Guide to using the Matic Bridge to bridge tokens from Ethereum to Polygon (Matic Network) (2024)

FAQs

How to bridge MATIC from ETH to Polygon? ›

Wormhole. Known as the best Polygon to ETH bridge, Wormhole platform is not a cross-chain bridge itself. It is a messaging protocol that supports development and operations of on-chain bridge systems between heterogeneous decentralized networks.

You can bridge to and from Polygon using the Bridges page of MetaMask Portfolio, here. Another alternative is the Polygon bridge, which lets you exchange ERC-20 (Ethereum network) MATIC for MATIC that you can use on Polygon, and vice versa. Simply connect your MetaMask wallet, and choose how much you want to deposit.

The Polygon network has two bridges — the Plasma Bridge and the proof-of-stake (PoS) Bridge — to validate transactions. The cheapest way to bridge Ether (ETH) to Polygon is via the PoS Bridge.

Wait for your cross-chain bridge transaction to Polygon to complete. You will then receive your wrapped ETH (WETH) on Polygon. Please Note: Most cross-chain transfers are completed almost instantaneously, however some may take as long as 20 minutes to complete depending on how much traffic the chain is experiencing.

The current 1 Ethereum to Polygon exchange rate is 6495.3194 MATIC. There are no limits for ETH to MATIC swaps on ChangeNOW, so you are free to use the service no matter 5 or 100 ETH to MATIC exchange you would like to make.

- Go to the Polygon bridge website at https://wallet.matic.network/bridge. - Connect your Ethereum wallet, such as Metamask, to the website. - Choose the token you want to transfer, which in this case would be MATIC. - Enter the amount of MATIC you want to transfer and click on the "Deposit" button.

MATIC is an ERC-20 token, meaning that it's compatible with other Ethereum-based digital currencies. MATIC (expected to change and migrate to a new token, POL, in 2024) is used to govern and secure the Polygon network and to pay network transaction fees.

You can use a bridge to transfer some ETH, USDC, or other tokens from Ethereum to Polygon — retaining their value — and start to use them with dapps on Polygon.

Why is Polygon cheaper than Ethereum? ›

Polygon can process up to 7,200 transactions per second and offers much lower transaction fees than Ethereum due to its Layer 2 solutions. This makes Polygon significantly faster and more scalable.

Polygon zkEVM features a zk-rollup architecture that leverages zero-knowledge proofs to provide an L2 solution on top of Ethereum. Polygon PoS features an independent set of validators securing the sidechain. Polygon zkEVM is secured by Ethereum as validity proofs are stored on-chain.

The Polygon Bridge is a solution for achieving interoperability between blockchain networks. It specifically facilitates the transfer of tokens from the Polygon network, a framework for Ethereum-supported blockchain networks, to the Ethereum mainnet.

To accomplish this, first, click on the Network Selection button at the top of the MetaMask app. Once you have added the URL in the New Network field, click on Save. You will now see Matic's Mainnet in the network dropdown list of your metamask, and can simply switch between Ethereum and Matic networks.

Convert Polygon to Ethereum

1 MATIC equals 0.00015 ETH. The current value of 1 Polygon is -0.21% against the exchange rate to ETH in the last 24 hours. ​ ​Create a free Kraken account to instantly convert MATIC to ETH or trade MATIC/ETH markets today.

In the drop-down menu, select the source and target blockchains you wish to bridge WETH from and to. Currently, the following chains are supported: Arbitrum, Polygon, Base, Optimism, Ethereum, Avalanche, and BNB. Select the WETH as the token you wish to bridge from the dropdown menu.