Arbitrum, a layer-two growing solution for Ethereumย (ETH), is an excellent way to solve speed, cost, and scalability complications with Ethereum.
In Part 1 of the Beginnerโs Guide to the Arbitrum Bridge, we discussed what Arbitrum is and how the Arbitrum Bridge works. In Part 2, we take a look at cross-chain transfers and how to connect Arbitrum to other trending blockchainย tech networks. Whether you want to connect Arbitrum to Ethereumย (ETH), Avalancheย (AVAX), Optimism, or zkSync, this detailed guide will show you how.
1) Using the Arbitrum Bridge to Transfer Cryptoย Tokens to Ethereum
Transferring ERC-20 cryptoย tokens from the Ethereumย (ETH) blockchainย tech to Arbitrum can provide numerous advantages. Firstly, the scalability allows for quicker transaction times, with the capacity to handle 4500 TPS (Transactions Per Second).
Furthermore, implementing โoptimistic roll-upsโ has resulted in lower transaction charges, making it a cost-effective growing solution. On the Ethereumย (ETH) mainnet, the standard gas fee is $10 (on a normal day). Althoughย while on Arbitrum, the typical gas fee is only about $0.10. And, Bridging cryptoย tokens to Arbitrum allows cryptoย token issuers to expand their user base and makeย better the overall user experience through enhanced scalability and reduced fees.
How to Usethe Aribtrum Bridge with Ethereum
- Go to the Arbitrum Bridge website.
- Connect your wallet to the platform. ( Plentyย of wallets, including Ledger Live, Coinbaseย Cryptoย exchange Wallet, and MetaMask, are available.)
- Select the investment ($ Ethereumย (ETH), $USDC, $USDT, and $DAI) you want to bridge.
- Input the number of tokens.
- Follow the prompts to finish the transaction.
The gas fee is paid in $ Ethereumย (ETH). So secure your wallet has enough Ethereumย (ETH) to pay the gas fee.
2) Using the Arbitrum Bridge to Transfer Cryptoย Tokens to Avalanche
The bridge betwixt Arbitrum and Avalancheย (AVAX) provides users with numerous advantages. The main advantage is lower gas charges compared to Ethereumย (ETH) mainnet. Forย example, Gas charges on Arbitrum average around $0.10, while on Avalancheย (AVAX), they are even lower at approximately $0.05.
Arbitrum and Avalancheย (AVAX) offer quicker transaction speeds than Ethereumย (ETH) mainnet. Additionally, Arbitrum and Avalancheย (AVAX) offer quicker transaction processing with average times of 2 seconds and 1 Second, respectively.
And, using the Arbitrum bridge with Avalancheย (AVAX) provides access to a broader selection of Decentralizedย Finance applications on Avalancheย (AVAX). Reportsย by DeFillama, Avalancheย (AVAX) has greaterย than 200 dApps, supplying users with more options for yield farming and trading. Nonetheless, Arbitrum likewise has greaterย than 200 dApps. Furthermore, Avalancheย (AVAX) has better liquidity. As of May 2023, Decentralizedย Finance on Avalancheย (AVAX) has surpassed $10B in total value locked, while Arbitrum has around $5B.
How to Use the Aribtrum Bridge with Avalanche
Users can transfer assets from one network to another by using a bridge service, such as Avalancheย (AVAX) Bridge, to connect Arbitrum to Avalancheย (AVAX) using theย next steps:
- Go to the Synapse Protocol website.
- Connect your wallet to the platform.
- Select the investment you want to transfer.
- Input the number of tokens.
- Follow the prompts to finish the transaction.
Inย theย caseย of bridging betwixt Avalancheย (AVAX) and Arbitrum, the Synapse protocol is one of the safest and most cost-effective options.
And, theย expenses of using Synapse for the bridge are about $10. This fee structure is noticeably less expensive than other platforms, which frequently charge betwixt $20 and $35. Using $SYN, the Synapse native cryptoย token, users can takeย advantageย of 0 percent slippage and lower transaction fees.
3) Using the Arbitrum Bridge to Transfer Cryptoย Tokens to Optimism
Optimism, a layer-two growing solution for Ethereumย (ETH), employs Optimistic Rollups to boost throughput and lower charges. This architecture lets Optimism handle transactions quicker and cheaper than Ethereum.
And, using the arbitrum bridge with Optimism with lower gas charges than Ethereumย (ETH) mainnet, averaging around $0.10 and $0.05, respectively. Similarly, Optimism offers quicker transactions in 1 second.
How to Use the Aribtrum Bridge with Optimism
- Go to the Across Protocol.
- Connect your wallet to the platform.
- Select the investment you want to transfer.
- Input the number of tokens.
- Follow the prompts to finish the transaction.
Synapse, Hop, Anyswap, and Multichain protocols are all solid options for transferring assets from Arbitrum to Optimism. Nonetheless, the Across protocol, a trusted Layer-2 cross-chain bridge, is the best way to connect Optimism and Arbitrum. The platform is the go-to bridge for layer 2 protocols on Ethereumย (ETH), such as Optimism, Arbitrum, Boba, Polygon, and numerous others.
4) Using the Arbitrum Bridge to Transfer Cryptoย Tokens to zkSync
zkSync is an L2 growing solution that utilizes zero-knowledge roll-up technology to strengthen transaction throughput and reduce charges. Inย doingย so, zkSync makes transactions quicker and cheaper.ย And, the Arbitrum bridge with zkSync provides plentyย of advantages for users, such as reduced gas charges, quicker transaction processing, enhanced security, and ease of use.
How to Use the Aribtrum Bridge with zkSync
- Go to the Orbiter Finance.
- Connect your wallet.
- Choose the cryptoย token you want to bridge.
- Select the zkSync network as the destination network.
- Enter the number of cryptoย tokens you wish to bridge and follow the instructions to complete the transaction.
Conclusion
The Arbitrum Bridgeโs simplicity and security make it a valuable tool for exploring opportunities in layer-2 and layer-1 networks. Similarly, Itย allows users to navigate and bridge betwixt different chains, including Ethereumย (ETH), Polygon, Optimism, Avalancheย (AVAX), ZKSync, and more.
