Thread by @CryptosEngineer

Bridges.

We have a multichain crypto universe now. You can use these bridges to move your tokens across different blockchains.

Check Top 14 Crypto Bridges.

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Bridges.

Cross-chain bridges enable the exchange of information, cryptocurrencies or NFTs from one blockchain network to another.

It allows data and tokens to flow across data sets that would otherwise be isolated from each other on different blockchains.

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There are several approaches to enabling cross-chain bridge transfers.

One approach is to use a wrapped token issued by the cross-chain bridge platform. With a wrapped token, the value of one token from a specific blockchain network can be encapsulated in another token.

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Another approach to enabling cross-chain bridge transfers is to use a liquidity pool.

With a liquidity pool, the cross-chain bridge provider maintains inventories or pools of different coins where one can be exchanged for another.

Think about this as a cross-chain DEX.

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@multichainxyz | $MULTI

Multichain (formerly Anyswap) is a fully decentralized cross-chain swap protocol.

It's based on Fusion DCRM technology, with automated pricing and liquidity system.

Multichain’s 1:1 swap enables users to perform swaps across > 40 chains.

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@Orbit_Chain | $ORC

Orbit Bridge is a bridge service that supports token conversion between mainnets and supports 15 blockchains and 58 tokens.

Orbit secures scalability and security between blockchain and IBC by BFT agreement of validator group based on staking.

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@wormholecrypto

Wormhole locks in an origin token with a smart contract, wrapping the coin in a Wormhole minted token on the target blockchain.

It supports @solana, @ethereum, @terra_money, @BNBCHAIN, @0xPolygon, @avalancheavax, @OasisProtocol and @FantomFDN.

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@Allbridge_io | $ABR

Bridge between EVM (like Ethereum, Polygon, BSC), non-EVM compatible (like Solana, Terra) blockchains, as well as L2 - blockchains.

The dynamic fees system allows Allbridge stakers to reduce transfer fees.

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@HopProtocol | $HOP

Hop is a scalable rollup general token bridge.

It allows users to send tokens from one rollup or sidechain to another without having to wait for the networks challenge period.

It works by involving market makers who front the liquidity.

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@DarwiniaNetwork | $CRAB

Darwinia Network is a decentralized cross-chain bridge network building on Substrate.

It provides a bridging solution and connects to Polkadot, Ethereum, TRON and other heterogeneous chains by cross-chain transfer of assets and remote chain calls.

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@CelerNetwork | $CELR

cBridge is a multi-chain network that enables fast, low-cost and any-to-any value transfers for many chains.

cBridge 2.0 supports two token bridging models:
Pool-based bridge model for canonical tokens
Canonical token bridge model (mint & burn)

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@symbiosis_fi | $SIS

Symbiosis is a decentralized multi-chain liquidity protocol.

It allows users to swap assets between all the blockchains while remaining the sole owners of the funds.

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@CCB_Bridge | $BRIDGE

The Cross-Chain Bridge offer:

• Token bridge using liquidity pools with a flexible deposit & claim approach
• Bridging support for network tokens and stablecoins
• Bridged collections for NFTs
• Permissionless self-listings of (fungible) tokens

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@ConnextNetwork

Connext powers fast, trust-minimized communication between blockchains.

You can use Connext to build crosschain applications (xapps) like:

• Bridges to transfer value between blockchains
• Interchain DeFi protocols
• Chain-agnostic NFTs and more!

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@StargateFinance | $STG

Stargate is a community-driven organization building the first fully composable native asset bridge, and the first dApp built on LayerZero.

Stargate's vision is to make cross-chain liquidity transfer a seamless, single transaction process.

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@SynapseProtocol | $SYN

Synapse connects blockchains by offering an extensible cross-chain communication protocol that supports assets & smart contract calls.

The first application built on it is the Synapse Bridge, which uses AMMs deployed across 15+ chains.

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@RangoExchange | $RANGO

Rango Exchange is a multi-chain platform for DEX and bridges.

Currently support more than 27 blockchains, 22+ bridges/DEXes, and 6 different wallets, with a modern and user-friendly UX in the market.

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@allianceblock | $ALBT

AllianceBridge is one of many @allianceblock products.

It allows swapping tokens and #NTFs across 6 chains.

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How to choose #crypto bridge?

Consider the below parameters:
• security
• UX/UI
• available tokens
• supported chains
• fees
• liquidity

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How to learn more about bridges?

Follow these accounts:
@thedefiedge
@milesdeutscher
@Route2FI
@PastryEth
@KoroushAK
@shivsakhuja
@Crypto8Fi
@DeFi_Made_Here
@ckaiwu
@danreecer_
@0xmisaka
@puntium
@nateliason
@Gojo_Crypto
@OnChainWizard

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If you enjoyed this and want to learn more about investing, cryptocurrency & finance:

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https://twitter.com/CryptosEngineer/status/1486395562618503172

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