Portal vs Squid

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

Portal3.4/5
VS
Squid4.4/5
Feature
Ratings
Our score3.4/54.4/5
User ratingNo reviews yetNo reviews yet
Security4.04.0
Speed3.04.5
Fees3.54.5
Chain coverage3.05.0
Ease of use3.04.5
Specs
KYC required NoNot disclosed
DesignNot disclosedAggregator
ChainsBitcoinEthereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Cosmos, Other
Chains supportedNot disclosed100
Typical feeNot disclosed0% on stablecoin swaps; variable route and gas fees
Typical transfer timeNot disclosed5s
Security modelBitScaler trustless multi-party atomic swap channels and non-custodial validator nodesDepends on the underlying route
AuditedNot disclosed Yes
TokenPTBQUID
Intent-basedNot disclosed Yes
Native token transfers (no wrapped tokens) Yes Yes
Company
Founded20182022
HeadquartersUnited StatesVirgin Islands, British
InvestorsPaloma Investments, Arrington CapitalNorth Island Ventures, Polychain Capital
Strengths and weaknesses
Pros
  • No wrapped tokens or lock-and-mint bridge contracts
  • Non-custodial design leaves funds in user wallets until atomic settlement
  • Native support for Bitcoin, Runes, and Ordinals without synthetic minting
  • $92M in verified venture backing from Coinbase Ventures, OKX Ventures, and Paloma Investments
  • 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
  • Swap execution speeds are tied to Bitcoin base-layer confirmation times
  • Channel settlement remains vulnerable to elevated Bitcoin network fee spikes
  • 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 forNative Bitcoin holders avoiding wrapped tokens, Traders exchanging Ordinals and Runes cross-chain, Developers integrating direct Bitcoin settlementNon-EVM to EVM token traders, DeFi users moving stablecoins fee-free, Developers embedding cross-chain swap widgets

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