How to Bridge Cryptocurrencies from Ethereum to Solana
Summary: In this step-by-step guide, we show Australian investors how to bridge (transfer) cryptocurrencies from Ethereum to Solana. If you want to send tokens to the Solana network you have to go through Portal Bridge, the native bridge of Solana.
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Ethereum is a decentralised, open-source blockchain network with smart contract functionality created in 2013 by a programmer, Vitalik Buterin. It is second only to Bitcoin in market capitalisation on the global cryptocurrency markets. Ethereum was conceived in 2013 by programmer Vitalik Buterin and has maintained its status of being the best blockchain in the world.
Solana is a blockchain network designed to host decentralised, scalable applications like DeFi dApps (decentralised applications) and NFTs. It aims to scale beyond what is typically achieved by popular blockchains like Ethereum while keeping costs low. The network boasts a supposed 65,000 transactions a second with near-zero fees.
Where can I bridge crypto from Ethereum to Solana?
There is only one way to bridge your cryptocurrencies from any network to the Solana blockchain and that is through Portal Token Bridge, the native bridge of Solana. Solana is not an EVM-compatible network therefore users cannot store their funds on popular wallet providers like Metamask. To use this bridge you will need to have a Solana Web3 wallet like Solflare.
How to bridge cryptocurrencies from Ethereum to Solana
Bridging cryptocurrencies from Ethereum will require you to have two Web3 wallets - an Ethereum one like Metamask and a Solana one like Solflare. Before you follow these steps you will need to have both wallets installed. You can refer to the paragraph below for Solana-supported wallets. In this guide, we use Ethereum as the bridging token but there are other cryptocurrencies you can bridge. Follow the below steps to get started.
Find the token you want to send, in our example we use Ethereum
Type in the amount of Ethereum you want to send and select ‘Next’
Follow the prompts and approve the transactions, then enter your receiving Solana address and the funds will arrive in your wallet within 30 minutes
Solana Crypto Web3 Wallets
Before you bridge your tokens from Ethereum to Solana you will first need to add a Solana-supported wallet provider. These are the Web3 wallets currently supported on Portal Token Bridge - Solflare, Sollet, Torus, Phantom, Clover, Coin98, Slope, Solong & Exodus.
Available bridging tokens on Portal Bridge: ETH to SOL
Portal Token Bridge allows the sending and receiving of the following tokens (with available markets):
Ethereum (ETH) via Solend, Orca, Saber, Tulip, Port, Sunny, Francium, Raydium, Atrix, Dexlab Huobi BTC (HBTC) via Saber Decentraland (MANA) via Francium, Raydium Yearn.finance (YFI) via Dexlab 1inch Network (1INCH) via Dexlab Solana USDT (USDTso) via Jupiter agEUR (AGEUR) via Saber USDK (USDK) via Saber, Sunny UniSwap (UNI) via Radium, Tulip, Francium, Dexlab Cream (CREAM) via Dexlab The Sandbox (SAND) via Radium, Francium Binance Coin (BNB) via Radium, Francium, Atrix, Dexlab Solana USDC (USDCso) via Jupiter PAX Gold (PAXG) via Dexlab Serum Wormhole from Ethereum (SMRET) via Saber, Almond Hxro (HXRO) via Dexlab Binance USD Wormhole (BUSDet) via Siber, Sunny FTX (FTT) via Saber, Almond, Tulip, Sunny, Dexlab, Mercurial Chainlink (LINK) via Atrix, Dexlab USD Coin (PoS) USDCpo via Saber, Jupiter Lido DAO (LDO) via Jupiter Dai (DAI) via Saber, Mercurial, Jupiter, Sunny SushiSwap (SUSHI) via Radium, Francium, Tulip, Atrix, Dexlab Binance USD Wormhole from BSC (BUSDBS) via Saber, Sunny, Mercurial Aave (AAVE) via Dexlab Matic Wormhole (MATICPO) via Atrix Avalanche (AVAX) via Atrix Solana (SOL) via Jupiter Tether USDT (USDTet) via Saber, Mercurial, Jupiter, Sunny Terra (LUNA) via Saber, Sunny, Atrix, Mercurial