Summary: Transferring assets from Ethereum to Polygon (formerly Matic) is possible and efficient through a cross-chain bridge like Stargate Finance. You can bridge assets by connecting your MetaMask or other Web3 wallet, and Stargate allows fast and secure transfers of tokens like USDC and USDT between the two networks.
Fees for this bridging process are relatively low, averaging around $15 USD per transaction. We found that WETH is the best token to bridge, due to its minimal fees and slippage, largely owed to the high liquidity provided by Stargate Finance.
- Fast and cheap USDC, USDT, DAI and WETH cross-chain swaps.
- Transfer from Ethereum, BNB Chain and 7 other networks to Polygon.
- Secure and audited multi-chain DEX backed by FTX, Alameda Research and more.
Can you Bridge from Ethereum to Polygon?
Yes, you can bridge assets from the Ethereum blockchain to the Polygon (formerly Matic) blockchain. This can be achieved by connecting your MetaMask or alternative Web3 wallet to a cross-chain bridge that enables transfers from Ethereum to side-chains like Polygon and other Layer 2 networks.
How to Bridge Ethereum to Polygon
The best way to bridge from Ethereum (ETH) to Polygon (MATIC) network is through a secure multi-chain DEX that allows you to migrate liquidity to different blockchains. We recommend the Stargate Finance Bridge because they offer safe and fast USDC and USDT transfers from an ETH wallet to a MATIC wallet.
You can get started with this simple guide:
- Connect your Metamask or Web3 wallet to Stargate Finance.
- Select USDC or USDT as your Token and ETH and MATIC as the two networks.
- Input the amount of USDC or USDT you want to transfer.
- Execute the transfer and wait 2 minutes for the tokens to arrive on your MATIC wallet.
ETH to MATIC Bridging Fees
The fees to bridge from ETH to MATIC are relatively low when you use the Stargate Finance platform. This because they have over $500 million in liquidity pooled across various networks, making it cheap and efficient to move between chains.
Overall, we estimate the average ETH to MATIC swap fee to total $15 USD, which is half the price of competitors like Synapse Protocol. For more information on Stargate Finance, you can read our review.
What is the Best Token to Bridge?
Our team tested bridging all of the available tokens on Stargate Finance and found that bridging WETH had the lowest slippage and lowest fees when transferring assets between Ethereum and Polygon. This is because WETH has the deepest liquidity on either side of Stargate's liquidity pools, which means you can transfer large amounts with minimal slippage.
In conclusion, transferring assets from the Ethereum blockchain to the Polygon network is both possible and efficient via a cross-chain bridge such as Stargate Finance. This platform offers secure and swift transfers of USDC and USDT from an ETH to a MATIC wallet, with bridging fees that are notably competitive. We found WETH to be the best token to bridge due to its low slippage and fees. Ultimately, Stargate Finance's high liquidity pool makes it an optimal choice for transferring assets between Ethereum and Polygon, marking an essential development in the ever-evolving DeFi landscape.