Gear up to bridge to Blast, the only Ethereum Layer 2 with native yield for ETH and stablecoins developed by Pacman? Check out this detailed, step-by-step guide, which makes it easy to bridge from over 20+ different blockchains.☄️
(Know More About Blast Network Before Reading: What is L2 Blast? 3 Steps to Increase Blast Airdrop Points!)
Why Bridge to Blast? Understanding the Benefits
Among the most promising EVM-compatible Layer-2 blockchains, Blast stands out as a formidable newcomer, poised to disrupt the L2 market. Unveiled in November 2023, this platform represents the latest innovation from the creators of Blur, a prominent NFT marketplace aggregator.
The innovative L2 stands with a visionary mission to address the risk-free rate on existing L2s, setting it at 0%. It distinguishes itself as more than just another Layer 2 solution; Blast proudly claims the title of the first and only Ethereum L2 with native yield for ETH and stablecoins through ETH staking and on-chain T-Bill protocols.
As time progresses, it has become unmistakably evident that Blast is more than just another L2; it represents a prosperous ecosystem where rewards, efficiency, and diversity converge to offer a whole new experience. Why do I assert this?
- Native Yield: Assets held on Blast will appreciate over time, reducing the impact of inflation.
- Remarkable Expansion: Within just four months, Blast’s Total Value Locked (TVL) has climbed to more than $2.4 Billion, highlighting the explosive and significant growth.
- Faster Transactions: Blast showcases considerably swifter transaction speeds than Ethereum. This can be pivotal for constructing applications that necessitate prompt interactions, such as GameFi, DeFi protocols, and NFT marketplaces.
- Wealthy and Vibrant Environment: Explore the extensive ecosystem of Blast, boasting more than 90 protocols. More than a mere platform, it’s a realm teeming with possibilities ready for discovery!
- Developer-Friendly Environment: Blast works by auto-rebasing, allowing smart contracts to opt-in to this rebasing mechanism. This feature makes it easy for existing Dapps to deploy on Blast without any changes.
- Co-prosperity Ecosystem: Blast programmatically returns net gas revenue to Dapps, allowing developers to keep it for themselves or subsidize user gas fees. 🤝
Embark on the Blast journey today – a fusion of speed, cost-effectiveness, and a vibrant ecosystem set to transform your on-chain experience!
Blast Official Bridge?How to Bridge to Blast Network? What are the Limitations of the Blast Official Bridge?
For many, the Blast network’s official cross-chain bridge appears as the go-to solution for transferring assets to Blast. Yet, it’s crucial to acknowledge certain constraints associated with the Blast official bridge:
- The Blast official bridge facilitates asset transfers exclusively between Ethereum and Blast, excluding connectivity with other Layer 1 or Layer 2 networks.
- It only supports mainstream stablecoins, ETH, wETH and stETH, requiring users to convert unsupported tokens into compatible ones for bridging purposes.
- The nature of Optimistic Rollups means withdrawals back to the Ethereum Mainnet will require two weeks to complete.
Given these considerations, users might find it more beneficial to use third-party cross-chain bridges for asset transfers to Blast Network. As outlined in this article, XY Finance offers a convenient and effective alternative for such transactions.
Bridge Crypto to Blast Step-by-Step Guide, from zkSync, Linea, Arbitrum, 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.
Refer to the comprehensive guide below for an easy and seamless cross-chain swap experience at the most competitive rates with 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. To view your past transaction records, you can click the ‘History’ button.
If your transaction cannot be completed, please raise a ticket in the XY Finance Discord. Our team will be happy to help you resolve the issue as soon as possible.
After Bridging to Blast: Explore the Diverse Blast Ecosystem!
Now that you can transfer your assets to Blast, feel free to explore the array of protocols within the Blast ecosystem! Whether engaging in GameFi, the NFT market, or lending, users have access to a variety of services. These protocols are readily available on the official Blast ecosystem website, providing a gateway to the platform’s full potential.
In our previous article on XY Blog, we spotlighted significant protocols within the Blast ecosystem, providing an in-depth analysis of Blast’s functionalities, advantages, and strategic roadmap for future growth. Take a look now!
(If you don’t know what interesting Dapps are on Blast, this article will take you to explore the Blast ecosystem: Exploring the Blast Ecosystem: Top 6 Dapps Introduction )
Security in Bridging Transactions
When transferring assets between different blockchain networks, it’s critical to ensure the security of your digital assets. To safeguard your assets during the bridging process, follow these essential practices:
- Verify the credibility of bridge services you intend to use.
- Carefully review the details of your transactions before confirming them.
- Keep your private keys and wallet information secure at all times.
- Remain vigilant against phishing sites and scam attempts.
Mastering the process of bridging assets to Blast is an invaluable skill for both cryptocurrency enthusiasts and DeFi practitioners. Our comprehensive guide is designed to enhance your DeFi knowledge, helping you become a more savvy participant in the blockchain ecosystem. Keep abreast of the latest trends in DeFi and continuously broaden your understanding of this rapidly evolving sector.
Other Bridging Tutorial for You
Still unsure how to bridge across different blockchains? Visit XY Blog for a complete guide and understanding!
- How to Bridge to Mantle Network from Arbitrum, Base, BNB, and More?
- How to Bridge to Polygon zkEVM from Polygon, zkSync, Arbitrum, and More?
- How to Bridge to Cronos from BNB, Ethereum, Avalanche, and More?
- 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.
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