Celer cBridge vs Squid

How Celer cBridge vs Squid compare on our ratings, bridge specs, funding, pros and cons.

VS
Squid4.4/5
Feature
Ratings
Our score4.0/54.4/5
User ratingNo reviews yetNo reviews yet
Security3.54.0
Speed4.54.5
Fees4.04.5
Chain coverage4.55.0
Ease of use4.04.5
Specs
KYC required NoNot disclosed
DesignLiquidity networkAggregator
ChainsEthereum, BNB Chain, Polygon, Arbitrum, Optimism, Avalanche, OtherEthereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Cosmos, Other
Chains supported50100
Typical feeNot disclosed0% on stablecoin swaps; variable route and gas fees
Typical transfer timeMinutes5s
Security modelCeler State Guardian Network (SGN)Depends on the underlying route
Audited Yes Yes
TokenCELRQUID
Intent-basedNot disclosed Yes
Native token transfers (no wrapped tokens) Yes Yes
Company
Founded—2022
Headquarters—Virgin Islands, British
InvestorsNot disclosedNorth Island Ventures, Polychain Capital
Strengths and weaknesses
Pros
  • Supports transfers across more than 50 EVM and non-EVM blockchains
  • Processed over $100 billion in cumulative bridged volume by June 2026
  • Smart contracts audited by CertiK and SlowMist
  • No identity verification or account signup required to bridge
  • Routes across 100+ chains including non-EVM networks like Solana, XRPL, and Cosmos
  • Zero protocol fees charged on stablecoin swaps
  • Executes swaps in native tokens without issuing wrapped assets
  • Completed 9 security audits with no historical protocol exploits
Cons
  • Total value locked declined to about $13.2 million in October 2026
  • Users face counterparty risk from State Guardian Network validator consensus
  • Liquidity shortfalls in specific pools can delay or limit transfer sizes
  • Variable routing fees apply to non-stablecoin token swaps
  • Security depends on multiple third-party bridges and solver networks
  • Potential for slippage or execution delays during extreme liquidity shortfalls
Best forCross-chain stablecoin transfers, Moving assets across EVM layers, Transfers avoiding wrapped tokensNon-EVM to EVM token traders, DeFi users moving stablecoins fee-free, Developers embedding cross-chain swap widgets

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