Cheapest way to bridge to Arbitrum
Umbria’s Narni bridge provides the cheapest and fastest way to transfer ETH between Ethereum and Arbitrum One blockchains
The Narni bridge facilitates the market’s cheapest and fastest movement of $ETH between the Ethereum Mainnnet and Arbitrum One (the chain implementing Arbitrum’s tech).
Visit Narni’s Ethereum to Arbitrum bridge here: https://bridge.umbria.network/bridge/ethereum-arbitrum/eth
Arbitrum One Bridge V Narni Bridge
Price comparison testing of Narni versus the official Arbitrum bridge provided the following results:
Narni Bridge: Ethereum to Arbitrum One
Cost: $2.61 ($6.52 with gas price normalised to 100 Gwei).
Speed: 4 minutes and 19 seconds.
Arbitrum official bridge: Ethereum to Arbitrum One
Cost: $17.68 ($28.25 with gas price normalised to 100 Gwei).
Speed: 6 minutes and 45 seconds.
View the comparison video demonstration:
Liquidity lending protocol reduces costs and speeds up bridging
Narni uses a novel liquidity lending protocol, which hosts liquidity pools of singular assets on different networks. As well as significantly speeding up and reducing the costs of transactions, it generates fee-based rewards for liquidity providers who add a single asset to the bridge.
Whenever a participant migrates assets between two cryptocurrency networks using Narni, the liquidity providers receive a share of a 0.2% fee in the native crypto/token they supplied. There are particularly lucrative rewards for anyone staking $UMBR — Umbria’s governance token. These liquidity providers earn their share of a 0.3% fee whenever anyone transfers ANY of the assets supported by the bridge. The APYs can be viewed here:
In addition to Arbitrum, Umbria currently provides the fastest and cheapest bridging from the Ethereum network to the Polygon network, Avalanche network, Binance Smart Chain and Fantom (and vice versa).
What is Arbitrum?
Arbitrum is a Layer 2, Optimistic Rollup solution that settles Ethereum transactions off chain. It is becoming increasingly popular with NFT and DeFi projects due to its low transaction costs, rapidity and high security.
According to L2 Beat — the analytics and research website about Ethereum layer two scaling — Arbitrum currently has $3.72 Billion Total Value Locked (TVL).
For a step-by-step guide on how to bridge ETH between the Ethereum Mainnet and Arbitrum using Narni go here.