Arbitrum is a layer 2 network for the Ethereum network and the native ARB token is circulating on this network. There are several ways to exchange assets within the Arbitrum network - ARB token for user tokens. But to connect the Arbitrum network with other blockchains allows the use of bridges. The easiest way to do this is with Ethereum, although bridges can connect the Arbitrum network to many other blockchains as well. In this article we will present a selection of the best blockchain bridges on Arbitrum, briefly describe their disadvantages and advantages.
Defiway Bridge
Defiway blockchain bridge is the leader in terms of its consumer qualities. Ethereum network users should add Defiway to their bookmarks, as it provides token exchange in different blockchains with minimal commission costs. Defiway's interface is intuitive and the exchange of digital assets between different networks is almost instantaneous. The exchange commission is only 0.2%, which is the lowest commission rate among all the bridges listed in the review. Exchange security is enhanced by the use of multi-signature technology.
Supported exchange destinations are:
- Ethereum.
- BNB.
- Polygon.
- Tron.
- BASE.
- Arbitrum One.
- Avalanche C-Chain.
- BTC.
- Cronos.
- Optimism.
This is one of the few bridges that supports the exchange of digital assets on the Tron network. Its advantages are speed and cheapness, and a small disadvantage is the small selection of blockchains to exchange. Defiway has a mobile app that supports cryptocurrency storage and many other Defi features.
Circle CCTP
Also of considerable interest is the Circle CCTP project. It is a blockchain bridge that allows you to exchange USDC stablecoin for digital assets on networks such as:
- Ethereum. The first most popular network for USDC exchange.
- Arbitrum. This network consistently ranks second in terms of the volume of transactions through the blockchain bridge.
- Base. The network, which is supported by the Coinbase exchange, also has considerable popularity in the cryptocurrency community.
- Avax. One of the real competitors of Ethereum.
- Optimism. One of the most promising second-tier solutions for Ethereum.
- Polygon. One of the first Layer 2 networks for Ethereum is not going to give up its position.
To use Circle CCTP bridge, you just need to go to the Circle exchange site and authorize there as a user. Developers will be interested in CCTP technology as a way of exchanging assets with burning and minting.
Arbitrum Bridge
Arbitrum Bridge is perfect for transferring digital assets from the Arbitrum network to the Ethereum mainnet. This bridge works flawlessly in the opposite direction as well. If for some reason you are not satisfied with this method, you can choose any other bridge from those available on the Arbitrum Bridge website. The Arbitrum Bridge site also has links to infrastructure, gaming, NFT and other projects on the Arbitrum network. It's a whole portal for getting to know the Arbitrum network, with lots of tools and tutorials. The Arbitrum Bridge site will be interesting for both experienced and beginner users.
Across
Across Bridge allows you to work with Arbitrum and Ethereum, as well as with other cryptocurrency networks. Exchange through Across bridge is safe and fast, but it cannot be called particularly cheap.
Across supports exchange destinations such as:
- Ethereum mainnet.
- Arbitrum One.
- Optimism.
- Linea.
- Mode.
- Polygon Network.
- ZkSync Era.
Across also allows you to contribute your coins to pools and earn rewards in other ways. The optimal bridge for those who keep their main capital in the Ethereum network and are not going to miss opportunities in other networks, including L2.
Stargate Bridge
Stargate Bridge is definitely worth a look among those who work professionally with the Arbitrum network and other blockchain networks. Just look at how many tokens there are in various networks, and all of them can be exchanged between each other.
Among the disadvantages of Stargate we can mention the relatively high exchange fee. Also on the Stargate site there are opportunities to contribute tokens to the pool, participate in lucrative farming programs and earn passive income through steaking.
Orbiter.finance
Orbiter.finance is an easy and fast option for exchanging Ethereum tokens on different L2 networks. Among the Ethereum L2 networks that Orbiter.finance supports are:
- Linea.
- ZkSync Era.
- Taiko.
- Arbitrum.
- BASE.
- Scroll.
- Optimism.
Orbiter.finance also supports a large number of new and experimental networks. Those interested in Layer 2 blockchain networks for Bitcoin will not be able to pass by such exchange destinations on the Orbiter.finance such as BOB, B2 Network, as well as Merlin, BEVM Mainnet, and BitLayer. The halving interest in Bitcoin is fueling the development of second layer projects for Bitcoin. A bridge to connect to such networks is definitely worth considering.
DeBridge
ARB tokens can also be exchanged for other digital assets using the DeBridge bridge. It's not just a bridge, there's also a whole infrastructure for running smart contracts, extensive documentation and an active community. You can be sure of the speed and security of the exchange, but the exchange fee will remain quite high.
The set of networks for token exchange can be called exotic. Not only is Solana among the exchange destinations, there are destinations that are practically nowhere to be found yet.
- Ethereum.
- BNB token.
- Polygon.
- Arbitrum.
- Avalanche.
- Solana.
- Linea.
- Optimism.
- Base.
- Neon.
- Gnosis.
- Lightlink.
- Metis.
For those interested in various new blockchains, DeBridge, where blockchains are linked together, will be a field for many token exchange experiments.
Conclusion
The Arbitrum network and the ARB token will be of interest to experienced users who are already familiar with the Ethereum network and smart contracts in practice. The opportunities that the Arbitrum network offers to users and developers have the potential to fundamentally change the world of cryptocurrencies.
Custom tokens, GameFi gaming projects, NFT and other digital assets are already being issued on Arbitrum. And a major Atlas update has the potential to reduce the cost of transactions in the Arbitrum network by 10 times. The Atlas upgrade is expected to be realized by the end of 2024. Such an interesting cryptocurrency like ARB is quite reasonable to buy into your cryptocurrency portfolio. Try making such a purchase using Defiway Bridge for an experiment.
Bridging is a blockchain communication technology that takes fuller advantage of decentralization. It provides a convenient user experience and minimal exchange fees. This opens up new opportunities for both users and DeFi app developers.
