Kinto batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (expense).

Kinto is an L2 smart contract platform for decentralized applications on Ethereum with enforced account abstraction and KYC'd users. Kinto was founded by Ramon Recuero, Víctor Sánchez, and Alan Keegan and launched in 2024.

Kinto team & investors own and govern the protocol. Kinto’s investors include ParaFi Capital, Kyber Capital, The Spartan Group, etc.

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Kinto

# Kinto Bridge deposits Methodology

## 1. Overview

Bridge deposits measures the total USD value of tokens held in Kinto's Ethereum bridge contracts. This metric tracks user deposits that are locked on Ethereum to enable corresponding token issuance on the Kinto L2 blockchain. The calculation aggregates token balances across specific bridge contract addresses, converts them to USD, and presents them as a daily time series.

## 2. Data sources

- **Ethereum transaction events**: Parsed `Transfer`, `Mint`, and `Burn` events from Ethereum blockchain to track token movements into and out of bridge addresses
- **Token balance snapshots**: Daily aggregated token balances per address and token contract on Ethereum
- **End-of-day price feeds**: USD price data for all tokens held in the bridge addresses
- **Token metadata**: Contract addresses, decimal precision, and symbol information for proper token identification and normalization
- **Chain availability data**: Configuration data defining when Kinto chain data becomes available for reporting

## 3. Step-by-step calculation

### Component A: Portfolio balance calculation
- **Purpose**: Calculate total token balances held across Kinto's Ethereum bridge addresses
- **Logic**: The calculation targets two specific Ethereum addresses that serve as Kinto's bridge contracts: `0x859a53fe2c8da961387030e7cb498d6d20d0b2db` and `0x0f1b7bd7762662b23486320aa91f30312184f70c`. For each address, the system aggregates daily token balances across all ERC-20 tokens and ETH. Token amounts are normalized using each token's decimal precision (e.g., dividing by 10^18 for tokens with 18 decimals). Each normalized token amount is converted to USD using end-of-day prices from the same date.
- **Key fields**: `timestamp` for daily granularity, `chain` identifying Ethereum, `balance` containing USD-converted token values

### Component B: Business metadata enrichment  
- **Purpose**: Add standardized business categorization to the portfolio data
- **Logic**: Each record receives consistent business metadata to enable proper categorization in reporting systems. The `chain_id` is set to identify Ethereum as the source chain. The `market_sector_id` is set to 'blockchains_l2' to categorize Kinto as a Layer 2 blockchain. The `business_segment_id` is set to 'blockchain' for segment classification. The `product_id` remains null as this metric applies to the entire Kinto protocol rather than specific products.
- **Key fields**: `chain_id`, `market_sector_id`, `business_segment_id`, `product_id` for business categorization

### Final aggregation
- **Combining components**: All token balances across both bridge addresses are summed together for each day to create a single `bridge_deposits` value representing total USD value locked in Kinto's Ethereum bridge contracts
- **Currency conversion**: All token amounts are converted to USD using end-of-day prices, ensuring consistent valuation timing across different tokens
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation to day level
- **Final calculation**: The final metric value equals the sum of all USD-converted token balances held in the two specified bridge addresses on each day, with missing days filled forward using the most recent available value to maintain continuous time series data

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

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

Kinto

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Bridge deposits

Bridge deposits

Competitive landscape

Chain breakdown