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

Redstone is an L2 smart contract platform for decentralized applications on Ethereum. Redstone was founded by the Latttice team and launched in 2024.

Latttice's team & investors own and govern the protocol.

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Blockchains (L2)

Redstone Chain

# Redstone Chain Bridge deposits Methodology

## 1. Overview

Bridge deposits measures the total USD value of assets held in Redstone Chain's bridge contracts on Ethereum. This metric represents user deposits that have been bridged to Redstone Chain and indicates the total value locked in the bridging infrastructure. The calculation tracks token balances at specific bridge addresses and converts them to USD using end-of-day pricing.

## 2. Data sources

- **Ethereum blockchain events**: Parsed `Transfer` events and transaction logs to track token movements into and out of bridge addresses
- **Token balance data**: Historical balance snapshots for ERC-20 tokens and native ETH at bridge contract addresses
- **External price feeds**: End-of-day token price data for USD conversion across all supported tokens
- **Token metadata**: Token contract information including decimal precision and symbol data
- **Chain availability data**: Data quality indicators to ensure reliable metric calculation

## 3. Step-by-step calculation

### Component A: Bridge address portfolio tracking
- **Purpose**: Tracks all token balances held at Redstone Chain's bridge address on Ethereum
- **Logic**: Monitors the bridge contract address `0xc7bcb0e8839a28a1cfadd1cf716de9016cda51ae` on Ethereum to capture all token deposits. The system identifies all ERC-20 tokens and ETH held at this address by analyzing blockchain transfer events, including deposits from users and withdrawals for bridge operations. Balance changes are tracked continuously to maintain accurate historical records
- **Key fields**: The `timestamp` for daily snapshots, `balance` for token amounts held, `token_address` for token identification, and `chain` set to Ethereum

### Component B: USD conversion and aggregation  
- **Purpose**: Converts multi-token balances to USD and aggregates daily totals
- **Logic**: Each token balance is converted to USD using end-of-day price feeds, with proper decimal adjustment based on token metadata. Balances are then aggregated across all tokens held at the bridge address to calculate the total USD value of bridge deposits for each day
- **Key fields**: The `balance` converted to USD amounts and aggregated into `bridge_deposits` representing total daily value

### Final aggregation
- **Combining components**: Daily token balances are summed across all tokens held at the bridge address after USD conversion
- **Currency conversion**: Uses end-of-day token prices for consistent daily valuation, with decimal normalization applied per token contract specifications  
- **Time aggregation**: Daily snapshots capture bridge deposit values, with forward-filling applied to handle missing days and maintain continuous time series
- **Final calculation**: The final `bridge_deposits` value represents the total USD value of all tokens held in Redstone Chain's Ethereum bridge contract on each given day, categorized under the Layer 2 blockchain market sector

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

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

Redstone Chain

Bridge deposits

Bridge deposits

Competitive landscape

Chain breakdown