Connect with us

DeFi

Squid unveils direct swaps across Cosmos and EVM blockchains

Published

on

Spread the love

Published 1 minute earlier on

Squid, a protocol specializing in cross-chain swaps, has expanded its services to facilitate liquidity routing and token swaps across the Ethereum blockchain, various Ethereum Virtual Machine blockchains, and the Cosmos ecosystem.

By integrating Axelar Network and adopting the Cosmos Inter-Blockchain Communication (IBC) protocol, along with a partnership with the decentralized exchange network Osmosis, Squid has broadened its capabilities to encompass tokens swaps across both EVM and Cosmos blockchain ecosystems simultaneously.

In January, Squid raised$3.5 million seed round led by North Island Ventures.

Squid’s cross-chain swap protocol

Transferring assets between EVM and Cosmos blockchains can be complex due to their inherent incompatibility. Squid, which is built on the Axelar Network, seeks to address this issue.

Squid uses Axelar’s General Message Passing (GMP) technology in conjunction with the IBC protocol. The combination enables the transport of both tokens and smart contract logic between the Cosmos and EVM ecosystems.

“By making cross-chain token swaps among both Cosmos and EVM blockchains trivial, Squid extends this vision of interoperability and lowers the barrier to economic collaboration across these ecosystems,” said Fig, the pseudonymous co-founder of Squid.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Bitcoin

Interview with Valeriia Trubnikova from GO GREEN

Published

on

By

Spread the love
Continue Reading
Bitcoin2 months ago

Interview with Valeriia Trubnikova from GO GREEN

Bitcoin2 months ago

Interview with Mehmet Deniz Percin from Areon Network

Bitcoin2 months ago

Exploring the Future of Crypto with Mohamed Azzi from Sastanaqqam

Bitcoin2 months ago

Interview with Bill Wang from Bitunix

Bitcoin2 months ago

Zex PR Wire: Revolutionizing Media Announcements

Bitcoin2 months ago

Exploring the Future of Crypto, NFTs and Metaverse with Vibhor Khandelwal of Expand My Business

Bitcoin2 months ago

Sunmoney Solar Group Embraces the Future with Blockchain and AI at Dubai Event

Bitcoin2 months ago

MetaYobi: Pioneering the Next Era of Blockchain and NFTs

Bitcoin2 months ago

Foxify’s Evolution: A Deep Dive into Their Cryptocurrency Initiatives

Bitcoin2 months ago

A Deep Dive into Achainable’s Vision and Expertise | Insights from Dubai’s Tech Event

Bitcoin2 months ago

Blockchain Economy Summit Dubai, CoinReporter interview with CoinsDO

Bitcoin2 months ago

Interview with BRN Metaverse CTO Seyran Gorur

Bitcoin2 months ago

The Future of Crypto-Art: Sastanaqqam’s Journey. Interview with Mohamed Azzi

Bitcoin2 months ago

Exploring MetaYobi: Blockchain Solutions and Ambitious Plans. Interview with Mohammed Yousuf

Bitcoin2 months ago

Bitcoin’s Risk-Reward Ratio -Very high quality interview from Kitco News with Fred Krueger

Bitcoin9 months ago

Bitcoin’s Rhythmic Movements: Deciphering the Leading Digital Currency in the Midst of Economic Shifts

Crypto9 months ago

Shifting Tides: India’s Journey Towards Universal Digital Currency Regulatory Measures

Featured9 months ago

Panerai’s Digital Transformation: The Advent of the NFT Digital ID

Crypto9 months ago

Crypto and the SEC: Navigating New Waters

DeFi9 months ago

Polygon Labs asks senators to consider apple orchard as they tax crypto

DeFi9 months ago

Coinbase Cloud integrates Kiln platform for native ETH staking below 32 ETH

DeFi9 months ago

Squid unveils direct swaps across Cosmos and EVM blockchains

DeFi10 months ago

DeFi Value Locked Reaches $42 Billion – A Comprehensive Analysis of the Latest Trends in Decentralized Finance

Featured10 months ago

A Conversation with BRN Metaverse: An Insight into Their Ecosystem, NFTs, and AI Integration

Bitcoin10 months ago

Interview with Berkan from Crypto Carbon Energy

Advertisement

Trending