Developers cross-chain protocol Squid introduced the ability to swap blockchain assets built on the EVM-based networks and Cosmos. According to The Block.
To implement the new solution, the project integrated tools from Axelar Network and Inter-Blockchain Communication Protocol (IBC), and also entered into a partnership with the decentralized Osmosis platform.
In January, Squid привлек $3.5 million in seed funding in a round led by North Island Ventures.
In June, the cross-chain protocol Connext attracted $7.5 million at a valuation of $250 million.
In early September, the project conducted the NEXT token airdrop.