How to Bridge to Fantom (2024)

Summary: For those looking to transfer assets across multiple blockchains to Fantom, Stargate Finance is a reliable and extensively vetted bridging solution. It seamlessly interfaces with popular wallets such as MetaMask, allowing for the transfer of assets like USDT directly to Fantom.

Our evaluation highlights that Stargate Finance is the top choice for a secure and capital-efficient means of moving assets from a range of layer 1 or layer 2 networks to Fantom. Boasting an impressive total value locked (TVL) exceeding $376 million, Stargate Finance has garnered the trust and investment of some of the most significant players in the decentralized finance space.

Can I Bridge to Fantom?

Yes, you can seamlessly bridge to Fantom from numerous layer 1 or layer 2 networks via credible cross-chain bridges. These services allow you to connect popular crypto wallets, such as MetaMask, to transfer assets. Common assets you might bridge include USDT, USDC, and other stablecoins. Fantom's compatibility with the Ethereum Virtual Machine (EVM) offers you a variety of trustworthy bridging options, guaranteeing a secure transition between chains.

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How to Bridge to Fantom

If you're considering moving your assets to Fantom, the choice of bridge is crucial not only for security but also for the capital efficiency of your transfers. Based on our thorough research, Stargate Finance emerges as a top-notch, reliable, and economically savvy option for bridging assets like USDT and various other tokens to Fantom. With Stargate Finance, you can enjoy the benefit of over $370 million in total value locked (TVL), which speaks volumes about its trustworthiness and provides ample liquidity for cross-chain activities.

Here's a simple 4-step guide to ensure a smooth transition to Fantom:

1. Navigate to Stargate Finance and link your digital wallet.
2. Select your starting chain (e.g., Ethereum or BNB Chain) and designate 'Fantom' as your target chain.
3. Opt for the token you'd like to move and input the amount. Check the transaction specifics as well as the estimated fee.
4. To finalize, hit 'Confirm Transaction' and adhere to the subsequent instructions from your wallet.

By following this guide, you're setting yourself up for a secure and efficient cross-chain transfer, all while utilizing the reliable features Stargate Finance and its developer LayerZero Labs offer.

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What are the Fees?

The fees associated with transferring assets to Fantom can vary based on the originating chain. For instance, if you're migrating assets from the Ethereum mainnet, you may encounter higher gas fees, which could be around $20, subject to the current gas market conditions. On the other hand, transferring from layer 2 chains to Fantom usually incurs more economical fees, generally between $5 and $10.

Stargate Finance charges a nominal fee for facilitating the cross-chain movement of assets, and it's impressively low, about $0.0001 per transaction. Additionally, if you plan on moving a large sum, particularly exceeding $100,000, it's important to be cautious of potential slippage. The larger the amount being transferred, the higher the risk of slippage, which can impact the overall value of your transaction.

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About Fantom’s Ecosystem

Fantom's ecosystem is an ever-growing arena featuring many decentralized applications (dApps), supported by its fast, cost-efficient network. The ecosystem hosts over 200 dApps and offers various financial services such as Decentralized Exchanges (DEXs), lending platforms, and more. Key players like SpookySwap and SpiritSwap add depth to its DEX offerings, while reputable oracle providers like Chainlink and Band Protocol ensure accurate data feeds.

The recent announcement of Fantom Sonic further amplifies the network's capabilities. Designed to scale the Fantom network to new heights, Sonic will deliver 2,000+ transactions per second with an average finality of one second. This breakthrough technology upgrade has garnered attention for its focus on speed, scalability, and reduced storage requirements, positioning Fantom as a leading choice for DeFi platforms, blockchain games, and other high-frequency applications.

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Bottom Line

In summary, Stargate Finance stands out as a premier, trustworthy option for anyone looking to transfer assets to the Fantom network. With its seamless integration with popular wallets like MetaMask and an impressively high total value locked, this bridging solution offers both security and liquidity. Whether you're a casual investor or a significant player in the DeFi space, Stargate Finance simplifies the cross-chain transfer process, ensuring you can move your assets efficiently while minimizing fees and risks.