MetaMask allows you to move tokens on multiple blockchains with new DApp

Blockchain software technology firm ConsenSys continues to work on expanding blockchain interoperability by introducing a new tool to the MetaMask wallet.

Metamask users can now bridge multiple blockchain networks using MetaMask Bridges, which brings together various blockchain bridges in one place, ConsenSys announced on November 9.

MetaMask Bridges supports major blockchains compatible with the Ethereum Virtual Machine (EVM), including Ethereum, Avalanche, Binance Smart Chain, and Polygon. The new tool allows bridges of Ether (ETH) and Wrapped Ether (WETH), major stablecoins and native gas tokens, the firm said.

The new bridge feature enables Metamask users to move tokens from one blockchain network to another without having to research to find and choose a trusted bridge.

“There are a ton of different bridges out there, each supporting different networks and tokens,” MetaMask Bridges Product Manager Angela Potter told Cointelegraph. She noted that bridge costs, speed and safety features vary widely from one bridge to another, requiring users to manually check a lot of data each time before proceeding with a bridge.

“MetaMask Bridges has curated the bridges that we believe are the most decentralized and secure, and of those they will recommend the best for the user’s specific route,” Potter said. She added that MetaMask Bridges chooses the bridge with the best price by default, but users can also see time estimates and choose the fastest one if they prefer.

The new bridging solution is available in beta to all MetaMask users via the Portfolio Dapp, a new decentralized application (DApp) that allows users to view multiple MetaMask accounts and their assets in one place. Launched in beta in September 2022, Portfolio Dapp now also allows users to bridge networks in a few simple steps described by MetaMask.

“MetaMask charges no additional fees during the beta period and bridging is limited to $10,000 per transfer,” Potter noted, adding that ConsenSys has not yet set a timeline for the general public release.

Launched in 2016, MetaMask is a major cryptocurrency software wallet designed for the Ethereum blockchain. As the wallet is by default focused on Ethereum and EVM compatible networks, it still does not support the world’s largest cryptocurrency, Bitcoin (BTC).

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According to the MetaMask Bridges manager, Bitcoin integration is not a priority for the platform in the near future. However, MetaMask users will be able to connect DApps to blockchains like Bitcoin using MetaMask Snaps, or tools that allow users to customize the MetaMask wallet, Potter told Cointelegraph, stating:

“Some of the actual snaps allow DApps to connect to Bitcoin, Solana and Filecoin. Any DApp can use a ‘snap’ when deployed, meaning EVM-capable DApps can access the Bitcoin network through the enabled ‘snap’ .

As previously reported by Cointelegraph, ConsenSys planned to spend $2.4 million annually to fund its newly launched MetaMask Grants DAO to drive further development of the Web3 ecosystem. MetaMask’s global product manager Taylor Monahan said the platform will also continue to focus on decentralized development as a catalyst for further growth.