Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.04% | 7.23% | 3.90% | 9.97% | 41.45% | 41.45% |
Comparison
Fundraising not disclosed
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Details
This content is generated by RD AI and is for reference only
Squid is a cross-chain transaction infrastructure that aggregates liquidity from DEXs, bridges, and market makers, enabling token swaps and cross-chain transfers across 100+ blockchains in a single transaction. Its core mechanism, Squid Intents, uses an intent-based architecture with Trusted Execution Environments (TEEs) to coordinate real-time solver auctions, achieving low slippage, MEV protection, and support for non-smart-contract chains. Developers can integrate via Widget, API, or SDK to add cross-chain functionality to wallets and DEXs; end users can initiate cross-chain swaps directly through its frontend.
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About Squid
Squid, a cross-chain swap and liquidity routing protocol, began in 2022 when three founders developed an early prototype at an Axelar hackathon. Its mainnet launched in January 2023, supporting 25 chains without a token. A $3.5M seed round led by Polychain Capital followed in February 2023. In September 2024, Squid 2.0 introduced graph-based routing and multi-protocol hopping across bridges, DEXs, and liquidity sources, integrating CCTP and Chainflip. December 2024 saw the launch of CORAL, an intent-based protocol using RFQ auctions with market makers, cutting gas costs by 90%. After a $6M strategic round in May 2026 (North Island Ventures, Ripple), QUID token was announced in June. TGE occurred on August 4, 2026, with Binance Alpha as the first listing platform, followed by Kraken, Upbit, Bithumb, and others. Notably, Upbit and Bithumb, two major Korean exchanges, listed the same cross-chain infrastructure project on the same day for the first time. Since launch, Squid has processed over $6 billion in volume across 1 million+ users and 4.5 million+ transactions, integrating 1,500+ ecosystems.
Co-founders of Squid:
Fig (@ecdsafu): Co-founder, leading business development and product.
Christina Norgard Rud (Xtina): Co-founder, leading growth and operations. Holds an MSc in Philosophy and Public Policy from LSE and a BSc in International Management from University of Manchester. Previously worked at Vega Protocol on community and ecosystem development.
Koda: Co-founder and engineering lead, overseeing backend routing infrastructure and technical strategy. Previously led big data and machine learning teams for banks and mining companies.
Current core executives:
Bergen Sanderford: Product Marketing Lead.
Nicholas Payiatis: Head of Integrations.