%201.svg)
How to Bridge from Fantom to Arbitrum
When it comes to deciding where to bridge your tokens between Fantom and Arbitrum, you have only two options. SpookySwap and Synapse, both are DEXs (decentralized exchanges) that facilitate bridging on their platforms. We recommend using Synapse as they offer lower fees, faster bridging speeds and a wider selection of available bridging tokens.
In the example we will use Tether (USDT) as the bridging token, you can also send USDC, SYN, ETH, gOHM, nETH & nUSD. Follow the below steps to get started:
- Visit Synapse and connect your Web3 Wallet.
- Select Fantom and Arbitrum as the two networks.
- Input the amount of USDT you want to bridge.
- Confirm the two transactions on Metamask and your funds in will arrive in your wallet within a minute.
Fantom and Arbitrum RPC Details
You will first need to add the Fantom and Arbitrum networks to your MetaMask before you can bridge. You can find the RPC details for both networks below:
- Network Name: Fantom Opera
- RPC Url: https://rpc.ftm.tools/
- ChainID: 250
- Symbol: FTM
- Block Explorer URL: https://ftmscan.com/
- Network Name: Arbitrum Mainnet
- RPC Url: https://arb1.arbitrum.io/rpc
- ChainID: 42161
- Symbol: ETH
- Block Explorer URL: https://arbiscan.io/
About Fantom Network
Fantom is a distributed ledger technology (DLT) platform which claims to be the world’s first “DAG-based smart contract platform.” Fantom aims to process transactions quickly and with little cost, while also being scalable. The Fantom Foundation, which is based in Singapore, governs the Fantom network.
Fantom’s native token is the FTM, which is used to fuel transactions on the network. The FTM token is an ERC-20 token and was distributed through a private sale and public sale in 2018. The Fantom platform is designed to be compatible with existing smart contract platforms such as Ethereum, Avalanche, and Arbitrum. This means that developers can build decentralized applications (dApps) on Fantom without having to learn a new programming language.
About Arbitrum
Arbitrum is a Layer 2 protocol for building decentralized applications that is scalable, private, and secure. Arbitrum enables developers to build apps that are resistant to tampering and censorship, while remaining fast and lightweight. The Arbitrum protocol is based on Ethereum, making it compatible with existing Ethereum tools and infrastructure. Arbitrum is developed by a team of researchers at the University of California, Berkeley.
The Arbitrum protocol is designed to address two of the major challenges facing Ethereum and other blockchain platforms: scalability and privacy. Arbitrum's unique design enables transactions to be processed off-chain, without compromising security or decentralization. This allows Arbitrum apps to scale without sacrificing trustlessness or censorship resistance.
Final Thoughts
Bridging tokens between the Fantom and Arbitrum networks can be an intimidating task, but it doesn’t have to be. With Synapse, you have a dependable platform that helps make the process simple and straightforward. With lower fees, faster transactions speeds and an ever-expanding selection of bridging tokens, it’s the perfect platform to bridge your tokens between these two networks. Give it a try and see how easy it is. Happy Bridging!
