How to Bridge from Avalanche Network to Fantom

Celer cBridge makes it quick, easy, and secure to bridge assets like USDT, USDC, and more from Avalanche Network to Fantom and from Fantom to Avalanche Network by following these simple steps:

Step 1:

Connect your wallet by clicking on the “Connect Wallet” button above in order to begin your cross-chain transfer.

How to Connect your wallet to begin your cross chain transfer between Avalanche and Fantom.

Step 2:

Select “Avalanche” in the “From” dropdown menu, select “Fantom” in the “To” dropdown menu, and then select the asset type you wish to bridge to Fantom.

Please Note: You will have to switch your wallet’s network to Avalanche Network in order to perform the cross-chain bridging of your selected token from Avalanche to Fantom.

How to transfer tokens and coins from Avalanche to Fantom.

Step 3:

Input the amount of the token you selected that you would like to transfer from Avalanche to Fantom in the “Send:” field. The estimated amount of that asset that is to be bridged to Fantom will be displayed in the “Receive (estimated)” field.

Bridging assets and coins from Avalanche to Fantom.

Step 4:

Review all of the Fantom bridge transfer information and cost estimates. If all of the cross-chain bridging transaction information is correct and acceptable, click the “Transfer” button and approve the transaction prompts to begin the cross-chain transfer.

Cost and time estimates when bridging assets from Avalanche to Fantom.

Step 5:

Wait for your cross-chain bridge transaction to Fantom to complete. You will then receive your bridged tokens on Fantom.

Please Note: Most cross-chain transfers are completed almost instantaneously, however some may take as long as 20 minutes to complete depending on how much traffic the chain is experiencing.

If you wish to see more details about the bridge transaction from Avalanche to Fantom, you can click the links in your “Transfer History” tab.

Secure, Fast, and low cost Avalanche to Fantom bridge.

For a more in-depth step-by-step guide on cross-chain transfers and crypto bridging see our full tutorial here:

https://cbridge-docs.celer.network/tutorial/cross-chain-transfer

Avalanche Network Information

Avalanche, as a layer one blockchain, is an open programmable smart contracts platform for decentralized applications. Similar to other layer one blockchains, Avalanche supports a wide spectrum of applications related to DeFi, gaming, NFTs, the metaverse, as well as support for stablecoins. Avalanche is composed of three key components that make up the blockchain: (1). The Platform Chain (P-Chain) which coordinates validators and the creation of subnets, (2). the C-Chain for the creation of smart contracts, and (3). the X-Chain for managing and exchanging assets.

As an Ethereum Virtual Machine (EVM) compatible platform, applications that are built using the Ethereum programming language Solidity are also able to be deployed on Avalanche with minimal modifications. This enables developers from one of the largest and widely adopted blockchain communities to build on Avalanche and to deploy custom private or public blockchains as “subnets.”

Avalanche / (AVAX) Current Information

Asset Full Name
Avalanche
Trading Symbol
AVAX

Description

AVAX is the native cryptocurrency of Avalanche with 720 million AVAX coins in circulation. AVAX is used to help drive development across the network and can be used for staking and paying for transaction fees. It can also be used in proposing and voting on future network upgrades. In other words, AVAX is the currency of Avalanche and the applications running on it. Whether you want to simply transfer some AVAX between wallets, receive some bridged tokens from another chain like Ethereum Mainnet, or use an application someone had built on Avalanche; anytime you interact with Avalanche you will be required to pay a small fee in AVAX.

Our cross-chain bridge, cBridge, supports the cross-chain bridging of AVAX between multiple chains with the fastest speeds, lowest costs, and most secure transactions available. The full name of this asset is Avalanche and the ticker of this asset is AVAX.

Fantom Information

Fantom, a layer 1 blockchain, is a “high-performance, scalable, EVM-compatible, and secure smart-contract platform.” With over 200 dApps launched on the Fantom mainnet, Fantom’s consensus mechanism, Lachesis, enables the delivery of fast transaction speeds, low transaction costs, and deterministic finality, while remaining permissionless, decentralized, and open-source.

Similar to other Ethereum Virtual Machine (EVM) compatible platforms, applications that are built using Solidity, the Ethereum programming language, developers can deploy on Fantom with minimal modifications. Fantom envisions a more connected and efficient blockchain ecosystem and is expanding its blockchain technology footprint.

Fantom (FTM) Current Information

Asset Full Name
FANTOM
Trading Symbol
FTM

Description

FTM is the primary token on the Fantom network, and is used for securing the network (as the main utility token) through staking, for governance, for payments, and for fees. With a total supply of 3.175 billion FTM tokens, FTM is available as native mainnet tokens, as ERC-20 tokens, and as BEP-2 tokens.

Our cross-chain bridge, cBridge, supports the cross-chain bridging of FTM between multiple chains with the fastest speeds, lowest costs, and most secure transactions available. The full name of this asset is Fantom and the ticker of this asset is FTM.

What is a Blockchain/Crypto Bridge?

Blockchain or Crypto bridges work just like the real thing, but instead of connecting physical places together, they are used to connect digital ecosystems together. These bridges can pass both information and assets between the bridged blockchains. We call this a cross-chain transfer.

As an example, if you have a need to use USDT on Fantom, and you have USDT on Avalanche Network and not on Fantom, you could either deposit more USDT specifically on Fantom, or you could find a Fantom bridge that will bridge your USDT from Avalanche Network to Fantom so you do not have to spend more to get additional USDT just because it is on Fantom.

There are also different types of bridging in terms of how the cross-chain transfer is done from a technical standpoint. There is liquidity-based bridging where there are liquidity pools of an asset on both the source and destination blockchains. There is also canonical-based bridging where an asset is locked on the source chain and a new asset that represents that locked asset is created on the destination chain.

Bridging and cross-chain transfers are not limited to just normal assets or fungible tokens either. Bridges can transfer and move non-fungible tokens (NFTs) between chains as well. cBridge supports 2 main models when it comes to NFT bridging, pegged NFT bridging and multi-chain native (MCN) NFT bridging. Pegged NFT bridging is similar to the canonical-based bridging mentioned above. The NFT is locked on the source chain and a new NFT that represents that locked NFT is created, or minted, on the destination chain. In the MCN NFT bridging model, however, a MCN NFT does not have the notion of “origin chain” or "original NFT". When transferring an MCN NFT from chain A to chain B, the only pattern is "Burn-and-Mint" so that there is always only one NFT across all of the chains.

Then there are the different levels of “trust” you can have in a crypto bridge. The two main types are trusted and trustless bridges. Trusted bridges depend on a central system or entity and require you to put your trust in them if you wish to use their bridge. Trustless bridges, like our own cBridge, are completely controlled by and run on automated smart contracts and algorithms that have the same security and stability as the blockchain itself.

Things start to get a more complex from there so if you are interested in learning more about the different types of bridges and the tech behind them, you can read through our documents here: https://cbridge-docs.celer.network/

What are the Benefits of Using a Blockchain/Crypto Bridge?

There are many reasons you may want to use a bridge to do a cross-chain transfer between different blockchains:

Lower transaction fees

You can take advantage of platforms with lower transaction fees and higher speeds when compared to more congested chains, like Ethereum Mainnet. Especially when exploring different decentralized applications (dApps). You can look at alternative chains, like BNB Chain, and bridge your USDC, or whatever other asset you wish to bridge, from Ethereum to BNB Chain. You can then get some of that chain’s utility token and will be able to enjoy the lower transaction fees and higher speeds afforded to chains like BNB Chain.

Take advantage of other dapps and opportunities on different blockchains

If you’ve been providing liquidity for lending out USDC on Avalanche Network, but see that the interest rate for lending USDC on Fantom is significantly higher; you can use a cross-chain transfer to move your USDC from Avalanche Network to Fantom in order to take advantage of that higher interest rate.

Explore other blockchain ecosystems

The Web3 world is growing fast and you now have more options than ever before when it comes to different blockchains and dApps on those chains. There are many different compelling reasons why developers are building on the chains they are and with all of this diversity it makes it difficult to select a chain to invest in. Bridges and cross-chain transfers help solve this issue. By giving you the ability to bridge assets like ETH, USDT, USDC, and BTC to different chains, this opens up your options when it comes to being able to explore alternate L1 chains and the native dapps and services that they provide.