FTM Bridge From Solana. How To Bridge From Fantom To Solana In 2022
To get down to the point, if you wish to move your money, assets, or holdings from Solana to Fantom Opera, you’ll need to make two separate transfers using two different bridge protocols, such as:
- With Wormhole’s PORTOL, you may easily convert your Solana (SOL) to Ethereum, a more popular cryptocurrency (ETH). Only cryptocurrencies encased in a wormhole may use the bridging services provided by the Portal, and the number of transactions for these coins is not restricted in any way.
- Synapse Protocol is a bridge protocol that converts ETH to FTM and facilitates the transfer of assets, money, and holdings to their ultimate destination.
How To Get The Solana-FTM Bridge Done
Solana may be bridged to FTM in the same straightforward manner as other cryptocurrencies such as ETH or USDC. As discussed, two distinct cross-chain bridging decentralized programs are needed: one to bring Solana onto the Ethereum (ETH) virtual machine and another to bring the ecology of the SOL network onto the Ethereum blockchain.
There are a few simple actions that consumers must do to accomplish this.
Portal Token Bridge Procedures ( SOL to ETH)
- To begin receiving transactions, you must first have a wallet capable of storing Ethereum, such as Metamask.
- Second, decide which token you have in Solana that you want to move to Fantom by using the PORTOL bridge.
- Finally, choose Ethereum as your final destination chain (ETH).
- Lastly, you should confirm (double-check) and authorize the deal.
Tokens will soon arrive in your first Ethereum wallet connection if you follow those procedures.
Procedures for the Synapse Test (ETH to FTM)
Your assets in the SOL ecosystem may be transferred to the FTM environment using the Synapse Protocol, but only after receiving them in an Ethereum wallet after PORTOL transactions.
- You may choose the number of tokens or assets you want to Bridge to Fantom from Ethereum by filling in the fields provided.
- The BRIDGE button may be accessed when the asset’s value has been selected.
- Your Solana (SOL) token has been successfully converted to a Fantom (FTN) token (FTM).
Fees On The Bridge From Solana To FTM
The Solana Network’s transaction fees are among the lowest in the industry, at less than 1 cent for every transaction. To go from SOL to FTM, you’ll need to utilize several different decentralized applications, some of which might add up in cost when transacting on the ETH network.
On the other hand, if you wish to convert your ETH to SOL, you will have to pay high gas costs, which are often quite expensive and may be anywhere from $100 to $150 for every transaction. Therefore, transferring many tokens or other assets from Solana to FTM may be costly.
Final Words
To transfer assets from the Solana Network environment to the Fantom ecosystem, we described the Solana to Fantom bridge in the preceding article. In addition, we discussed a comprehensive tutorial on how to use apps as a bridge. Transferring from SOL to FTM with bridging costs was also proposed.