Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

For those moving assets to Mode Network, Rhino.fi is the most popular platform that supports the new layer 2. Boasting over $2.9 billion in transactions, it provides a secure, user-friendly service that supports quick transfers across 17 EVM-compatible blockchains.

Rhino.fi stands out due to its low fees, charging only 0.12% per transaction, significantly less than the standard 0.2% found on platforms like Stargate Finance and Synapse.

Rhino.fi
Rhino.fi

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.7

Supported Chains

Ethereum, Arbitrum, Avalanche, Base & 16 more.

Supported Assets

ETH, USDC, USDT, BNB, DAI & more.

How to Bridge to Mode Network

To transfer assets to Mode Network, the OP Superchain-based layer 2, it's essential to choose a trusted and efficient bridging platform. Rhino.fi is a top-tier choice, compatible with more than 17 EVM-compatible chains, such as Ethereum and Arbitrum. It boasts a secure track record, managing over $2.5 billion in transaction volume, underscoring its reliability within the crypto community.

To bridge assets to Mode Network via Rhino.fi, simply follow these steps:

  1. Visit Rhino.fi and connect your wallet (compatible with MetaMask, Rainbow, Wallet Connect).
  2. Select your origin network (Ethereum, Arbitrum, etc.) and set Mode as your destination.
  3. Input the type and quantity of assets you're transferring.
  4. Click ‘Bridge’ and follow your wallet’s prompts to finalize the transaction.
Bridge to Mode Network

Mode Network Bridge Fee

When bridging assets to Mode Network via Rhino.fi, it's important to understand the associated costs. Rhino.fi applies a 0.12% transaction fee, which is favorable compared to the typical market rate of 0.2% seen with platforms like Stargate Finance and Synapse.

In addition to the transaction fee, gas fees also play a part in the total cost. These fees vary depending on network congestion and the complexity of the transaction. Since Mode operates on Optimism's low-cost layer 2 framework, gas fees are generally reduced and often less than 1 cent, making the transfer to Mode efficient and cost-effective.

How Does Bridging Work?

Transferring assets to Mode Network from networks like Arbitrum involves a secure technical process. Here’s a clear breakdown of how bridging to Mode works:

  • Choosing a Bridge: Start by selecting a crypto bridge like Rhino.fi that supports interoperability with your starting chain (e.g., Arbitrum) and Mode, ensuring an intuitive asset transfer experience.
  • Asset Security on the Starting Chain: When you initiate the transfer, your assets are locked in a smart contract on the starting chain, such as Arbitrum. This mechanism safeguards your assets during the bridging process.
  • Token Issuance on Mode: Mode then issues an equivalent amount of tokens. This seamless token creation ensures users have continuous access to their assets on the new network.
  • Security Checks: A crucial part of this process involves verification, where validators or relayers confirm the original assets are securely locked and oversee the correct issuance of tokens on Mode.
  • Reversing the Transfer: Should the need arise, users can send their assets back to the original chain using the same procedures, at similar costs.

This structured approach to bridging not only secures the transfer of assets but also enhances user interaction with Mode, leveraging its efficient Layer 2 solutions built on Optimism’s Superchain.

About Mode Network

Mode Network is a Modular DeFi Layer 2 solution built on Optimism’s Superchain, designed to empower developers and users by fostering the growth of a world-class application ecosystem. Mode simplifies the deployment process for those familiar with Ethereum Virtual Machine (EVM) compatible chains, offering high yields and predictable revenue through mechanisms like sequencer fee sharing and developer airdrops.

mode network

Closing Thoughts

In conclusion, bridging assets to Mode Network through Rhino.fi offers a secure, efficient, and cost-effective method to integrate with Mode's advanced Layer 2 solutions on Optimism’s Superchain. The process of initiating a bridge with supported wallets, setting up the transfer, and completing the transaction is straightforward, with low transaction and gas fees making it appealing for users seeking both functionality and economy.

Author

Nick Ng is a skilled analyst at StacksOnChain with expertise in both cryptocurrencies and traditional finance. His research offer valuable insights into market trends and investment opportunities for readers.

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