As you may know, crypto apps first started on Ethereum.
But today, Solana apps such as Jupiter, Kamino, Magic Eden, Sanctum, and pump.fun are becoming more popular.
However, for users on Ethereum, and other blockchains, to explore these apps, they need to transfer their crypto to Solana. This process is known as “bridging.”
The problem is bridging crypto can be complex, slow, and clunky. So, in this guide, we’ll explore all things bridging and show you how you can easily transfer your crypto from Ethereum, and other blockchains, to Solana.
What are crypto bridges?
Crypto bridges are solutions designed to facilitate the transfer of digital assets and information between different blockchain networks. As such, crypto bridges address the inherent siloed nature of blockchains, allowing assets, such as tokens, NFTs, or data, to move seamlessly across various networks. By doing so, crypto bridges enhance liquidity, usability, and accessibility of digital assets across the blockchain ecosystem.
Why should you use crypto bridges?
Using crypto bridges offers several significant advantages.
First, they enable greater liquidity by allowing assets to be used across multiple blockchain networks. This interoperability ensures that assets aren’t confined to a single blockchain, increasing their utility and market reach. For example, you can move tokens from Ethereum to Solana to take advantage of lower transaction fees and innovative apps such as Jupiter, Sanctum, or pump.fun.
Second, crypto bridges provide enhanced flexibility and accessibility. They allow you to engage with various blockchain ecosystems without needing to convert assets through centralized exchanges, which can be time-consuming and costly. This direct transfer capability promotes a more seamless user experience and supports decentralized finance (DeFi) principles by reducing reliance on centralized intermediaries.
Third, using crypto bridges can potentially lead to better investment opportunities. By accessing multiple blockchain platforms, you can diversify your investments, participate in a wider range of DeFi projects, and optimize your returns by taking advantage of varying interest rates, yield farming opportunities, and staking rewards across different networks.
The most popular crypto bridges
Portal by Wormhole, deBridge, and Allbridge are all among the leading crypto bridges — each offering unique features that cater to different user needs and security requirements.
Portal by Wormhole
Portal by Wormhole is a prominent cross-chain bridge that facilitates the transfer of assets and information between multiple blockchain networks, including Ethereum and Solana. The bridge is widely used for its speed and efficiency, making it a popular choice for DeFi applications and NFT transfers.
deBridge
Just like other crypto bridges, deBridge enables you to bridge assets between Ethereum and Solana. But what’s more interesting is that deBridge also supports various use cases—such as cross-chain swaps, lending, and yield farming—by facilitating seamless interactions between crypto apps on different blockchains.
Allbridge
Similar to Portal by Wormhole, Allbridge is a user-friendly and efficient cross-chain bridge that supports the transfer of assets across a wide range of blockchain networks—including Ethereum and Solana. Allbridge is known for its intuitive interface and broad network support, making it accessible to both novice and experienced users looking to engage with multiple blockchain environments.
Cross-Chain Swapper: The best ETH to SOL bridge
Portal by Wormhole, deBridge, and Allbridge are all fantastic solutions if you'd like to swap assets across different blockchains.
But even though they try to make the bridging experience as seamless as possible, transferring assets across crypto bridges is still complex, slow, and clunky—leading to a lot of frustration.
In order to abstract away the intricacies of crypto bridges, we've introduced our Cross-Chain Swapper.
This solution allows you to bridge tokens across Solana, Ethereum, and Polygon right in your Phantom wallet.
Here’s everything to love:
Bridge with ease: Transfer tokens across chains without going to centralized exchanges or using complex bridges.
Get the best deal every time: With optimized performance features, you get the best bridge route every time. Choose “Best Return” or “Fastest” transfer based on your needs.
Stay informed: **See estimated transaction time and cost, for every bridge option, so you always know the status of your funds.
Enjoy peace of mind: With our set of trusted providers, you can bridge with confidence and without worry.
How to set up a Phantom wallet?
If you’d like a friendly multichain wallet for crypto, DeFi, and NFTs, try us out. We offer browser extensions for Firefox, Chrome, Brave, and Edge, as well as apps for iOS and Android.
First, download Phantom. Then, create a new wallet.
If you’d like to fund, or send funds to, your Phantom wallet, you can do so via the “Buy” button on your asset tab. We offer various funding options, such as MoonPay, PayPal, and Robinhood to make it easy for you to fund your wallet.
Once you do that, you're ready to go.
How to bridge tokens from Ethereum (ETH) to Solana (SOL)
With our Cross-Chain Swapper, you can easily swap ETH to SOL, or any other ETH asset to a SOL asset and vice versa.
Here's how:
- Open your Phantom wallet
- Click the “Swap” tab below the wallet balance
- Select the ETH assets you'd like to use in the swap
- Next, select the SOL asset you'd like to swap the ETH asset for
- Fill out the swap form and select “Review Order”
- If you're happy with the cost calculation, submit the order, and sign the ensuing transactions
