Crucial Ideas

• The cross-chain capabilities of MetaMask now include Optimism and Arbitrum.
• MetaMask Bridges can now support a total of six bridging networks thanks to the addition of two growing networks.

The MetaMask cross-chain bridge aggregator will offer network and bridge compatibility for two additional important networks this week, according to a formal announcement made on Wednesday.

MetaMask Bridges now supports a total of six bridge networks for the well-known web wallet with the inclusion of Optimist and Arbitrum, two developing networks in the cryptocurrency market (Ethereum, Avalanche, BNB Chain, Polygon, Arbitrum, Optimism).

Why settle for one network when you can have six?

MetaMask Bridges now supports L2 networks Arbitrum and Optimism, making hopping around the crypto ecosystem easier than ever👇https://t.co/pCg6QiEBbP

— MetaMask 🦊💙 (@MetaMask) February 22, 2023

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In an effort to attract cryptocurrency aficionados, the wallet provider is investing in fresh solutions with a focus on utility.

The MetaMask Bridges’ beta testing is over with the addition of Optimism and Arbitrum. The Bridges product will have a bridging cost of less than 1% after it exits beta, along with increased transfer limits and better stability.

For ETH/WETH, stable currencies (like DAI), and native Gas tokens, cross-chain transactions are possible (such as MATIC). The maximum cross-chain amount is $50,000.

MetaMask refers to the concept of bridges as a flight aggregator for bridges, using a well selected set of bridges to provide a complete solution.

The wallet offers consumers the opportunity to select their own route or follow the wallet’s default recommendation and mentions Connext, Hop, Celer cBridge, and Polygon Bridge as its suite of bridge aggregates.

Arbitrum has fully dominated DeFi despite being one of the few major chains without a native token. Arbitrum has been a haven for dedicated builders and DeFi supporters while bear market conditions have dominated market activity for the preceding six to eight months.

Optimism, which has a comparable outlook but limited performance, is ranked seventh overall in the DeFi TVL with around $1 billion in currently locked funds. Cross-chain technologies like Aave and Curve have contributed to the success of the ecosystem, unlike Arbitrum where there is no native platform token.