Web3 bridges are protocols enabling token and data transfer between blockchain networks, facilitating interoperability for dApp interaction across ecosystems. These bridges often use wrapped tokens, synthetic representations supporting various token standards, such as wrapping Bitcoin (BTC) as Ethereum-based WBTC for Ethereum network use.
This involves locking original tokens on the source blockchain and minting equivalent wrapped tokens on the destination blockchain, managed by smart contracts ensuring security and transparency. In the TON ecosystem, several bridges facilitate token exchange for $TONCOIN and vice versa. Here are the top five in no particular order:
TON Bridge
TON Bridge is a crucial component of the TON (The Open Network) blockchain ecosystem. It facilitates the seamless transfer of assets and data between TON and other blockchain networks, including Ethereum and BSC. The bridge is designed with a decentralized architecture.
It uses wrapped tokens, which are digital representations of assets from other blockchains that are compatible with the TON network. For instance, users can lock their Ethereum-based tokens (e.g., WBTC, USDC) in a smart contract on the Ethereum network and receive equivalent TON-based wrapped tokens for use on the TON blockchain.
With the TON ERC-20 bridge, tokens can be transferred between the Ethereum/BSC and TON blockchains. This infrastructure also provides users with access to a broader range of liquidity pools and offers more cost-effective transactions compared to direct transfers on the Ethereum network.
Cede.store
Cede.store is a non-custodial platform that allows users to interact with their centralized exchange (CeFi) assets from any decentralized application (dApp) on the TON blockchain. The platform enables users to securely store their CeFi API keys directly on their machines and use those keys to manage their assets across the TON ecosystem.
Cede.store’s key functionality is to facilitate the transfer of CeFi assets, such as cryptocurrencies and other digital holdings, to the TON blockchain. Users can connect their CeFi accounts to Cede.store, enabling them to seamlessly move their assets onto the TON network.
This integration allows users to access decentralized finance (DeFi) applications and services built on the TON blockchain while maintaining control over their centralized exchange holdings.
One of the primary advantages of Cede.store is that it eliminates the need for users to withdraw their assets from CeFi platforms and then deposit them onto the TON network. Instead, Cede.store acts as an intermediary, simplifying the transfer of assets between the two ecosystems.
The Open Network (TON) features bridges that facilitate asset transfers between chains. Discover the top bridges in this article.
Orbit Bridge
Orbit Bridge is an infrastructure platform that enables interoperability between the TON (The Open Network) blockchain and other blockchain ecosystems. Developed by Ozys, a blockchain company based in South Korea, Orbit Bridge facilitates the transfer of assets and data.
A key feature of Orbit Bridge is its decentralized system. It achieves full decentralization by transparently managing the consensus process without relying on off-chain components.
The bridge employs a multi-signature-based transaction consensus method and governance groups composed of Operators and Validators. Operators relay necessary information for operations, while Validators verify transactions generated by each chain to reach consensus. Additionally, the platform offers swap and explorer functionality for users.
XP Network
XP Network is a blockchain interoperability platform now integrated with the TON (The Open Network) blockchain. This integration facilitates seamless cross-chain communication and asset transfers between TON and other supported blockchain networks. The platform, which also includes swap, staking, and explorer functionalities, has facilitated over $2 million in NFT transactions.
With the XP.NETWORK bridge, users can transfer assets like cryptocurrencies and non-fungible tokens (NFTs) between TON and other blockchains. This enhances the TON ecosystem by providing users access to a wider range of decentralized applications and services.
XP.NETWORK bridge is a multi-chain decentralized platform that ensures secure and transparent asset transfers between TON and other blockchains. Currently, it is integrated with Near, Base, Solana, Hedera, ICP, Ethereum, BSC, Polygon, and TON, with Aptos, Cardano, Optimism, and Zetachain integrations coming soon.
Rubic
Rubic is a cross-chain bridge designed for users and decentralized applications (dApps). Its goal is to aggregate top Web3 cross-chain technologies, including signals, oracles, tokens, and NFT bridges.
The platform offers ready-made templates suitable for decentralized exchanges (DEXs), lending platforms, farms, and more. This enables developers to easily make their Web3 dApps cross-chain, regardless of their specific function.
Currently, Rubic integrates with over 70 major blockchains, including TON, more than 200 DEXs, and bridges, and supports the swapping of over 15,500 assets. This aggregation provides users with the best rates, highest liquidity, and fastest transaction speeds, all accessible with a single click.
