KEY TAKEAWAYS
- Squid integrates with MANTRA Chain, enabling seamless token swaps across over 100 blockchains.
- This integration enhances the liquidity and portability of real-world assets across multiple chains.
- Squid’s technology supports quick cross-chain transactions, eliminating the need for centralized exchanges.
- Squid is now the default bridging method within MANTRA Finance, expanding its ecosystem capabilities.
Squid, a prominent cross-chain liquidity bridge and aggregator, has officially integrated with MANTRA Chain, expanding the latter’s ecosystem. This integration allows users to seamlessly swap tokens across more than 100 blockchains, including Ethereum, Solana, Bitcoin, Cosmos, and XRPL.
Squid’s technology offers an API, SDK, and Widgets that facilitate easy integration for projects on any blockchain, enabling cross-chain functionality with a single click. This development is expected to enhance the portability, liquidity, and composability of real-world assets (RWAs) across multiple chains.
To date, Squid has securely processed over 2.5 million transactions, amounting to more than $3 billion in volume. It has been integrated with major EVM chains such as Ethereum, Base, Polygon, Arbitrum, and BNB ($872.34), as well as Solana. This integration means users can now bridge funds to MANTRA Chain from all major chains via Squid, marking a significant advancement for the MANTRA ecosystem.
How Squid Enhances User Experience
Squid aims to simplify the process of swapping tokens across different blockchains, allowing users to manage any asset on any chain with just one click. This approach saves time and effort by finding the best route and combining necessary interactions into a single action.
With Squid, applications and swaps across chains can be accessed in under 20 seconds, eliminating the need for centralized exchanges or handling wrapped assets. This speed and user-centric design made Squid an ideal infrastructure partner for MANTRA.
Squid supports a variety of wallets, including EVM wallets like Trust Wallet, MetaMask, and Coinbase Wallet, Cosmos wallets such as Keplr and XDEFI, Solana wallets like Phantom, and Bitcoin wallets such as Phantom BTC ($89,983.00) and Unisat.
Integration with MANTRA Finance
Squid will be integrated into MANTRA’s signature app, MANTRA Finance, which is the hub for regulated RWA activity within the MANTRA ecosystem. Squid will serve as the default method for users to bridge funds within MANTRA Finance.
The integration of Squid with MANTRA Chain is now live, offering developers new opportunities to leverage this functionality. More details about the integration can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Squid has integrated with MANTRA Chain, facilitating seamless token swaps across over 100 blockchains, including major networks like Ethereum and Solana. This development enhances the liquidity and composability of real-world assets across multiple chains.
Recent industry reports indicate that key trends in cross-chain token swaps include expanded interoperability via protocols like THORChain and Chainlink’s CCIP. This aligns with Squid’s integration with MANTRA Chain, which aims to improve cross-chain functionality and liquidity.
According to Squid’s documentation, experts see Squid as strategically valuable for enabling fast, low-slippage cross-chain swaps to and from MANTRA Chain. This supports the integration’s potential to enhance liquidity and user experience across MANTRA’s ecosystem.
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