Explore Bridged (Portal)

5 Bridged (Portal) tokens listed on Mango

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Wormhole (W)

$0.584

24h Change

4.21%

24h Volume

$17.87M

FDV

$5.86B

Stats and info
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Wrapped Ethereum (ETH (Portal))

$3,827

24h Change

2.41%

24h Volume

$10.3M

FDV

$468.53B

Stats and info
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Wrapped Bitcoin (wBTC (Portal))

$68,123

24h Change

2.69%

24h Volume

$9.29M

FDV

$10.65B

Stats and info
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Lido DAO (LDO)

$2.361

24h Change

4.58%

24h Volume

$2.59K

FDV

$2.36B

Stats and info
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Chai (CHAI)

$1.084

24h Change

24h Volume

$0

FDV

$42.24M

Stats and info

Bridged tokens refer to tokens that are not native to the blockchain they are on. They are transferred from their native chain via a bridge and in the process made compatible with other chains. When you see Bitcoin and Ethereum on Solana for example, these are bridged versions of the native asset.


What's a bridge?

Just like the name suggests a bridge in crypto is a way of connecting different blockchains that are usually incompatible together. They are often used to transfer tokens from one chain to another.


Portal Bridge

The tokens in this category are bridged to Solana via Portal. Portal is a bridge built on Wormhole Protocol (a decentralized, universal messaging protocol connecting multiple blockchains). Amongst other things, Wormhole enables users to move tokens from one blockchain to another while ensuring the safety and security of the assets.


How it works

Imagine you want to transfer 1 ETH from Ethereum to Solana. When you bridge via Portal, the 1 ETH on Ethereum is locked in a smart contract to ensure security, and 1 Wrapped ETH is minted on Solana. You'll see ETH listed on Mango as ETH (Portal) so you know it's a wrapped token and where it came from.


Portal Bridge uses specialized validators called Guardians to facilitate cross-chain transfers. These validators are responsible for ensuring the legitimacy of each transfer and preventing bad actors from successfully sending unauthorized or fraudulent transactions.


The risks of bridging

Some of the largest hacks in crypto history have resulted from bridges being exploited. Even with extensive audits, smart contract code can be vulnerable to an unknown attack vector. It's important to understand this before interacting with bridges or any smart contract for that matter.


The value of bridged tokens relies on the collateral on the original chain remaining secure. If the tokens locked in the smart contract on the original chain are lost then the wrapped tokens are essentially worthless. The only way out is for the bridge to swallow the loss and redeem the value of the wrapped tokens.

The data displayed on this page is provided for informational purposes only. It may be delayed and is not guaranteed to be accurate. It is not intended for trading or investment purposes. The platform does not assume any responsibility for the accuracy, completeness, or timeliness of the data, and shall not be liable for any errors, omissions, or any losses resulting from its use.

Do not invest unless you are prepared to lose all the money you invest. Crypto is a high-risk investment and you should not expect to be protected if something goes wrong.

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