Orbiter Finance vs Squid

Orbiter Finance3.9/5

VS

Squid4.4/5

Feature	Orbiter FinanceVisit	SquidVisit
Ratings
Our score	3.9/5	4.4/5
User rating	No reviews yet	No reviews yet
Security	3.5	4.0
Speed	4.5	4.5
Fees	4.0	4.5
Chain coverage	4.0	5.0
Ease of use	4.0	4.5
Specs
KYC required	No	Not disclosed
Design	Liquidity network	Aggregator
Chains	Ethereum, Arbitrum, Base, Optimism, Solana, BNB Chain, Other	Ethereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Cosmos, Other
Chains supported	Not disclosed	100
Typical fee	Not disclosed	0% on stablecoin swaps; variable route and gas fees
Typical transfer time	Not disclosed	5s
Security model	Maker system	Depends on the underlying route
Audited	Not disclosed	Yes
Token	OBT	QUID
Intent-based	Not disclosed	Yes
Native token transfers (no wrapped tokens)	Yes	Yes
Company
Founded	2021	2022
Headquarters	Singapore	Virgin Islands, British
Investors	Not disclosed	North Island Ventures, Polychain Capital
Strengths and weaknesses
Pros	Native token transfers avoid wrapped asset depeg risks Processed over $16B in cumulative volume across 24M transactions Low transaction gas fees relative to Ethereum mainnet costs Requires no KYC identity verification 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	Transfers depend on Maker liquidity pools having adequate inventory Transactions can be delayed during severe destination chain congestion Ecosystem utility is closely tied to the volatile OBT protocol token	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	Arbitrum and Optimism users, Moving stablecoins across rollups, Developers automating cross-chain bridging	Non-EVM to EVM token traders, DeFi users moving stablecoins fee-free, Developers embedding cross-chain swap widgets

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