Unsure about how to bridge crypto to Scroll? Our article offers a detailed, step-by-step guide, simplifying the process of bridging across 20 different blockchains.
(Know “What is Scroll?” Before Reading: https://blog.xy.finance/what-is-l2-scroll-get-to-know-everything-you-need/)
Why Bridge to Scroll? Understanding the Benefits
2023 can be considered the year when zkEVM officially joined the competition in Ethereum’s Layer 2 (L2) landscape. With the successive launches of zkSync Era and Linea, Scroll, praised by Ethereum co-founder Vitalik Buterin for its highly extensive EVM compatibility, officially launched its Mainnet in October.
Over the past few months, people have realized that Scroll isn’t just another platform; it’s an ecosystem where speed, efficiency, and diversity converge to provide an unmatched experience. Why do I say that?
- Skyrocketing Growth: Witness the phenomenal success of Scroll! In just two short months, we’ve surged to nearly 20 million in Total Value Locked (TVL), showcasing our rapid and impressive growth.
- A Diverse and Thriving DeFi Ecosystem: Dive into Scroll’s vast DeFi landscape with over 50 protocols at your fingertips. It’s not just a platform; it’s a universe of opportunities waiting to be explored!
- Lightning-Fast Transactions: Tired of the snail-paced transaction speeds? Scroll offers a swift, efficient alternative to Ethereum, ensuring your trades are faster than ever.
- Dramatically Lower Costs: Say goodbye to hefty fees! Experience cost-effective trading on Scroll, where gas fees for token swaps are a mere fraction (1/25th) of what you’d pay on Ethereum.
- Optimized for On-Chain Efficiency: Regularly engage in on-chain activities? Scroll is your ideal partner, significantly boosting your efficiency while minimizing your expenses.
Join the Scroll revolution today – where speed, cost-efficiency, and a rich ecosystem blend to redefine your DeFi experience!
How to Bridge to Scroll? Why is the Scroll Official Bridge not the Best Choice?
For most users, utilizing the official cross-chain bridge is likely the simplest method to transfer assets to Scroll. Nonetheless, there are some drawbacks to the official Scroll cross-chain bridge:
- It only facilitates asset transfers between Ethereum and Scroll, excluding other L1 or L2 networks.
- The range of supported tokens is limited. Tokens not supported require conversion into other tokens before being bridged.
- Token withdrawal cannot be completed in a single transaction; users must ‘claim’ their tokens after initiating the withdrawal process, which costs higher on gas fee.
Considering these factors, it’s advisable for users to opt for third-party cross-chain bridges for transferring assets to Scroll. XY Finance, as detailed in this article, presents a user-friendly and efficient choice for this purpose.
Bridge Crypto to Scroll Step-by-Step Guide, from Arbitrum, zkSync, Linea and other L2s
XY Finance is a cross-chain bridge aggregator that operates on 20 EVM chains including Base, zkSync, Arbitrum, Optimism & more. XY Finance’s user-centric approach allows for easy token swaps between different chains, ensuring the best route and optimal prices for users.
Simply follow the detailed guide provided below to enjoy a smooth and effortless cross-chain swap at the most competitive price via XY Finance!
⓵ Visit Swap page and Click “Connect”
Start your cross-chain journey
⓶ Connect Your Web3 Wallet
Up to 9 of the most common wallets available!
⓷ Select the Tokens & Chains Accordingly
Cross-chain or single-chain swap are both available.
Be sure to choose the correct chains and tokens.
⓸ Check the Details
Choose the route and double check the swap rate & fees.
⓹Approve & Confirm to Swap
Click “Swap & Bridge” and confirm the message from your wallet.
(For the first time, users need to approve the token to allow #XYFinance access.)
⓺ Wait for the transaction to be completed
Transaction status can be tracked on the screen
In most cases, cross-chain transactions will be completed within minutes. Users can click on the “History” button to view past transaction records.
If your transaction cannot be completed, please open a ticket in the XY Finance Discord. The team will be happy to help you resolve the issue as soon as possible.
After Bridging to Scroll: Exploring Promising Scroll Ecosystem!
Once users have successfully moved their assets to Scroll, they can begin exploring the variety of protocols available within the Scroll ecosystem. Whether it’s trading perpetual futures, purchasing and selling NFTs, or borrowing against assets, protocols offering these services can be found on the official Scroll ecosystem website.
In prior articles on XY Blog, we have highlighted noteworthy protocols on Scroll and offered comprehensive insights into Scroll’s features, benefits, and future development strategies.
Moreover, if you would like to know which protocols to interact with to increase your chances of getting Scroll airdrop, just check the article below!
(Your Step-by-Step Guide to Qualify for Potential Scroll Airdrop!)
Security in Cross-Chain Transactions
Ensuring the security of your assets is crucial when bridging between different blockchain networks. To maintain the safety of your digital assets during this process, adhere to the following tips:
- Verify the authenticity of bridge services.
- Carefully review transaction details before finalizing them.
- Keep your private keys and wallet information secure.
- Be vigilant against phishing sites and scams.
Mastering the process of bridging assets to Scroll is an invaluable skill for cryptocurrency and DeFi enthusiasts. This comprehensive guide is designed to enhance your understanding of DeFi and help you become a more knowledgeable participant in the ever-evolving blockchain technology landscape. Keep yourself informed about the latest trends in DeFi and continue to broaden your grasp of this dynamic ecosystem.
Other Bridging Tutorial for You
Still unsure how to bridge across different blockchains? Visit XY Blog for a complete guide and understanding!
- How to Cross-Chain Swap? Bridge Assets Across 20+ Blockchains
- How to Bridge & Swap Crypto from Arbitrum to zkSync?
- Cross-Chain Bridge Crypto from Ethereum to Base
- Cross-Chain Bridge Crypto from Optimism to Arbitrum
About XY Finance
XY Finance is a cross-chain interoperability protocol aggregating DEXs & Bridges. With the ultimate routing across multi-chains, borderless and seamless swapping is just one click away.