A IBC transfer happens when a user moves an asset from one Cosmos chain to another. This is done by effectively locking an asset on one chain and minting a mirrored version of it on another IBC-enabled chain.
Map of Zones shows Osmosis with 1.39M IBC transfers in the last 30 days, while the number two ranking project, the Cosmos chain itself, has under 486,000 over that same time period.
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