Whether it’s launching Squid 2.0, unveiling a completely new UI, releasing CORAL to the world, creating a cross-chain Wallet View, traveling the world, hosting Squid Summer Camp, hitting new ATH’s for volume and users, surpassing 3 billion in volume swapped, or adding support for Bitcoin and Solana, we can certainly say…

It’s been our biggest year yet, here at Squid.

We couldn’t do it without your support. Thank you to the users, members, maxis, and investors for believing in the magic of Squid. As we said earlier this year: we are a small but mighty team. We build and we build, and we do it all for you. We’re excited to share our biggest moments from 2024, as we prepare for the best year yet.

Squid connects 4 ecosystems and supports 79 chains

With our most recent addition of Bitcoin and Solana, Squid is now one of the only decentralized ways to reach Bitcoin, Cosmos, Ethereum, and Solana. With 16 new chains added this year, you can now bridge to 79 chains with Squid, accessing over 100+ liquidity sources in a matter of seconds.

This year, Arbitrum was the chain with the largest number of transactions, and also the top destination chain on Squid, per Axelarscan. BNB Chain, Polygon, and Base followed closely behind. March was our biggest month for Cosmos activity, and our highest ranking month for transactions this year was July, with a total of 79.2k transactions in 31 days.

Your improved Squid-experience

This year we released a series of products and features to make your life better. So that you can have complete access to everything you need, and anything you want, all in one place. So that you can bridge to new chains and swap to new tokens, all in a matter of seconds. Here are some of our favorite releases of the year:

Squid 2.0 - Smarter, faster, better. More routes, better rates, same-chain swaps, 10x faster quotes, and an entirely new interface…

• Smarter: More intelligent routing, more functionality via hooks, and same-chain swaps.

• Faster: 10x faster quotes, 500ms response time, and 1:1 stablecoin and RWA transfers.

• Better: More liquidity, less slippage, better prices.

You can feel the difference when you visit app.squidrouter.com and swap any token across any chain. Learn more about Squid 2.0 here.

New UI - Squid 2.0 came with a refreshed UI for your ultimate experience on both desktop and mobile. Here’s a refresh on our refreshed UI, along with Your guide to swapping anywhere with Squid 2.0.

Squid Wallet View - Shortly following the release of Squid 2.0 and our new UI, came the revolutionary Squid Wallet View. One place to view and manage all of your crypto across chains, accounts, and wallets. Learn more about Squid Wallet View here.

Same chain swaps - With same chain swaps enabled on Squid, you can bridge any token across any chain and swap tokens on a single chain. All with the best rates, fastest speed, and happiest vibes. This makes Squid your go-to bridge and your go-to DEX.

CORAL - CORAL is one of our most recent releases, and another best of the best. By combining both onchain and offchain liquidity through RFQ (Request-for-Quote) auctions, CORAL delivers optimal execution while minimizing blockchain usage. This means:

• Up to 90% lower gas fees: CORAL reduces gas costs by batching intents

• Near-instant finality: Orders are filled immediately on the destination chain

• MEV protection: Built-in safeguards against front-running

• Zero slippage: Get exactly what you asked for

CORAL makes it insanely easy and CHEAP for you to send and swap USDC and ETH across supported chains. Learn more about CORAL here.

Squid Ecosystem: 400+ projects and teams

You can achieve anything cross-chain with Squid’s integration tools, and over 400 projects have chosen Squid for exactly this reason. This year alone, 305 teams integrated Squid 2.0 to enable cross-chain functionality for their projects and users.

Squid has been integrated for cross-chain deposits, swaps, staking, purchasing, for NFTs, Perps, DEXs, Wallets, Aggregators, SocialFi, Launchpads, Stablecoins, DeFi, Gaming, and more.

Some of our notable integrations from this year include: Brave, Extended, Sushi, Gitcoin, Immutable, and Legion.

Are you interested in taking your project cross-chain with Squid? Check out our developer docs here to learn more:  https://docs.squidrouter.com/

Squid celebrations this year

If you recall, Squid turned ONE at the beginning of 2024! While we kicked off this year with a month-long birthday celebration, we continued our efforts throughout the year and were delighted to see exceptional growth both on and off the chain.

We launched our esteemed Squid Maxi fellowship, which was followed closely by the launch of Squid School. From guides to case studies and more, you can check out Squid School here.

We also hosted Squid Summer Camp which was truly a blast (we’re also truly sorry if you missed it). Squid Summer Camp included daily activities, individual and team contests, and the opportunity to meet awesome new members! We ended camp with our very own swap-to-play PacSquid, and manually awarded a total of 2,921,278 berries to campers and teams at Squid Summer Camp. You can view the entire Squid Summer Camp Archive here.

In addition to our online and on chain campaigns, we brought Squid to life through a variety of merch.

Squid IRL

We may be chronically online, but we managed to travel to countries around the world. We shared our thoughts on stage at conferences, co-hosted parties with some of our favorite teams, and gave out specially crafted Squid merch along the way.

We had the honor of meeting new friends and reconnecting with old ones in Singapore, Argentina, USA, South Korea, Belgium, and Thailand. We even brought PacSquid to life at our party with Refraction and FWB in Singapore.

We bid adieu to 2024, and say hello 2025

We bring into this new year all of the greatness from 2024, because what more can we offer you than one place to win and to lose, all amongst friends.

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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