Squid Integrates peaq, Unlocking 1-click Swaps From 10+ Chains

Cross-chain complexity has long been a barrier to Web3 adoption, with users facing slow bridges, multiple interfaces, and high fees. Squid, a leading cross-chain liquidity router, has now integrated with peaq, enabling seamless, one-click token swaps from over 10 major chains. Powered by LayerZero and Axelar, this integration streamlines onboarding into the peaq ecosystem, making it fast, secure, and frictionless.

Key Ideas

Squid Enables Direct Swaps Into $PEAQ From Multiple Chains: Users can swap assets like USDC, USDT, and native gas tokens from Ethereum, Arbitrum, Polygon, Base, and more—without needing centralized exchanges or manual bridging.
Plug-and-Play Tools for DePIN Builders: Squid’s widget, API, and SDK allow developers to onboard users and capital from across Web3 instantly, removing the need for custom bridging logic and simplifying integration into peaq-powered applications.

Why It Matters?

The technology allows to use a “Multi-Chain Funding and Rewards” strategy to accept payments and distribute rewards across major Layer 1 and Layer 2 networks. This expands reach and capital inflow while eliminating cross-chain UX barriers. Then users can pay for services, gas or claim rewards in one transaction regardless of their origin chain.