Is $500 MN bridging volume == $500 MN in swap volume? Not all order flow is the same Based on 24hr volumes for both on @DefiLlama : swaps volumes are more than 10x the bridging volumes DEXs: $13 - $15 Bn volume across all DEXs Bridges: $1.2 -1.5 Bn volume across all bridges (& even messaging protocols) A protocol with $500 MN volumes in swaps daily is <5% of the overall volumes While a protocol with $500 MN volumes in bridge is 40% of the overall volumes