Squid Router (QUID)

Squidrouter is a decentralized cross-chain platform with over $6B in total volume and more than 4.6M transactions processed since its launch in November 2022 through June 2026.

It operates on the same principle as a DEX swap router, similar to Jupiter, Cowswap, or 1inch, but extended to crypto bridges. It constantly identifies the best token transfer and swap routes, creating a nautal competition across executors to get the most competitive prices and time execution.

As a result, Squid Router app allows users to buy, swap, transfer, and bridge tokens across 100+ major chains, 20k+ tokens, and 130+ liquidity sources. According to the website, all of this is delivered at execution speeds and costs ~5x lower than traditional bridging services.

At its core, the Squid Router Bridge platform consists of two components:

• Squid Frontend: A native web app offering simple asset operations - buy, swap, bridge, and send tokens, powered by Squid bridge router;
• Squid Developer Framework: Enables developers to integrate the Squid widget or build custom cross-chain applications using its API and SDK.

Read more about the project on its sale page.

🪙 Squid Token: $QUID is the platform's native token, with primary utilities including staking, governance, and access to new features and premium functionality. Governance members can also vote and determine what share of treasury resources to be allocated to $QUID buybacks.

On June 24, 2026, the project announced a $SQUID token sale on Legion and Kraken Launchpad. Token allocation, release schedule, and sale FDV have yet to be disclosed.
 

To help you prepare for the upcoming token sale, the Coinlaunch team has put together a list of Squid crypto project pros and cons:
 

✅ Squid router pros:

• No Squidrouter airdrop = lower sell pressure at TGE;
• Over $6B in cumulative volume;
• Strong bridge governance token narrative, according to DeFiLlama;
• Circle and Axelar as partners
• Strong network backers, including Polychain Capital, Stani Kulechov, and others;
• Multiple security audits.
   

❌ Squid router cons:

• No info on the project revenue;
• Below-average digital marketing score; 
• The core team is mostly anonymous;
• Tokenomics, FDV, and release schedule to be announced in the last days before the sale.