Squid Router

Squid reported **36 new integrations** in Q2 2026, bringing their total to **1,718 teams** using their cross-chain infrastructure. The platform enables token swaps and transfers across different blockchains through existing DEXs. Teams can integrate via SDK, front-end interface, or smart contracts. Squid's ecosystem now spans: - Wallets and applications - Real-world assets (RWAs) - DeFi protocols - Multiple blockchain networks - Institutional partners The technology allows users to execute cross-chain transactions in a single click, including NFT purchases, DeFi interactions, and gaming activities across different chains.

**Squid secures $6M funding round** led by North Island Ventures with backing from strategic investors, marking a new chapter for the cross-chain routing protocol. The announcement comes on the heels of strong performance metrics: - **Record transaction volume**: 294,000 transactions in May alone, the highest monthly total in Squid's history - **Consecutive growth**: Month-over-month all-time highs in April, May, and June 2026 - **Q2 momentum**: The team released their "State of Squid" report detailing current operations and future plans Squid enables users to swap and send native tokens across different blockchains through a single transaction, eliminating the need for multiple wallet signatures or complex multi-step processes. [View announcement](https://x.com/squidrouter/status/2057894019082973564?s=20)

**Squid has become the official cross-chain partner for Ripple USD (RLUSD)**, enabling instant multichain movement of the stablecoin across 7 chains including Ethereum, Base, Optimism, and XRPL. **Key capabilities:** - Instant cross-chain swaps and transfers of RLUSD powered by Squid Intents - Direct swaps from USDC, USDT, ETH, XRP, or any supported asset to RLUSD - All transactions completed in a single step **Integration details:** - RLUSD accessible via [Squid's app](http://app.squidrouter.com) and API/SDK - Developers can integrate for payments, treasury, and settlement use cases - Day-1 integrations include Strobe Finance, Girin Labs, D'CENT Wallet, and Ondex Money **Use cases enabled:** - Capital onboarding and cross-chain transfers - Cross-currency swaps and DeFi access - Real-world asset integration - Enterprise on/off-ramps RLUSD has surpassed $1.8B market cap with billions in monthly volume. The partnership positions the regulated stablecoin for multichain adoption across payments, wealth management, and treasury products. [Read full announcement](https://www.squidrouter.com/blog/squid-powers-ripple-USD-cross-chain)

Ripple's RLUSD stablecoin is now available for native swaps across 7 blockchain networks, powered by Squid's cross-chain infrastructure. **Key Details:** - RLUSD is Ripple's USD-backed stablecoin designed for real-time, compliant payments - The stablecoin has reached $1.8 billion market cap with billions in monthly trading volume - Multi-chain expansion enables users to swap RLUSD natively across 7 different blockchains - Squid's technology allows seamless cross-chain swaps without multiple transactions or wallets The expansion makes RLUSD more accessible across the crypto ecosystem, allowing users on different chains to easily acquire and use the stablecoin for payments, DeFi applications, and fiat on/off ramps.

**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.