🦑 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.
0xProject Integrates Squid for Cross-Chain Swaps
**0xProject has integrated Squid's cross-chain infrastructure from day one.** The integration brings Squid's cross-chain swap capabilities to 0xProject users. Squid enables token swaps and transfers across different blockchains using existing DEXs. **Key features:** - Native token swaps between chains - One-click cross-chain transactions - No need for multiple wallet signatures The integration leverages Axelar's message passing technology to simplify multi-chain interactions for users.
Squid Raises $6M Led by North Island Ventures to Advance Cross-Chain Infrastructure
**Squid has secured $6M in funding** led by North Island Ventures with support from strategic investors. The cross-chain protocol, which enables seamless token swaps and transfers across different blockchains, describes this as the beginning of their "most exciting chapter." **Key details:** - Funding round led by North Island Ventures - Strategic investors participated - Team promises more announcements ahead Squid's technology allows users to swap and send native tokens between chains through their SDK, front-end interface, or smart contracts. The platform integrates with existing DEXs and leverages Axelar's messaging capabilities for cross-chain transactions. The team has indicated additional news will follow this funding announcement.
Squid Secures Strategic Funding to Expand Cross-Chain Infrastructure
**Squid has announced strategic funding** to support its continued growth as a cross-chain routing solution. **Key highlights:** - The funding will enable expansion to new chains and development of additional features - Squid's growth reflects the increasing complexity of navigating the multi-chain crypto ecosystem - The platform focuses on user experience, allowing seamless token swaps and transfers across different blockchains - Team hints at new products in development beyond current routing capabilities Squid's cross-chain infrastructure enables users to interact with applications across different chains without multiple transactions or wallets. The strategic investment positions the protocol to scale alongside the broader crypto ecosystem's expansion. [Read the full announcement](https://www.squidrouter.com/blog/squid-strategic-funding)
Squid Secures Strategic Funding from North Island VC, Ripple, and Industry Leaders
**Cross-chain infrastructure protocol Squid has closed a strategic funding round** led by North Island VC, with participation from notable investors including: - **Major VCs**: Ripple, Dialectic Group, Borderless Capital, and Scenius Capital - **Strategic angels**: Representatives from Axelar, Ledger, Polymer Labs, Enso, and Peanut The funding builds on Squid's previous backing from prominent investors like a16z, Coinbase Ventures, Variant, Pantera, and Brevan Howard. **What Squid does**: The protocol enables seamless token swaps and transfers across different blockchains using existing DEXs. Users can execute cross-chain transactions—from buying NFTs to accessing DeFi protocols—without multiple wallet signatures or complex processes. The strategic nature of this round, featuring both infrastructure providers and application-layer projects, signals growing institutional interest in cross-chain interoperability solutions.