MetaMask Launches Bridge Aggregator Feature
- MetaMask Bridges was designed to aggregate multiple blockchain bridges in one place, making it easier and more secure for users to transfer their assets from one network to another.
- The new feature currently supports the Ethereum, Avalanche, BNB Chain, and Polygon blockchains, as well as the Connext, Hop, Celer cBridge, and Polygon Bridge.
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Popular cryptocurrency wallet MetaMask has launched a new feature that will enable its users to easily bridge assets across multiple blockchain networks, the platform said via Twitter on 9 November.
According to the announcement, MetaMask Bridges was designed to aggregate multiple blockchain bridges in one place, allowing users to move their assets from one network to another without having to do research on which platform is the most reliable. While still in beta, the new feature will not charge any additional fees and supports 1:1 bridge transfers of up to $10,000 worth of Ether (ETH), Wrapped ETH (wETH), major stablecoins, and native gas tokens in a single transaction.
The new feature will be available through MetaMask’s Portfolio decentralized application (dapp), which was launched in September to allow users to monitor multiple MetaMask accounts and their assets in one place. Bridges already supports several major networks that are Ethereum Virtual Machine (EVM) compatible, including Ethereum, Avalanche, Binance Smart Chain, and Polygon.
The goal of Bridges is to not only provide the fastest or cheapest routes for users to move their tokens from one chain to another, but also the safest. MetaMask noted that security is paramount, and that each of the bridges currently available — Connext, Hop, Celer cBridge, and Polygon Bridge — has been curated by its team for security and decentralization. The Bridges’ team will continuously monitor each and every bridge to ensure security, high liquidity, and reliability standards. More bridges and blockchain networks will be made available in the future.
- Scheduled for 7 July, the suspension will impact AVA, SPELL, BIFI, ALPACA, POLS, ACH, SUPER, and FARM on the BNB Smart Chain, Fantom, Avalanche, and Ethereum networks.
- Binance clarified that trading of these tokens will not be impacted, and that users will still be able to deposit and withdraw them through alternative networks that do not involve the Multichain project.
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- The new partnership will expand on Twitter’s $Cashtags feature, which currently shows price data for a few chosen assets, and provide a wider range of crypto and stock prices.
- Twitter will also direct users to the investment platform through a “view on eTroro” tab, where they will be able to purchase or sale assets of their choice.
- MetaMask expanded its partnership with MoonPay to allow users in Nigeria to buy cryptocurrencies directly from its mobile wallet app and Portfolio dApp.
- MetaMask noted that the new crypto on-ramp feature will be expanded to other African countries in the coming month, including Kenya, Botswana, and South Africa.