MetaMask Launches Bridge Aggregator to Move Tokens Across Blockchains – Game Changer?
Crypto wallet specialist MetaMask is launching Bridges, a new aggregator designed to allow the users of its flagship Portfolio decentralized app (Dapp) to easily move their tokens across chains.
“MetaMask Bridges is a bridge aggregator to help you find the best routes to move your tokens from one chain to another. Whether you’re being financially conscious or time efficient, you’ll find the best routing option in a few clicks,” the company said in a statement.
“Similar to how flight aggregators help you find the cheapest and/or fastest flight, MetaMask Bridges helps you find the cheapest and/or fastest route, so you know you’re getting a good deal. All in one window, and all in our Portfolio Dapp,” according to MetaMask.
Explaining the reasons which have pushed the company to roll out its new solution, MetaMask says that the past turbulent year “has been rife with bridge exploits” that put many crypto users at risk.
“Your crypto needs a secure way to travel. The security question is always, “How can the other side be convinced in a secure way to release the correct token amount to the correct person?” and we take that into consideration every time we select a bridge aggregator and individual bridges,” according to the statement.
MetaMask says its Bridges feature aims to provide the company's customers with a smooth transition as they switch between chains, aiming at a user experience that “is frictionless, intuitive, and convenient.”
As part of the project, the firm decided to integrate bridge providers in two layers: bridge aggregators and individual bridges.
Direct integration is provided with two bridge aggregators: Socket and LI.FI. In addition to this, via Socket and LI.FI, MetaMask supports a set of individual bridges: Connext, Hop, Celer cBridge, as well as Polygon Bridge.
“We did extensive research to vet these bridges, with the goal of developing an objective framework to select those that met our high bar for security and decentralization. We’re not being paid by any of these bridges to be part of this product (though we may have other partnerships with them) and have selected them purely based on our evaluation of their design,” according to the business.
MetaMask says that the bridges the firm is integrating for the solution’s initial launch consisting of:
- Polygon Bridge - canonical
- Connext NXTP - atomic swap
- Hop Exchange - optimistic (uses canonical L2 bridges)
- Celer cBridge - external validator / optimistic hybrid
The company says MetaMask products are used by more than 30 million users across the world.