Summary: Solana and Avalanche are two blockchain networks that are popular alternatives for users who wish to avoid the high fees on Ethereum. To bridge between these networks, you will need to use a secure bridging protocol like Allbridge.
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Solana is a high-performance blockchain network that is designed to support large-scale applications. The network uses a unique architecture that enables it to process transactions extremely quickly. In fact, Solana can handle up to 65,000 transactions per second. This makes it a great choice for businesses or organisations that need to process a large number of transactions quickly and efficiently.
Avalanche is another popular blockchain network option. Unlike Solana, Avalanche is focused on providing users with a more decentralised experience. The network is designed to allow users to create their own custom blockchain applications. This makes it a great choice for developers or those who want to have more control over their blockchain applications.
When bridging (transferring) your funds from Solana to Avalanche, there are only two bridging protocols you can use. The supported platforms are Portal Token bridge, the native bridge of Solana and Allbridge, a cross-chain bridging protocol that allows bridging between 12 networks.
We recommend using Allbridge as it offers considerably lower fees, shorter waiting (bridging) times and a more diverse selection of bridging assets.
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How to bridge from Solana to Avalanche
This guide outlines the easiest way for Australian investors to bridge cryptocurrencies from Solana tp Avalanche. In this example we use aaUSDC as the bridging token but you can also send ABR, APYS, AVAX, aaDAI, aaUSDT & aaWBTC. Follow the below steps to get started.
Select Solana and Avalanche as your two blockchains
Find the asset you want to send, we are using aaUSDC as the bridging token
Enter the amount of aaUSDC you want to send and your receiving Avalanche-supported address
Press ‘Approve’ and, confirm the Metamask transactions and select ‘Send’
Follow the prompts and your funds will be available to view in your Solana wallet
To watch a video walkthrough, follow this Allbridge guide on bridging to and from Solana.
Avalanche RPC details for Metamask
Before you send your funds to Avalanche, you will need to have the Avalanche C-Chain connected to your Metamask Web3 Wallet. To add it, simply select 'Add Networks' on your Metamask extension and fill in the details as per below.
Network Name: Avalanche Network
RPC Url: https://api.avax.network/ext/bc/C/rpc
ChainID: 43114
Symbol: AVAX
Block Explorer URL: https://snowtrace.io/
Solana and Avalanche Bridging Fees
Bridging between any networks can be an expensive endeavour, and it's important to consider the fees that are involved. To bridge from Solana to Avalanche on Allbridge you will need to cover two fees, the bridging fee which is 0.3% flat fee on all transactions and the network transaction fee (gas fee). On Allbridge the gas fee will typically range between $15-$20 AUD.
James O'Connell has been writing about traditional markets for over 5 years. He pivoted to writing about digital assets after learning about lending protocols like AAVE and Compound.