Squid Router

**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 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)

**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.

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. [Try CORAL](http://app.squidrouter.com)

**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 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.

Squid's cross-chain swap functionality is now available directly within the Keplr wallet interface. **Key Features:** - Enables token swaps between Cosmos and other blockchain networks - Users can access cross-chain functionality without leaving their Keplr wallet - Leverages existing DEXs for native token transfers across chains **What This Means:** The integration simplifies multi-chain transactions by embedding Squid's infrastructure into Keplr's interface. Users can now perform cross-chain swaps as part of their regular wallet operations rather than navigating to separate platforms. This follows Squid's previous integration enabling native BTC support in Keplr.

**Squid Router has integrated Citrea Mainnet**, bringing Bitcoin-focused liquidity to users across multiple blockchains. **Key integrations:** - SatsumaDEX and JuiceSwap now accessible through Squid - Users can access Citrea's liquidity from any supported chain - Available at [app.squidrouter.com/citrea](http://app.squidrouter.com/citrea) **What this means:** Squid's cross-chain routing infrastructure now connects to Citrea, a Bitcoin-focused layer. This allows users to swap and bridge tokens to access Citrea's decentralized exchanges without being limited to a single blockchain. The integration expands Squid's existing network of 75+ EVM and Cosmos chains, adding Bitcoin-centric liquidity options to its routing capabilities.

**Squid launches rewards program for digital gold holders** Users can now earn **1% back** on digital gold deposits held for 90 days through Squid's Mini App on MiniPay. **Key features:** - Real gold ownership through digital tokens - Rewards available exclusively on MiniPay platform - Built on Celo blockchain for borderless transactions - One-click buying and selling from mobile devices **How it works:** - Purchase digital gold through the Mini App - Hold deposits for minimum 90 days - Automatically receive 1% rewards The program builds on Squid's recent launch of digital gold trading, making real-world assets accessible to millions of users worldwide. *Rewards subject to Squid terms and conditions* [Learn more about earning digital gold](https://www.squidrouter.com/squid-school/how-to-earn-digital-gold)

**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)