Squid vs Wormhole

Squid4.4/5

VS

Wormhole3.2/5

Feature	SquidVisit	WormholeVisit
Ratings
Our score	4.4/5	3.2/5
User rating	No reviews yet	No reviews yet
Security	4.0	2.5
Speed	4.5	3.0
Fees	4.5	3.0
Chain coverage	5.0	4.5
Ease of use	4.5	3.5
Specs
Design	Aggregator	Messaging protocol
Chains	Ethereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Cosmos, Other	Ethereum, BNB Chain, Arbitrum, Base, Optimism, Polygon, Avalanche, Solana, Sui, Aptos, Other
Chains supported	100	Not disclosed
Typical fee	0% on stablecoin swaps; variable route and gas fees	Not disclosed
Typical transfer time	5s	Not disclosed
Security model	Depends on the underlying route	Guardian network of 19 validators
Audited	Yes	Yes
Token	QUID	W
Intent-based	Yes	Not disclosed
Native token transfers (no wrapped tokens)	Yes	Yes
Company
Founded	2022	2020
Headquarters	Virgin Islands, British	—
Investors	North Island Ventures, Polychain Capital	Arrington Capital, Borderless Capital, Brevan Howard, Coinbase Ventures +17
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 more than 45 blockchains Guardian network has 19 validators Supports native token transfers through NTT Published security report and open-source infrastructure
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	2022 signature-verification exploit caused a loss above $320M Guardian compromise could enable fraudulent cross-chain messages Wrapped assets can depeg from their underlying assets Route costs and transfer times vary by asset and chain
Best for	Non-EVM to EVM token traders, DeFi users moving stablecoins fee-free, Developers embedding cross-chain swap widgets	Multichain application developers, Institutions issuing native assets, Cross-chain governance teams

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