Axelar’s Interchain Token Service (ITS) has arrived on Squid. Meaning, any project building on any chain can easily deploy Interchain Tokens across 15+ chains, all with native-like fungibility and full ERC-20 custom functionality. And once an Interchain Token has been deployed, users can move, send, and swap them across chains and apps with Squid. The ITS package is complete, and some of your favorite projects are already live. Will you join our journey into the Interchain?
Wrapped assets no more - Interchain Tokens are here
Navigating the multichain world is challenging for projects and users alike. All too often, users are confronted with a variety of wrapped versions of assets, many of which may only have thin liquidity. But what if the issue of fragmented liquidity and inconvenience of wrapped assets could both be solved in one go? Well, this is where ITS comes in.
ITS delivers seamless, no-code interoperability, moving us past these poor user and developer experiences. In a single click with ITS, projects on any chain can deploy new Interchain Tokens or upgrade existing tokens to permissionless Interchain Tokens that move freely between any of the 15+ EVM-compatible blockchains they select.
Just as easily, users can send Interchain Tokens across chains on Squid. Once a token is deployed on ITS, it becomes instantly accessible to swap into and bridge across supported chains on Squid V2. Just like ITS solves pain points for projects deploying tokens on multiple chains, Squid offers users the easiest way to move tokens cross-chain today.
ITS in Action
ITS is live and a variety of notable projects have already deployed Interchain Tokens that you can bridge with Squid. Instead of bridging or swapping into wrapped assets, or having native tokens spread across multiple chains, you simply have the native token you want on the chain you prefer.
And the best part? ITS is for everyone. From DeFi to web3 gaming, NFTs, wallets, memecoins and SocialFi, here are a few of the projects who have taken their tokens interchain and are now available on Squid:
Yup, KlimaDAO, RabbitX, Metavault, XDEFI, ESE, RMRK, Any Inu, Restake Finance, FantomStarter, Bedrock, Fluence DAO, GAM3S.GG, UNDERGRND, and more.
ITS Guides & Docs
Interested in learning more about ITS, Interchain Tokens, and how to get them on Squid? Check out our newly released collection of ITS articles on Squid School. Including:
Welcome to ITS, Squids. We’re proud to be supporting Interchain Tokens on Squid and excited for all of the projects who have already deployed and who will deploy in the future. Be sure to stay tuned, have fun, and join us in celebrating ITS!
Please Note
This blog is provided for educational and informational purposes only. This is not investment advice or a recommendation or solicitation for on-chain participation in any mentioned chains, tokens, or assets. Please do your own research before swapping any on-chain assets.
About Squid
Squid creates unlimited access for anything in crypto. Squid can be used to seamlessly swap across 70+ EVM and Cosmos chains all from one place, and Squid NFT Checkout can be used to buy any NFT using any token. Squid’s API, SDK, and Widgets offer ease of integration for projects building on any chain to enable cross-chain functionality in just 1 click.
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