Network Topology and Latent Structures in Crosschain Liquidity Flows
摘要
The emergence of crosschain liquidity protocols has significantly advanced blockchain interoperability; however, our understanding of the structural patterns governing capital flows across these interconnected networks remains limited. This paper introduces a novel analytical framework that combines network methods and tensor decomposition techniques to characterize the multidimensional dynamics of crosschain liquidity transfers. Utilizing comprehensive datasets of daily crosschain transactions spanning 2021–2025 and across several crosschain protocols such as Wormhole, LayerZero and CCTP, we explore crosschain interoperability from the perspective of crosschain flow or net capital flow between chains. These findings contribute to the theoretical understanding of multi-chain ecosystems and have practical implications for risk assessment and capital efficiency in decentralized finance.