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Cross-chain infrastructure Squid completes $6 million funding round, led by North Island Ventures
BlockBeats News, May 23 — Cross-chain infrastructure Squid announced the completion of $6 million in funding. This round was led by North Island Ventures, with participation from institutions including Ripple, Dialectic, Borderless Capital, and Scenius Capital. Angel investors from projects such as Axelar, Ledger, Polymer Labs, Enso, and Peanut also participated in and supported the initiative.
Squid said that since going live, it has processed more than $6 billion in transaction volume, completed over 4 million transactions, and serves more than 1 million users worldwide. At present, Squid is connected to more than 100 chains, more than 20,000 tokens, and over 130 DEXs.
The team revealed that it will continue expanding to new chains, users, functions, and products in the future, and hinted that mobile-related products are about to be launched.