Summary: The best way to bridge to Astar from any major Layer 1 or Layer 2 network is with the Celer Bridge. With this method, you can easily connect your MetaMask Wallet and bridge popular tokens like USDC, WETH, USDT and more to take advantage of the new and emerging DeFi ecosystem on Astar.
Continue reading our simple guide below to get started minutes.
Can you Bridge to Astar?
Yes, you can bridge from Ethereum or another network to Astar by utilizing effective cross-chain solutions such as the CBridge. This DeFi application enables smooth asset transfers, including ETH, USDC, USDT, and DAI from networks like Arbitrum and Ethereum directly to Astar. The procedure requires integration with a Web 3.0 wallet (e.g MetaMask), specifying the origin and destination chains, selecting the desired token and its quantity, and ultimately executing the transaction.
How to Bridge to Astar
Based on our research, we found that Celer Bridge is the best way to transfer assets from Ethereum mainnet (and other networks) to Astar. Their platform is compatible with MetaMask, Coinbase Wallet, WalletConnect and other Web 3 wallets and allow users to seamlessly bridge a variety of tokens to the Astar blockchain.
Follow this simple 4 step guide to securely transfer assets to Astar:
- Visit Celer Bridge and connect your Web 3 Wallet.
- Select Astar as your destination chain.
- Select the token you want to bridge and input the amount.
- Review the details and click 'Send'. The tokens will arrive in under 5 minutes.
What are the Fees to Bridge to Astar?
The fees to bridge to the Astar network will vary depending on the blockchain you are transferring assets from. For example, Ethereum may be more expensive because gas fees are generally around $10-$20 per transaction. That said, Layer 2's like Arbitrum and Optimism will be significantly cheaper and cost no more than $1 to bridge to Astar.
What are Popular DeFi Apps on Astar?
According to Defillama, Astar has a rapidly growing decentralized finance (DeFi) ecosystem with over $26m in TVL on the network. Some of the most popular exchanges include Algem, ArthSwap, AstridDAO, Avault and siO2 Finance.
Due to the Astar DeFi ecosystem being relatively new and nascent, we recommend using these applications with extreme caution. A lot of the platforms have not received smart contract audits and may be subject to exploits and other bugs.
In conclusion, bridging to the Astar Network from Ethereum and other Layer 1 or Layer 2 blockchains is now more accessible with the Celer Bridge. By following the simple 4-step guide, users can easily transfer assets and take advantage of the emerging DeFi ecosystem on Astar. While the fees to bridge may vary depending on the blockchain, Layer 2's like Arbitrum and Optimism are significantly cheaper. As Astar's DeFi ecosystem continues to grow, it is important to use caution when using these new and untested platforms.