Skate vs Squid

Skate3.7/5

VS

Squid4.4/5

Feature	SkateVisit	SquidVisit
Ratings
Our score	3.7/5	4.4/5
User rating	No reviews yet	No reviews yet
Security	4.0	4.0
Speed	3.5	4.5
Fees	3.0	4.5
Chain coverage	4.0	5.0
Ease of use	3.5	4.5
Specs
KYC required	No	Not disclosed
Design	Intent-based	Aggregator
Chains	Ethereum, Solana, Sui, Arbitrum, Base, BNB Chain	Ethereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Cosmos, Other
Chains supported	6	100
Typical fee	Not disclosed	0% on stablecoin swaps; variable route and gas fees
Typical transfer time	Not disclosed	5s
Security model	OP Stack rollup settling to Ethereum with Avail DA and EigenLayer AVS attestations	Depends on the underlying route
Audited	Yes	Yes
Token	SKATE	QUID
Intent-based	Yes	Yes
Native token transfers (no wrapped tokens)	Yes	Yes
Company
Founded	2023	2022
Headquarters	—	Virgin Islands, British
Investors	HashKey Capital, Nomad Capital, Mirana Ventures	North Island Ventures, Polychain Capital
Strengths and weaknesses
Pros	Retains user assets locally without relying on wrapped token mints Connects EVM networks directly to non-EVM chains like Solana and Sui Smart contract architecture audited by Nethermind Secured by restaked capital via EigenLayer AVS integration	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	Executor network operates on a whitelist-only onboarding model Unfilled intents depend on periphery refund task processing to recover funds Protocol security depends on the stability of the underlying OP Stack rollup and Avail DA	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	Cross-chain AMM liquidity providers, Developers deploying multichain state apps, Traders operating between EVM, Solana, and Sui	Non-EVM to EVM token traders, DeFi users moving stablecoins fee-free, Developers embedding cross-chain swap widgets

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