Squid Protocol Launches on Gnosis Chain

**ETH** and **USDC** emerged as the top two assets by trading volume on Squid's cross-chain platform this week. The consistent performance of these assets reflects their status as preferred tokens for bridging and swapping across different blockchains. - ETH maintains its position as the leading asset for cross-chain transactions - USDC continues to serve as the primary stablecoin for multi-chain operations This data provides insight into which tokens users prefer when moving assets between different blockchain networks.

**Soneium's DeFi ecosystem** is gaining traction with three notable protocols now live on the network. **Key platforms include:** - **SONEX** - Gateway to the Soneium ecosystem, evolving into an Alpha Hunting Ecosystem Aggregator for traders - **Kyo Finance** - Next-generation veDEX offering trading, bridging, concentrated liquidity provision, and batch transactions - **waveX** - First perpetual DEX on Soneium featuring zero slippage trading Users can access these protocols through [Squid's interface](http://app.squidrouter.com/soneium), which enables cross-chain swaps and bridging to Soneium from major networks. The ecosystem positions itself around **creativity and imagination**, with Soneium describing itself as a platform where "everyone is a creator." A community X Space is scheduled for Monday to discuss how Squid facilitates ecosystem accessibility.

**CORAL's cross-chain swapping solution** continues to gain traction with major integrations, most notably MetaMask's recent implementation for fast and cost-effective routes. Key features: - Sub-5 second transaction completion - 90% reduction in gas fees - Zero slippage guarantee - Smart batching system - Combined onchain and offchain liquidity via RFQ auctions Currently live on Ethereum, Base, Arbitrum, BNB Chain, and Linea, with Avalanche and Optimism support coming soon. Learn more at [Squid Documentation](https://docs.squidrouter.com/api-and-sdk-integration/coral-intent-swaps)

Squid Router has announced the retirement of Squid V1, scheduled for March 12th. The cross-chain routing protocol is completing its transition to Squid 2.0, which launched in September 2024 with improved architecture for multi-hop transactions. Key points: - Most integrators have already migrated to V2 - Migration documentation available at [Squid docs](https://docs.squidrouter.com/migration/v1-greater-than-v2-migration) - New platform accessible at [app.squidrouter.com](http://app.squidrouter.com) Integrators still using V1 should initiate migration before the shutdown date to ensure uninterrupted service.