Squid enables the seamless movement of assets between different blockchains in a single transaction.
Squid Router is a cross-chain platform that allows users to swap any token for another across different blockchain networks. It supports over 70 blockchains, enabling fast transactions and providing services like cross-chain staking, minting, and payments
By facilitating seamless token swaps across multiple blockchains, Squid Router enhances liquidity and accessibility in the crypto ecosystem. Its integration with Axelar Network ensures secure cross-chain communication, allowing users to interact with decentralized applications across various chains without friction.
In January 2024, Squid Router raised $4 million in a funding round led by Polychain Capital, aiming to expand its cross-chain capabilities and enhance user experience.
In December 2024, Squid introduced CORAL, a feature that integrates onchain and offchain liquidity sources to provide faster, cheaper, and more reliable cross-chain transactions with near-instant finality.
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