Some blockchains offer lower transaction fees than others. By bridging the same asset to a more cost-effective blockchain, you can perform transactions and interact with dApps at a lower cost. For example, if you have SNT on Mainnet, you can bridge it to Optimism.
If you are unsure whether to bridge or swap assets, consider the following scenarios:
Scenario | Option | Notes |
---|---|---|
You want to use ETH on Arbitrum for lower fees. | Bridging | Move ETH from Ethereum to Arbitrum to access lower transaction costs and faster processing. |
You hold ETH and want to trade it for Arbitrum's native token. | Swapping | Trade ETH for Arbitrum's native token directly using a decentralized exchange within the same blockchain. |
You wish to access a dApp on Arbitrum that requires its native token. | Bridging | Bridge ETH from Ethereum to Arbitrum to interact with dApps not available on Ethereum. |
You have ETH and need DAI to lend on a platform on Ethereum. | Swapping | Swap ETH for DAI directly on Ethereum to use in lending applications without leaving the network. |
You want to diversify your crypto portfolio by converting some ETH to SNT. | Swapping | You may swap to take advantage of the crypto price movements. |