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Blockchains (L2)

Hypr

# Hypr Bridge deposits Methodology

## 1. Overview

Bridge deposits represents the total USD value of tokens held in HYPR's bridging contract addresses on Ethereum. This metric measures the amount of capital locked in HYPR's bridge infrastructure, indicating user adoption and trust in the bridge service. The calculation tracks token balances at specific smart contract addresses that serve as custody points for assets being bridged between HYPR and other networks.

## 2. Data sources

The calculation relies on several key data sources:
- **Ethereum blockchain events**: Parsed `Transfer` events from Ethereum to track token movements into and out of bridging addresses
- **Token balance data**: Current and historical token balance snapshots for specific contract addresses
- **Token metadata**: Token contract information including symbols, decimal places, and token identifiers needed for proper amount calculations
- **End-of-day price feeds**: USD price data for tokens held in the bridging addresses to enable value conversion
- **Chain configuration data**: Network availability and operational status information for filtering valid data periods

## 3. Step-by-step calculation

### Component A: Portfolio balance calculation
- **Purpose**: Calculates the current token balances held at HYPR's bridging addresses
- **Logic**: The system processes Ethereum blockchain data to track token balances at two specific addresses: `0xba1ac896f3b7cb273dae94bf9a6291a432e826c7` and `0x1bbde518ad01baabfe30020407a7630fb17b545d`. It analyzes `Transfer` events to determine net token flows into these addresses, accounting for both incoming deposits and outgoing withdrawals. Token amounts are converted from raw blockchain units to human-readable amounts using each token's decimal configuration
- **Key fields**: The component produces `balance` amounts for each token type, along with `timestamp` for when the balance was calculated, and `chain` identifier for Ethereum

### Component B: Business data enrichment  
- **Purpose**: Adds standardized business context and metadata to the portfolio balances
- **Logic**: The portfolio balance data is enriched with categorical information that classifies HYPR within Token Terminal's business framework. Each record is tagged with market sector as `blockchains_l2` since HYPR operates as a Layer 2 solution, business segment as `blockchain` to indicate its core infrastructure role, and chain information for Ethereum where the bridging contracts operate. The `product_id` is set to null as this represents protocol-level activity rather than a specific product
- **Key fields**: Adds `market_sector_id`, `business_segment_id`, `product_id`, and preserves the timestamp and chain information from the portfolio calculation

### Final aggregation
- **Combining components**: Token balances from all monitored bridging addresses are summed together to create a single bridge deposits value, representing the total value locked in HYPR's bridge infrastructure
- **Currency conversion**: All token values are converted to USD using end-of-day price feeds, ensuring consistent valuation across different token types held in the bridging addresses
- **Time aggregation**: Data is processed with daily granularity, with a fill-forward strategy applied to handle any missing data points by carrying forward the most recent valid balance
- **Final calculation**: The final bridge deposits metric equals the sum of USD values of all tokens held across HYPR's bridging addresses on Ethereum, filtered to include only periods when the chain data is available and reliable

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of assets held in a project's bridge contracts.

Hypr

Bridge deposits

Bridge deposits

Competitive landscape

Chain breakdown