Cross-chain swaps are getting a boost with the latest version of Squid, launched today.

Squid 2.0 introduces a new architecture that abstracts away chains to simplify even complex transaction flows with multiple hops.

The update includes performance and cost improvements, and expands Squid 2.0’s functionality into new areas such as 1:1 stablecoin transfers, real-world asset (RWA) transactions and advanced routing.

This new approach goes far beyond finding the most efficient bridge routes, according to Fig, Squid’s co-founder.

“We are a bridging tool in a certain way, but we think that we can change the way that swaps are also done,” Fig told Blockworks.

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