Swiss-based company Squid has raised $4 million in funding, led by Polychain Capital and with participation from several other investors. The funds will be used to accelerate development and expand support for chains in the EVM and Cosmos ecosystems, as well as build deeper integrations with decentralized applications. Squid is a secure cross-chain router on Axelar Network that enables interoperability between blockchains and applications, and has facilitated over 500,000 cross-chain token swaps, LP deposits, and NFT purchases in its first year.
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Squid Raises $4M to Accelerate Development of Secure Cross-Chain Router for Interoperability Between Blockchains and dApps
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