How to Bridge to Fantom

Can I Bridge to Fantom?

Yes, you can bridge to Fantom from various blockchain networks using reliable cross-chain bridge services. These platforms integrate with popular cryptocurrency wallets like MetaMask, enabling smooth asset transfers. Commonly bridged assets include USDT, USDC, and other stablecoins. Fantom’s compatibility with the Ethereum Virtual Machine (EVM) ensures access to a wide range of established bridging solutions, providing users with flexibility and security.

‍

How to Bridge to Fantom

Bridging assets to Fantom requires a protocol compatible with the EVM-based layer 1 blockchain. Our analysis identifies Stargate Finance as a top choice for transferring tokens like USDT to Fantom due to its reliability and robust liquidity. With over $370 million in total value locked (TVL), Stargate Finance offers a secure platform for cross-chain transactions.

Follow these steps to bridge to Fantom using Stargate Finance:

1. Connect Wallet: Go to Stargate Finance and connect your cryptocurrency wallet.
2. Select Chains: Choose your origin chain (e.g., Ethereum or BNB Chain) and set Fantom as the destination.
3. Transfer Tokens: Select the token you want to bridge, enter the amount, and review the transaction details and fees.
4. Confirm Transaction: Click 'Confirm Transaction' and follow your wallet's instructions to complete the process.

‍

Fantom Bridging Fees

Transfer fees to Fantom vary based on the source blockchain. Transfers from Ethereum's mainnet incur higher gas fees, typically around $20, depending on current gas prices. In contrast, transferring assets from Layer 2 networks to Fantom is more economical, usually costing between $5 and $10.

Stargate Finance facilitates cross-chain asset transfers at a minimal fee, approximately $0.0001 per transaction. However, for transactions over $100,000, consider the risk of slippage, which can impact the final transaction value.

‍

About Fantom

Fantom is a high-performance, scalable smart contract platform using an aBFT consensus protocol, achieving near-instant transaction finality (~1 second) and minimal costs (< $0.01). Compatible with the Ethereum Virtual Machine (EVM), it supports seamless deployment of smart contracts. Fantom's decentralized, permissionless architecture supports a thriving ecosystem of DeFi, NFT, and GameFi dApps.

The latest upgrade, Sonic, enhances performance further, achieving 2,000+ transactions per second with improved storage efficiency.

‍

Bottom Line

Bridging to Fantom offers a secure, efficient way to transfer assets across blockchain networks. Using services like Stargate Finance ensures minimal fees and robust liquidity. With EVM compatibility and an advanced consensus protocol, Fantom provides a scalable, high-performance platform for decentralized applications.