SquidRouter introduces the $QUID token sale;
Raised a total of $13M across three rounds with participation from Polychain, Node Capital, Stani Kulechov (Aave founder), Nomad, among others.
--| Squid is a cross-chain routing infrastructure company, founded in 2021
⚡️ $6B+ Total transactions
⚡️4M+ Q1 2026 volume alone, $2.6B
⚡️Q1 2026 transactions, 3.7M
Token details:- -
- Token name: $QUID ( 1B Supply)
- Total Supply: Fixed, hard-capped, no inflation
- FDV~$242M (rumor, wait for announcement)
Public sale: June 30 13:00 UTC - July 3 13:00 UTC (72 hours) on Kraken and Legion.
Utility (planned): Staking, governance, treasury buybacks, in-app features
--What's still UNKNOWN (June 27 reveal): --
/ Team/insider allocation %
/ Ecosystem/treasury allocation %
/ Circulating supply at TGE and FDV
/ Vesting schedule for all buckets
🟢 GREEN Flag
- Strong VC at low valuation: Polychain Capital (Tier 1) led the $4M round. Fabric Ventures led the seed.
- There's usage + no predatory raise.
❌ RED Flag
- No announced tokenomics at the moment to full decide
- Currently a bad market to raise funds (sometimes an opportunity
- Revenue is estimated; no on-chain Proof of Revenue because Squid is a Private company and Revenue are estimated based on when fee is introduced [https://t.co/CwQ5QySDuC] -
In short, the fee introduction hasn't been tested yet. Volume was built mainly because the route is cheap (Same reason I used it a lot of times)
Personally, I will have to see the Circulating supply + Vesting and participation schedules before I decide on how to go about it.
Here's the blunt truth:
Cross-chain/interop is NOT the leading narrative right now. It's recognized as structurally important, but it's not where the momentum capital is flowing
That's all for now. 🪭
Stay ALERT!