Bungee Exchange

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low cost cross-chain bridge with "refuel" feature

Bungee Exchange, is a decentralized dApp were you can perform cross-chain transaction to low costs. They also utilize a feature called "refuel", which is a life-saver when you're out of gas in some f the chains Bungee supports. In simple terms can you "refuel" gas from one chain to another, to a low costs and also you can to some chains refuel as little as $1 in gas, as the gas fee on Bungee itself in so low it's a extraordinary tool.

Gas refers to the token used on a specific chain to be able to perform transactions, in most cases on Ethereum Virtual Machine "EVM" do the different blockchains use Ethereum (ETH) as GAS. But on EVM-compatible chains, which is chains connected to the EVM, interconnected in a way some might say, making it able to do cross-chain transactions more easily between these chains.

This because it's blazing fast and most transactions and refuels only takes a minute, which make you able to fast get funds on other chains to a low cost with high reliability. As most "DeFi" users operate on many chains at the same time, tools and infrastructure like this is vital. Making centralized sources even more obsolete as you can now in a decentralized way move your funds quickly over chains, fast, simple and secure to a low cost. Bungee fills this gap perfectly.

Bungee is based on Socket and act as an aggregator to quickly find the best source for you to the best price. In easy terms can you transfer "Asset 1" on chain B to "Asset 2" on chain C. To make this example even more easy to understand;

You're out of GAS on Optimism, which uses Ethereum (ETH) as GAS, but you sit on some BNB on BNB Smart Chain, which uses BNB as GAS for transactions. In this case can you with ease "refuel" GAS on Optimism from BNB with the BNB-token and it will automatically transform your BNB to ETH on Optimism . No need to swap to ETH before your "refuel". It does it to a low cost too. This makes Bungee so successful. As there is also mentions that it reduce the load on chains.

They also time-to-time implement different kind of rewards for bridging to different chains there has been OP-token rewards for bridging to Optimism when using Across (another bridge) thru Bungee as Bungee aggregates many different bridging solutions, they also get the rewards from other bridges or more exactly the end-user gets it.

As of now bridging to Arbitrium gives rewards in ARB-tokens, Arbitrum's native governance token, as many of these campaign come an go, can you check if you have gotten any if you've used Bungee now and in the past at https://www.socketscan.io/rewards^[2]

The supported chains for "refueling" GAS on Bungee is following;

Ethereum

Mantle

Optimism

Arbitrum

Gnosis

Polygon

ZkSync Era

Polygon zkEVM

Base

Avalanche

Aurora

Probably more to come as chain after chain gets integrated.

There is three more supported chains on Bungee namely Linea, Fantom, Zora. These chains can you not refuel to "yet" but can transfer token of choose from the list between these and those you can "refuel" between too. This makes Bungee highly interoperable as it operates on many chains, helping many users daily to transfer assets around different chains.

As told earlier is Bungee built on Socket, which we will go deeper on, this on the upcoming Socket wiki-page. But some need-to-know facts that is good to know about is that Socket is built on a "liquidity layer" and a "Data Layer". Bungee uses these liquidity pools and aggregates the best price for the user by using the Sockets API. So Bungee is built on another solution/dApp, using this already finished and polished solution to built it's own product to make Socket even more so effective for the end-user. But this is what blockchain is all about, transparency, open-source and be able to extend or build on other great solutions.

Bungee Exchange has no token yet, ~~there is yet not any token airdrop confirmed~~ but it's a good and fast service and yourself can only speculate whether Bungee will or will not airdrop a token in the future.

The newest feature on Bungee is Bungee MultiTx which is an experimental service were you're supposed to be able to bridge any-to-any token to any blockchain enabled in the MutiTxl. This service is using another link from the other official https://www.Bungee.exchange link, namely instead using https://multitx.bungee.exchange. So Bungee is clearly under development and maintain good by its founders. The dApp has bridges millions upon mullions chain-to-chain during its time live.

The experimental feature implemented is in BETA and remember the following massage appears in the upper part of the website:
"The multi tx flow supports swaps on the destination chain to enable any-to-any token bridging. This is experimental and in early-beta. Destination swaps may result in a lower than quoted output due to price changes while bridging on the destination chain." But also no need to worry as "birding protection" has started which gives you: