about where it is heading.

📅 Set a reminder 👇

#IBCGang

twitter.com/i/spaces/1vAxR…
3/
Every blockchain caters to one or more specialized use cases. If these use cases cannot be leveraged across multiple blockchains, it severely handicaps their utility.

IBC solves the problem of blockchains existing as silos with limited interaction.
Read 14 tweets
Oct 3
1/
Funded by the Interchain Foundation, PANIC by @SimplyStaking is an open-source monitoring and alerting solution for blockchain infrastructure operators - monitoring your setup and sending multi-channel alerts.

Let's explore the solution and its benefits 🧵 Image
2/
PANIC’s main objective is to provide node operators with insights on the state of their nodes, whilst quickly flagging issues that could degrade their node availability.
3/
Built for the multichain future, this @interchain_io funded tool is suitable for Cosmos-SDK, @substrate_io or @chainlink based nodes.
Read 9 tweets
Sep 15
We welcome @delphi_digital’s decision to join the Interchain!
2/
The team at Delphi Labs want to continue focusing on building and innovating on DeFi applications, with a belief that ‘the world will be increasingly multi-chain, and DeFi applications should architect themselves such that they can deploy natively on multiple chains”
3/
In their thorough search for a new platform to host their innovations, the Delphi Labs team evaluated the Interchain against Ethereum and Ethereum Rollups, Avalanche, Solana, Polkadot, Near and Celestia.
Read 13 tweets
Dec 12, 2020
👩🏻‍🚀👨🏽‍🚀Cosmonauts,
✨TODAY IS THE DAY✨
You cannot miss the long-awaited

⚛️@cosmos Interchain Conversations⚛️

where 53 of the brightest minds on the blockchain scene will give you a peek into the future of this revolutionary technology!

🎟️Claim Your Ticket
conversations.cosmos.network Image
@cosmos Designed for everyone, from those looking for in-depth analysis to those who want to ride the momentum:
⭐️State of @cosmos
⭐️@ethermint
⭐️#IBC
⭐️#NFTs
⭐️@cosmoshub #AMM
⭐️#DeFi composability
⭐️#Bitcoin pegzones
⭐️#Ethereum bridges
...and more!

👀 Agenda
conversations.cosmos.network ImageImageImageImage
@cosmos @ethermint @cosmoshub Among the first-class speakers who will join us on this intergalactic journey we can find:
@buchmanster, @billyrennekamp, @_charlienoyes, @zmanian, @sunnya97, @_tessr, @DeanTribble, @DeborahSimpier, @zcpeng, @d0h0k1, @_prestwich, @shaunbconway, @fekunze, @pedrouid & @kwunyeung ImageImageImage
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(