Ethereum News

MetaMask allows to move tokens on multiple blockchains with new DApp

MetaMask allows to move tokens on multiple blockchains with new DApp


Blockchain software technology firm ConsenSys continues working on expanding blockchain interoperability by introducing a new tool to the MetaMask wallet.

Metamask users can now bridge across multiple blockchain networks using MetaMask Bridges, which aggregates different blockchain bridges in one place, ConsenSys announced on Nov. 9.

MetaMask Bridges supports major blockchains compatible with Ethereum Virtual Machine (EVM), including Ethereum, Avalanche, the Binance Smart Chain and Polygon. The new tool allows bridges of Ether (ETH) and Wrapped Ether (WETH), major stablecoins and native gas tokens, the firm said.

The new bridge feature enables Metamask users to move tokens from one blockchain network to another without having to do research to find and choose a reliable bridge.

“There are a ton of different bridges out there, each supporting various networks and tokens,” MetaMask Bridges product manager Angela Potter told Cointelegraph. She noted that bridge costs, speed and security properties vary a lot from one bridge to another, requiring users to manually check a lot of data each time before proceeding with a bridge.

“MetaMask Bridges has curated the bridges that we think are the most decentralized and secure, and out of those, will recommend the best one for the user’s specific route,” Potter said. She added that MetaMask Bridges picks the bridge with the best price by default, but users can also see time estimates and pick the fastest one if they prefer.

The new bridge solution is available in beta to all MetaMask users via the Portfolio Dapp, a new decentralized application (DApp) allowing users to view multiple MetaMask accounts and their assets in one place. Launched in beta in September 2022, ​​the Portfolio Dapp now also allows users to bridge between networks in a few easy steps described by MetaMask.

“MetaMask is not charging any additional fees during the beta period, and bridging is limited to $10,000 per transfer,” Potter noted,…

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