Ethereum To Fantom Bridge – Moving Coins From ETH To FTM Blockchain

February 1, 2024

What you'll learn 👉

How to bridge tokens from ETH/BSC/Polygon onto Fantom Network

There was a time when Bitcoin was the only one around and cryptocurrencies were largely unknown. Today, however, cryptocurrencies are growing in popularity at an unprecedented rate and as people realized more can be done than what Bitcoin offers, a number of different blockchains also started popping up having a variety of different functions.

Different blockchains have their set of advantages and shortcomings, however, these blockchains are largely isolated from each other. This limits decentralization and hinders advancements, as applications designed for one network can’t work with other networks thus limiting their potential for broader adoption.

This is where bridges come in. Bridges establish secure communication between different blockchains and allow the transfer of tokens or data from one blockchain to another. You can get the perks of different blockchains without leaving the host chain.

Most bridges work on a mint-and-burn protocol. When a token is bridged from one chain to another, the token is locked in the first chain and a fresh one is minted on the other chain.

When the holder of the minted token wants the original token, the minted token in the other chain is burned and the original locked token is released. This allows the amount and cost of the tokens sent between two chains to remain the same.

Quick summary: FTM to ETH bridge and ETH to FTM bridge

🌉 Topic	Description
🔄 Bridging Tokens	Explains how to bridge tokens from ETH/BSC/Polygon onto the Fantom Network, highlighting the role of bridges in connecting isolated blockchains to transfer tokens or data, enhancing decentralization and potential for broader adoption.
🔗 Best Fantom Bridges	Lists the best bridges for transferring tokens to the Fantom network, including Multichain, AnySwap, SpookySwap, and xPollinate, each offering unique features for cross-chain token transfers.
🛠️ Multichain.xyz	Describes Multichain.xyz as a cross-chain bridge for bi-directional token transfers across multiple blockchains, leveraging AnySwap for direct asset exchanges between DeFi ecosystems.
💱 AnySwap	Highlights AnySwap as a decentralized cross-chain swap protocol, enabling the minting of wrapped tokens and facilitating token exchanges across a wide range of blockchains.
👻 SpookySwap	Introduces SpookySwap as an AMM DEX for the Fantom Opera network with a bridge powered by AnySwap, supporting various tokens’ movement to and from Fantom without fees for non-FTM tokens.
🔄 xPollinate	Details xPollinate as a bridge enabling the movement of stablecoins between multiple EVM-based chains, facilitated by Connext, Li.Finance, and 1Hive.
📖 Bridging Steps	Provides a step-by-step guide for using Multichain.xyz to bridge tokens from Ethereum or Binance Smart Chain to the Fantom network, including connecting a wallet, selecting tokens, and transferring.
❓ FAQs	Answers frequently asked questions about bridging ETH to Fantom, sending Fantom to MetaMask, and the compatibility of Fantom with the Ethereum Virtual Machine (EVM).

Best Fantom bridges

Fantom is another one of those Ethereum-killers that aims to solve the problems Ethereum is stuck on — congested network and high fees. Fantom provides each application with its blockchain and allows parallel processing of transactions.

Bridging tokens from other chains to Fantom and from Fantom to other chains require using bridges that support both chains. Here are some of the best bridges for bringing tokens onto the Fantom network:

Multichain

Multichain.xyz is a cross-chain bridge that allows bi-directional token transfers for Ethereum, Binance Smart Chain, Fantom, Fusion, Heco, Polygon, and xDAI chains.

Multichain relies on AnySwap cross-chain bridge and lets you exchange assets directly between different DeFi ecosystems.

AnySwap

Anyswap is a fully decentralized cross-chain swap protocol, based on Fusion DCRM technology, with automated pricing and liquidity system. Using AnySwap, you can deposit coins into the protocol and mint-wrapped tokens in a decentralized way.

AnySwap also has a cross-chain DEX that allows the exchange of tokens or coins between any blockchains supporting the ECDSA or EdDSA cryptographic algorithm. This includes more than 95% of all chains, including ETH, BTC, XRP, XMR, XLM, LTC, TRX, XTZ, BCH, BSV, EOS, ADA etc.

SpookySwap

SpookySwap is an automated market-making (AMM) decentralized exchange (DEX) for the Fantom Opera network that also has a bridge. That bridge is powered by AnySwap and supports moving a number of different tokens from Ethereum, BSC, Arbitrum, Avalanche, and Polygon to Fantom and vice versa. There is no fee for bridging anything, except for FTM, into Fantom.

xPollinate

xPollinate.io is a bridge made possible by Connext, Li.Finance and 1Hive. It allows moving USDT, USDC and DAI stablecoins between multiple EVM based chains like Polygon, BSC, xDAI, Fantom, Arbitrum and Avalanche.

Bridging from Ethereum or Binance Smart Chain using Multichain.xyz – step by step

Follow to steps to learn how to bridge tokens from Ethereum or Binance Smart Chain to Fantom network and vice versa:

Go to multichain.xyz
Connect your Metamask wallet and make sure you are on the network you have your tokens on.
Make sure you have enough tokens for the gas fees.
Select the token you want to move from the source, making sure to pay attention to the network of the source and the destination.
Enter the amount you want to move.
Click transfer and wait, this may take a while.

Once the transfer is successful, your balance on the source chain will decrease and you should have your token on the Fantom network.

Read also:

FAQs

Below are answers to some of the frequently asked questions:

How do you bridge ETH to Fantom❓

If you want to move the native token of the Ethereum network, ETH, to Fantom, you first need to convert your ETH to wETH then use a bridge like SpookySwap that supports wETH to bridge it from Ethereum blockchain to Fantom. wETH is the ERC20 compatible version of ether.

Can you send Fantom to MetaMask❓

You can send FTM Opera tokens to any Ethereum address on MetaMask, but first, you need to configure your MetaMask wallet to access the Fantom blockchain. Follow these steps to do that:

Login to your MetaMask wallet.
Select Networks then select Custom RPC. If you are on the mobile app, go to settings then networks and select “Add Network”.
Fill in the fields as follows:
Network Name: Fantom Opera
New RPC Url: https://rpcapi.fantom.network
ChainID: 250
Symbol: FTM
Block Explorer URL: https://ftmscan.com/
Click Save. Fantom should now be available in the networks.

Transactions on the Fantom network require FTM which is the native token of Fantom, for a gas fee.

Is Fantom on Ethereum❓

Fantom Is a blockchain platform that aims to solve the scalability issues of other blockchains like Ethereum. It is a smart contract platform for digital assets and dApps.

Fantom is compatible with Ethereum Virtual Machine (EVM) which means dApps on Ethereum can easily be deployed on Fantom.
FTM, the native token of Fantom that is used for securing the network, paying for the network fees, Voting in on-chain governance, etc is available on ERC20, but it can’t be used directly on Fantom’s Opera mainnet.

Currently, there are three different types of FTM tokens in circulation:
Opera FTM: exists on Fantom’s mainnet Opera Chain.
ERC20: For the Ethereum network.
BEP2: For the Binance Chain network.