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

Mode Network is an L2 smart contract platform for decentralized applications on Ethereum. Mode Network was founded by James Ross and launched in 2024.

Mode Network team & investors own and govern the protocol. Mode Network has received a $6 million grant from the Optimism Foundation.

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Mode Network

# Mode Network Bridge deposits Methodology

## 1. Overview

Mode bridge deposits measures the total USD value of assets held in Mode's Ethereum bridge contracts. This metric tracks the capital locked in Mode's bridging infrastructure, representing user deposits that enable cross-chain functionality between Ethereum and the Mode L2 network. The calculation aggregates token balances across Mode's bridge addresses and converts them to USD values using end-of-day pricing.

## 2. Data sources

- **Token balance snapshots**: Daily snapshots of ERC-20 token balances held at specific Ethereum addresses
- **Token metadata**: Token contract information including decimal places and token symbols for proper balance conversion
- **End-of-day price feeds**: Daily USD price data for tokens held in bridge contracts
- **Chain availability data**: Configuration data determining which chains are available for metric calculation on specific dates

## 3. Step-by-step calculation

### Component A: Bridge address configuration
- **Purpose**: Identifies the specific Ethereum contracts that hold Mode's bridge deposits
- **Logic**: Two hardcoded Ethereum addresses are specified as Mode's bridge contracts: `0x735adbbe72226bd52e818e7181953f42e3b0ff21` and `0x8b34b14c7c7123459cf3076b8cb929be097d0c07`. These addresses represent the smart contracts where users deposit tokens to bridge to Mode L2.
- **Key fields**: `account_addresses` containing the bridge contract addresses on Ethereum

### Component B: Portfolio balance calculation
- **Purpose**: Calculates the USD value of all tokens held across Mode's bridge addresses
- **Logic**: For each bridge address and each day, the system retrieves all token balances, converts them from raw blockchain units to proper decimal format using token metadata, then converts each token balance to USD using end-of-day price feeds. Balances are aggregated across all tokens and both bridge addresses to get total daily bridge deposits.
- **Key fields**: `timestamp` for daily snapshots, `chain` for Ethereum, `balance` for USD-converted token values

### Component C: Business categorization
- **Purpose**: Applies Mode protocol business classification to the bridge deposit data
- **Logic**: Each record is tagged with business dimensions: `chain_id` from the balance data (Ethereum), `market_sector_id` set to 'blockchains_l2' indicating this is L2 infrastructure, `business_segment_id` set to 'blockchain' for protocol categorization, and `product_id` set to null as this represents protocol-level infrastructure rather than a specific product.
- **Key fields**: `market_sector_id`, `business_segment_id`, `product_id` for business classification, `bridge_deposits` for the aggregated USD value

### Final aggregation
- **Combining components**: Token balances from both bridge addresses are summed together daily to create a single `bridge_deposits` value representing total capital locked in Mode's bridge infrastructure
- **Currency conversion**: All token balances are converted to USD using end-of-day price feeds, ensuring consistent valuation timing across different tokens
- **Time aggregation**: Data is aggregated daily with timestamps standardized to consistent grain intervals
- **Final calculation**: The final metric represents the sum of USD-converted token balances held across Mode's two Ethereum bridge contracts, with forward-filling applied for periods where data may be missing and chain availability filtering to ensure data quality

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

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

Mode NetworkMODE

Bridge deposits

Bridge deposits

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