Cross-Chain Infrastructure Squid Completes $6 Million Funding Round, Led by North Island Ventures

BlockBeats News, May 23rd, cross-chain infrastructure Squid announced the completion of a $6 million financing round, led by North Island Ventures, with participation from Ripple, Dialectic, Borderless Capital, Scenius Capital, and other institutions. Projects such as Axelar, Ledger, Polymer Labs, Enso, and Peanut also participated as angel investors.

Squid stated that since its launch, it has processed over $6 billion in transaction volume, completed over 4 million transactions, and served over 1 million users worldwide. Currently, Squid has connected to over 100 chains, more than 20,000 tokens, and over 130 DEXs.

The team revealed that they will continue to expand to new chains, users, features, and products, hinting at the upcoming launch of mobile-related products.