The Smart Way To Bridge Polygon To Avalanche (AVAX)
June 20, 2023
3 min to read
Introduction: Polygon and Avalanche have emerged as two powerful ecosystems that provide users with fast, cheap and secure ways to participate in decentralized finance (Defi). Polygon is an Ethereum-compatible “Layer 2” scaling solution that allows for faster and cheaper transactions. Avalanche is a high-performance blockchain designed for trustless financial applications with a 2-second transaction finality that can handle 4500 TPS. This breakdown will showcase how you can bridge (transfer) coins and tokens from Polygon to Avalanche and vice versa.
Crypto assets are high risk and not regulated. Capital at risk.
Bridge Polygon (MATIC) to Avalanche (AVAX)
The competition has intensified in the last two years with more bridge operators emerging to help users transfer assets between blockchains.
As such, there are a variety of bridges that can be used to transfer tokens from Polygon to Avalanche, and vice versa.
When bridging assets between Polygon and Avalanche, there are several factors to consider such as transaction speed, cost, and the network's interoperability. Here are a few key points to keep in mind:
Bridging assets between Polygon and Avalanche can be a simple and cost-effective way to move your assets between different networks.
Below we have outlined two of the best bridging options to transfer assets between Polygon and Avalanche.
1. Bridge Polygon to Avalanche via Multichain Bridge
1. Visit theMultichain Bridge. 2. Connect your wallet (WalletConnect, Coinbase, Trust Wallet, XDEFI etc). 3. Select Polygon Mainnet to Avalanche Mainnet and choose an asset. 4. Enter an address, the amount and approve the transaction.
The cost of bridging assets between Polygon and Avalanche via Multichain is normally a $3-$5.
The specific cost of the transfer may depend on a number of factors, including the amount being transferred, current transaction fees, and other factors that can impact the cost of the transfer.
2. Bridge Polygon to Avalanche via Synapse Protocol
Another option is to use Synapse Protocol to conduct an asset transfer between Polygon and Avalanche.
1. Visit theSynapse Protocol. 2. Connect your MetaMask wallet. 3. Select OriginPolygon to Destination Avalanche. 4. Enter an address, the amount and approve the transaction.
Polygon & Avalanche Bridges
Bridging assets from Polygon to Avalanche is a fast and affordable option. Synapse Protocoland and Multichain Bridge are two recommended bridges with user-friendly interfaces and low fees. They both have high bridging volume and are trusted by many users.
About Polygon (Matic)
The Polygon Network (formerly known as Matic Network) is a Layer-2 scaling solution that enables developers to quickly and cost-effectively scale Ethereum applications. It provides a bridge from the Ethereum mainnet to its own sidechains, allowing for faster and more secure transactions.
About Avalanche (AVAX)
The Avalanche blockchain is a high-performance, secure and trustless platform designed for financial applications.
It is powered by consensus algorithms such as Avalanche Consensus Protocol (ACP) and X-Chain Protocol (XCP).
The Avalanche blockchain lets users create, deploy and manage distributed applications that can scale with the network through the use of subnets.
This allows for faster transaction speeds and improved security compared to other blockchains.
Conclusion: Bridge Between Polygon & Avalanche
To transfer assets between Polygon and Avalanche, user must use a cross-chain DEX or a bridge as these are two different networks. The biggest and most commonly used bridges to send assets from Polygon to Avalanche are Synapse Bridge, Multichain Bridge and Elk Finance.