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How We Calculate Utility Score
Our Utility Score is calculated based on a weighted analysis of Platform Functionality, User Experience (UX), Ecosystem Integration, and Active Usage. We evaluate the practical value of the tools, feature availability, cross-chain support, and real-world adoption metrics across the Web3 ecosystem.
Note: Utility scores are dynamic and update as apps release new features or add network support. Users should evaluate features based on their own use cases.
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Overview
Squid Router (app.squidrouter.com) is a cross-chain swap and bridge aggregator built on Axelar's General Message Passing network. It lets users exchange tokens between different blockchains in a single transaction and signature, rather than manually bridging and swapping through multiple separate steps.
Squid launched in 2022 as the user-facing front end for Axelar's interoperability protocol. Since then it has expanded from a single swap widget into a broader platform combining a consumer web app, a developer API/SDK, and an embeddable widget used by third-party wallets and dApps. The project reports having processed several billion dollars in cross-chain volume and being integrated into products such as wallets and other DeFi front ends, positioning it as backend infrastructure as much as a standalone app.
Performance
Boost feature targets sub-minute settlement on supported routes, down from historical cross-chain wait times of up to an hour.
Web
Primary interface is the web app at app.squidrouter.com, supplemented by an embeddable widget used inside other dApps and wallets.
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Rating & Utility
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How We Calculate Utility Score
Our Utility Score is calculated based on a weighted analysis of Platform Functionality, User Experience (UX), Ecosystem Integration, and Active Usage. We evaluate the practical value of the tools, feature availability, cross-chain support, and real-world adoption metrics across the Web3 ecosystem.
Note: Utility scores are dynamic and update as apps release new features or add network support. Users should evaluate features based on their own use cases.
Squid Router Native Token Information
Overview of Squid Router native token, network, and security audit status:
- Token Name:
QUID - Blockchain Protocol:
Base - Security Audit: Not Audited / Unverified
💡 INFO: Full token details and contract address are available below the Read More section in the main review.
Official Links
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