LayerZero vs Squid

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

VS
Squid4.4/5
Feature
Ratings
Our score3.2/54.4/5
User ratingNo reviews yetNo reviews yet
Security2.54.0
Speed3.54.5
Fees3.04.5
Chain coverage4.55.0
Ease of use3.04.5
Specs
DesignMessaging protocolAggregator
ChainsEthereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Solana, Aptos, Tron, OtherEthereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Cosmos, Other
Chains supported132100
Typical feeMessaging fee plus source-chain gas; native USDT0 transfers carry no USDT0 fee0% on stablecoin swaps; variable route and gas fees
Typical transfer timeNot disclosed5s
Security modelApplication-configured decentralized verifier networks (DVNs)Depends on the underlying route
Audited Yes Yes
TokenZROQUID
Intent-basedNot disclosed Yes
Native token transfers (no wrapped tokens) Yes Yes
Company
Founded20212022
Headquarters—Virgin Islands, British
InvestorsCitadel Securities, Tether, a16z crypto, Andreessen Horowitz +23North Island Ventures, Polychain Capital
Strengths and weaknesses
Pros
  • Supports 132 blockchains, including EVM networks, Solana, Aptos and Hyperliquid
  • Applications can configure their own verifier networks and quorum
  • OFT supports native-style transfers for issued assets such as USDT0
  • Permissionless messaging infrastructure is available to application developers
  • 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
  • A 1-of-1 verifier setup enabled the April 2026 KelpDAO exploit
  • The KelpDAO bridge lost approximately $292 million in April 2026
  • Fees vary by chain, message and delivery route
  • Applications remain exposed to chosen DVNs and compromised RPC infrastructure
  • 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 forMultichain token issuers, Cross-chain application developers, Stablecoin infrastructure teamsNon-EVM to EVM token traders, DeFi users moving stablecoins fee-free, Developers embedding cross-chain swap widgets

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.

More comparisons