(Kitco News) - In a bid to help users navigate the ever-increasing number of blockchain protocols, the popular cryptocurrency wallet provider MetaMask has announced the launch of MetaMask Bridges, a tool that aggregates different blockchain bridges in one place.
The new tool was developed in conjunction with the blockchain software technology firm ConsenSys and is designed to help users find the best routes to move tokens from one chain to another.
As the cryptocurrency ecosystem expands with the addition of new users and blockchain networks, it has become increasingly challenging to know which bridging solution to choose to get the best deal.
MetaMask Bridges looks to remedy that by aggregating the top bridges in one location for users to evaluate and pick the best option. The platform supports the major blockchains that are Ethereum Virtual Machine (EVM) compatible, including Ethereum, BNB Smart Chain, Polygon and Avalanche.
The beta version of the tool currently supports 1:1 bridging of Ether (ETH), Wrapped Ether (WETH), Polygon (MATIC), Avalanche (AVAX), and major stablecoins, with a transaction limit of $10,000.
According to Metamask, bridge providers have been integrated into two layers: bridge aggregators and individual bridges. The company has tapped bridge aggregators Socket and LI.FI to provide users with the best bridging routes. The bridge providers currently supported by MetaMask Bridges include Connext, Hop, Celer cBridge and Polygon Bridge
Each option supports different networks and tokens, and they can vary in terms of cost, speed and security, so having one simple interface where users can compare and contrast the available options is key to helping reduce confusion.
To simplify the process further, MetaMask Bridges will automatically pick the bridge with the best price by default while also displaying the price and time estimates for users to choose from if they so desire.
During the beta period, the MetaMask fees associated with the service have been suspended and the company is continuing to explore adding support for additional EVM networks – such as Arbitrum and Optimism – as well as other popular cryptocurrencies.
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MetaMask users interested in trying out the new solution can do so through the recently released Portfolio Dapp from MetaMask, which allows users to view all their accounts and assets in one place.
“Using Portfolio Dapp not only allows you to view all your assets in one place, it’s a single dapp experience to bridge across commonly-frequented chains,” MetaMask said. “While connecting to the dapp only works for MetaMask users, non-MetaMask users can still utilize Portfolio View by using the ‘watch any account’ feature.”
MetaMask was originally launched in 2016 as a cryptocurrency wallet for the Ethereum blockchain, but has since expanded to include EVM-compatible networks in an effort to offer support for the most popular blockchain networks.
