🦑 Squid's CORAL Simplifies Cross-Chain Swaps
🦑 Squid's CORAL Simplifies Cross-Chain Swaps
🦑 Two steps to swap
Squid launched CORAL (Cross-chain Order Routing and Auction Layer), an intent-based system that streamlines cross-chain transactions.
How it works:
- Users specify what they want
- Squid handles execution automatically
- Combines onchain liquidity sources with offchain market maker inventory through Request-For-Quote auctions
Key benefits:
- Reduces transaction steps from multiple to just 2
- 90% lower gas fees
- Zero slippage
- Faster execution times
Currently live on Ethereum, Base, Arbitrum, BNB Chain, and Linea, with Avalanche and Optimism support coming soon. The system supports ETH, USDC, and USDT swaps, even for amounts as small as $5.
Squid Enables Cross-Chain Swaps on Bitcoin, XRPL, and Solana
Squid has expanded its cross-chain capabilities to support networks without smart contracts, including Bitcoin, XRPL, and Solana. **Key improvements:** - Lower gas costs than previous versions - Near-zero transaction failure rates due to simplified transactions - No longer limited to a single messaging layer Users can now move any token across any supported chain, with Squid serving as a bridge between different blockchain ecosystems. The platform continues to leverage existing DEXs for swaps while maintaining composability with Axelar's message passing.
Squid Intents Processes Cross-Chain Swaps Off-Chain Using TEE Technology
Squid has launched Squid Intents, a cross-chain swap protocol that processes transactions off-chain in a Trusted Execution Environment (TEE). **How it works:** - Users submit their intent (e.g., "swap 100 USDC on Base to RLUSD on XRPL") - Complex swap logic runs privately off-chain in the TEE - Blockchain serves only as the final settlement layer **Key benefits:** - Swaps function independently of blockchain stability - Quotes don't expire before confirmation - Faster and cheaper than previous versions The protocol builds on Squid's earlier iterations (V1, V2, and CORAL) and maintains full decentralization while being globally accessible and permissionless.
Squid Launches MCP for AI Agent Cross-Chain Trading
**Squid has launched its Model Context Protocol (MCP)**, enabling AI agents to execute cross-chain token swaps using natural language commands. **Key capabilities:** - AI agents can now buy, bridge, and trade across 100+ chains - Natural language interface eliminates technical barriers - Seamless cross-chain token swaps without manual transaction signing **Technical integration:** Developers can access full documentation at [Squid's MCP docs](https://docs.squidrouter.com/~/revisions/kgsL0tU1YCtaLv0nvJRr/api-and-sdk-integration/mcp) to integrate the protocol into their AI agents. The MCP builds on Squid's existing infrastructure that connects DEXs across multiple chains, now making these capabilities accessible through conversational AI interfaces.
Squid Joins XRPL as Official Validator
Squid has been added as an official validator on the XRP Ledger (XRPL), marking a significant step in their involvement with the ecosystem. **Key Points:** - Squid brings cross-chain building experience to their new validator role - The team is already building on XRPL, which will inform their validation decisions - This follows the launch of the XRPL EVM Sidechain in July 2025 Squid's validator status strengthens their position in the XRPL ecosystem, where they already facilitate cross-chain swaps between XRPL, XRPL EVM, and 80+ other chains.