The integration we’ve all been waiting for is officially here. Chainflip is now live on Squid, bringing native access to Bitcoin and Solana on Squid. Yes, you read that right. Bitcoin and Solana are now available on Squid! And this is just the beginning, we’ll be enabling 100% connectivity across all Squid and Chainflip chains over the next months.
Chainflip joins Squid's protocol stack alongside other messaging and interoperability layers like Axelar, IBC and CCTP, making Squid one of the only decentralized ways for users and developers to simultaneously access Ethereum, Cosmos, Bitcoin, and Solana ecosystems. Go cross-chain and cross-ecosystem. Let’s dive in.
Bitcoin and Solana are in fact, huge.
Bitcoin is the largest asset by market cap, taking up over 50% of the total crypto market [1]. Solana, on the other hand, has been flipping Ethereum on a regular basis by DEX volume [2]. The addition of Bitcoin and Solana takes interoperability to a whole new level, with Squid in the lead.
When it comes to Bitcoin market share, CEXs continue to dominate by volume, but DEXs are gradually gaining momentum. Bitcoin was built from the decentralized dream of complete ownership, and Squid empowers users to buy and own native BTC with full self-custody of the asset. No centralized exchanges, no wrapped assets. Just BTC.
Solana is a powerhouse, in and of itself. With endless memecoins and infinite market cap, it’s hard to stand by and watch as opportunities pass you up, no matter why. You should be able to bridge from Arbitrum to Solana, and even more, swap your ETH to WIF or ape into MEW from any chain.
What’s live and what’s next
You can now swap from Squid's supported EVM chains into BTC on Bitcoin, as well as SOL and USDC on Solana. Same-chain swaps are live on Solana too! This is just the beginning – next up on the roadmap is adding Cosmos connectivity and expanding our list of supported tokens and routes.
Up until this point, there have been limited options for entering Solana and Bitcoin from Ethereum and Cosmos ecosystems. But here’s the question we must now ask: why settle for less when you can have it all?
The Ecosystem Interoperability Stack and Multi-Protocol Hopping
We will be introducing the Ecosystem Interoperability Stack, a novel approach to cross-chain interoperability that utilizes multi-protocol hopping across various ecosystems. This is all thanks to Squid 2.0's modularity, which allows for dynamic support across chains and ecosystems, along with the flexibility to accommodate multiple cross-chain protocols at once.
Multi-protocol hopping isn't just aggregation, it's the strategic connection between multiple bridges and cross-chain messaging protocols together, so that swaps between multiple liquidity sources can happen simultaneously. This achieves the highest efficiency results for any token swap, across any chain. Chainflip’s integration is the first-time that multi-protocol hopping will be utilized for cross-chain swaps.
For example, a transaction from Celestia to Bitcoin might hop through IBC to exit the Celestia ecosystem via Osmosis liquidity, utilize Axelar for intermediate routing, and finally settle through Chainflip for native Bitcoin delivery – all while minimizing slippage and maximizing efficiency. Unlike other solutions that can only leverage one protocol at a time, Squid's multi-protocol hopping enables complex cross-ecosystem swaps in a single click.
By employing a modular architecture, developers can easily integrate this multi-protocol hopping capability into their applications, allowing for seamless access to cross-chain liquidity. As a result, users benefit from enhanced trading efficiency and lower costs, empowering them to navigate the increasingly complex landscape of cross-chain. Multi-protocol hopping: coming soon to Squid.
Swap to Solana and Bitcoin with Squid
We don’t judge here at Squid, we just get you where you need to go. Whether it’s sovereignty or memecoins you’re looking for, Squid has it all. We’re just getting started, and so can you.
Bridge native assets to Bitcoin and Solana on app.squidrouter.com today.
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.
Try a swap | NFT Checkout | Docs | Twitter | Discord | GitHub | Blog
About Chainflip
Chainflip is a protocol designed for seamless cross-chain swaps of native digital assets without requiring wrapped tokens or special wallets. It connects different blockchains, like Bitcoin, Ethereum, and Solana, enabling direct asset swaps with minimal slippage through its unique Just-In-Time (JIT) Automated Market Maker (AMM) design. Chainflip is able to provide efficient, secure, and decentralized cross-chain trading without relying on bridges or synthetic assets, simplifying the user experience.