What it means
A service that moves tokens from one blockchain to another.
Usually it locks the token on one chain and issues a matching one on the other, or swaps through pools on both sides. Bridges have been the target of some of the largest hacks.
How it works
Not to be confused with Bridge.xyz, Defied's banking partner.
Related terms
| Term | What it means |
|---|---|
| Wrapped token | A token on one blockchain that represents an asset from another, such as bitcoin on Base. |
| Bridge.xyz | A regulated payment provider, owned by Stripe, that turns euros into stablecoins and back. |
| Layer 2 | A network built on top of a main blockchain such as Ethereum that handles transactions faster and for less. |
This glossary explains terms in general. It isn't investment, tax or legal advice.