Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.29% | 0.27% | 1.73% | 9.83% | 12.61% | 42.34% |
Comparison
Tokenomics
Unlock Progress
Data source: CoinMarketCap
QUID is the native token of the Squid cross-chain protocol, used for governance and staking, with a fixed supply of 1 billion and no additional minting; staking rewards come from a reserved allocation.
Top Holders
| Address | Token | Quantity | Percentage | Value |
|---|---|---|---|---|
| 0x5449...9ba9 |   QUID | 339,481,913 | 33.95% | $19.47M |
| 0x88a9...362d | QUID | 303,946,126 | 30.39% | $17.43M |
| 0x4c81...f611 | QUID | 196,836,175.35 | 19.68% | $11.29M |
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About Squid
Squid is a cross-chain swap aggregator, delivered as a consumer front end and a developer API and SDK, spanning EVM chains, Cosmos ecosystems and heterogeneous networks such as Canton. A user starts a swap on one chain and Squid fuses the cross-chain message with the destination swap into a single atomic transaction: the routing layer prices multiple DEXs and bridges, the messaging layer executes the cross-chain call through Axelar general message passing, and any failed leg reverts the whole thing so funds never strand at an intermediate address. One API call gives developers multi-chain liquidity and swaps without maintaining per-chain bridging and gas logic.
It sits in the cross-chain intent and aggregation layer, distinct from a standalone bridge in demoting the bridge to one optional routing leg while the aggregator handles pricing and revert. In September 2026 it added Canton's CIP-103 standard, bringing an institutional privacy ledger into its routing, after cumulative volume reached USD 465 million in mid-August.
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.
Launch and unlocks: QUID's TGE ran on August 4 with listings on Binance Alpha, Kraken, Upbit and Bithumb KRW markets; the public sale in late June raised about $27 million, 11.9 times oversubscribed, at $0.045 per token and a $45 million FDV; investors and team face a 12-month cliff with 0% unlocked at TGE.
Incentives and progress: staking pays 80.8% APR with no lockup and no buyback was enabled at launch; Squid integrated Canton's CIP-103 standard on September 9, joined Korea's OBDIA association on August 7, and by mid-August had seen $465 million of QUID volume.
On May 22, 2026 Squid raised $6 million in a strategic round led by North Island Ventures. It unveiled the QUID token on June 24, opened a 72-hour public sale on Kraken and Legion on June 30 that closed 11.9 times oversubscribed with $26.7 million committed, finalised allocations on July 8, and ran the token generation event on Base at 13:00 UTC on August 4, listing the same day on Binance, Kraken, Bitget, Upbit, Bithumb and MEXC.
The valuation rests on an existing business: three years of routing, more than $6 billion in cross-chain volume, 4.1 million transactions, over a million unique users, 106-plus chains and 20,000-plus tokens, with more than 1,000 integrators including MetaMask, Ripple, Ledger, Brave, PancakeSwap and MiniPay. On June 16 Squid became the cross-chain path for RLUSD, moving the stablecoin instantly across XRPL, Ethereum, Base and Optimism, after launching Squid Intents on March 10 to turn cross-chain swaps into intent settlement. On September 24 the mobile app opened early access.
Squid's Future strategy and roadmap: make intent settlement the default route, use QUID for staking, governance and buybacks, and export routing to institutional payments and RWA flows.
Fig — Founder & CEO; studied medicine, self-taught programmer, formerly in venture capital and family offices; co-founded Squid in 2022 and leads protocol and product.
Xtina — Co-founder; leads growth and operations; holds a master's in Philosophy and Public Policy from LSE.
Koda — Co-founder and engineering lead; oversees backend routing infrastructure and cross-chain settlement; previously built big-data and machine-learning systems for banks and mining companies.
Squid aggregates more than 130 DEXs and multiple cross-chain bridges, with routes filled through solver competition.
Squid lets integrators set their own fee in basis points, where 50 equals 0.5%, with a soft cap of 1% per transaction.
Squid takes 50% of the fees integrators collect, and platform plus integrator fees are merged into the Service fee returned with each route.