Squid vs Stargate

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

Squid4.4/5
VS
Feature
Ratings
Our score4.4/54.1/5
User ratingNo reviews yetNo reviews yet
Security4.04.0
Speed4.54.0
Fees4.54.0
Chain coverage5.04.5
Ease of use4.54.0
Specs
KYC requiredNot disclosed No
DesignAggregatorLiquidity network
ChainsEthereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Cosmos, OtherEthereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Other
Chains supported10050
Typical fee0% on stablecoin swaps; variable route and gas feesNot disclosed
Typical transfer time5sNot disclosed
Security modelDepends on the underlying routeLayerZero messaging
Audited Yes Yes
TokenQUIDSTG
Intent-based YesNot disclosed
Native token transfers (no wrapped tokens) Yes Yes
Company
Founded20222022
HeadquartersVirgin Islands, British—
InvestorsNorth Island Ventures, Polychain CapitalNot disclosed
Strengths and weaknesses
Pros
  • 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
  • Connects over 50 blockchains via LayerZero messaging
  • Bridges native assets directly without wrapped token depeg risks
  • No KYC checks or account registration required
  • Bug bounty program offering rewards up to $10 million on Immunefi
Cons
  • 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
  • Dependent on LayerZero validator and relayer infrastructure
  • Subject to transfer delays or higher fees during pool liquidity imbalances
  • Phishing attacks targeted governance participants on Snapshot in December 2023
  • Deprecates low-volume chain endpoints periodically, requiring liquidity provider withdrawals
Best forNon-EVM to EVM token traders, DeFi users moving stablecoins fee-free, Developers embedding cross-chain swap widgetsDeFi traders moving native stablecoins, Developers needing omnichain asset routing, Cross-chain transfers without wrapped tokens

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