Hyperlane vs Squid

Hyperlane3.8/5

VS

Squid4.4/5

Feature	HyperlaneVisit	SquidVisit
Ratings
Our score	3.8/5	4.4/5
User rating	No reviews yet	No reviews yet
Security	3.5	4.0
Speed	4.0	4.5
Fees	3.5	4.5
Chain coverage	4.5	5.0
Ease of use	3.5	4.5
Specs
KYC required	No	Not disclosed
Design	Messaging protocol	Aggregator
Chains	Ethereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Solana, Hyperliquid, Other	Ethereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Cosmos, Other
Chains supported	150	100
Typical fee	Not disclosed	0% on stablecoin swaps; variable route and gas fees
Typical transfer time	Not disclosed	5s
Security model	Configurable Interchain Security Modules (ISMs)	Depends on the underlying route
Audited	Yes	Yes
Token	HYPER	QUID
Intent-based	Not disclosed	Yes
Native token transfers (no wrapped tokens)	Yes	Yes
Company
Founded	2022	2022
Headquarters	United States	Virgin Islands, British
Investors	Variant, Asymmetric, Blockdaemon, Circle +9	North Island Ventures, Polychain Capital
Strengths and weaknesses
Pros	Permissionless deployment to any chain without central governance approval Over 150 supported blockchains across 7 virtual machine architectures Customizable security models tailored per individual bridge route No mandatory KYC requirements to deploy or interact onchain	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	Security depends on individual route configurations rather than a unified chain consensus Core team discontinued managed relayer support for over 20 networks in 2026 Warp Routes expose users to wrapped-asset depeg and liquidity shortfall risks	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 for	Appchain and rollup developers, Protocols managing multichain governance, DeFi teams needing custom routing	Non-EVM to EVM token traders, DeFi users moving stablecoins fee-free, Developers embedding cross-chain swap widgets

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