The Quickest Way To Bridge Solana (SOL) to Fantom (FTM)
Jack Moreau
Feb 2023
3 min to read
Fact checked
Introduction: The cryptocurrency space is constantly evolving and two of the most recent blockchain entrants are Solana and Fantom. Both Solana and Fantom were designed to provide faster transaction speeds and increased scalability to the crypto ecosystem. In this article, we break down the different methods to bridge assets from the Solana (SOL) ecosystem to the Fantom Opera (FTM) ecosystem.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal.
Bridge from Solana to Fantom (FTM)
There are two ways to bridge assets from the Solana ecosystem to Fantom Opera. The first option, which is the most straight forward one, is to use Allbridge.
1. Bridge from Solana to Fantom using Allbridge
1. Visit the Allbridge website and connect your Solana wallet (Fantom, Sollet, Solflare or Exodus). Make sure to select from Solana to Fantom Opera.
Bridge from Solana to Fantom using Allbridge
2. Enter the address, the amount and click send
Allbridge Amount & Address
2. Solana to FTM Bridge: Portal & Synapse Protocol
This option comes with a higher cost as you need to transfer assets between Solana and Ethereum, and then Ethereum and Fantom.
Considering there are two transactions to and from the Ethereum blockchain, you can expect a total transaction cost between $5-$20 dollars.
Ethereum to Fantom: Synapse Protocol
About Solana
Solana is a Layer 1 blockchain that uses a Proof-of-Stake consensus mechanism powered by its native token, SOL.
Solana boasts incredibly fast transaction times of up to 400 milliseconds with block times processed in 15 seconds. This makes Solana one of the fastest and cheapest blockchains on the market today
About Fantom
Fantom is an asynchronous and byzantine fault-tolerant Layer 1 blockchain optimized for high performance and EVM compatibility. It uses a Proof-of-Stake consensus mechanism with its own combination of Byzantine Fault Tolerance and Ghost Protocols to improve efficiency.
Fantom's native token, FTM, is used to power the network and incentivize users to stake on the network. Fantom's fast transaction times of up to 1 second combined with low transaction fees has made it an attractive option for users.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal.
Author
Jack Moreau
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest crypto exchanges, wallets or DeFi applications.
