Squid Competitive Analysis
Key takeaways: 1. Hop Protocol is the most popular in terms of transaction count and active users, followed by Bungee and LiFi. 2. The Ethereum network is the most popular blockchain for all the analyzed platforms in terms of volume and the number of interactions. 3. Bungee has the highest total volume with $2 billion, followed by LiFi with $1.33 billion, and Hop Protocol with $863 million. 4. Squid is a newer platform compared to its competitors and has a long way to go to catch up with the other platforms in terms of user and transaction count. 5. March 2023 was the most volatile month for Squid, with the highest number of users and transactions recorded during that period.