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Squid

QUID#1358 by market cap

Qualifies for a record and its pages are captured daily, but the record has not been written yet.

#17of 38 cross-chain communication coinsthe typical one is worth $5.37M#1322of all coins by sizeworth $8.17M today86%of the supply still to come856.84M coins can still reach the market1 monthon the markettrading since 4 August 2026

Squid is for cross-chain communication. We have not written its record yet, so its promises are not checked. It trades at $0.0571, #1322 of all coins by size, 60% below its highest ever price.

This week Nothing changed on its record.

A real job, real backing. No dated promises on its pages. Nothing dated ahead. #17 of 38 cross-chain communication coins. 1 reason to be careful.

Is it real?

4 of 4tests passeda real job, real backing, something ahead, room to grow
nonenamed backersno investor or index on file
1 monthon the marketsince 4 August 2026

Reasons to be careful:Half the supply still to come

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Passes all four

  • ✓A real-world jobReal-world purpose: cross-chain communication
  • ✓Real backingBacking: trades on Kraken, Upbit
  • ✓Something aheadAhead: news this month about upgrade
  • ✓Room to growRoom: worth $8.17M, 41 times smaller than LayerZero, the biggest coin within reach doing the same thing (Cross-chain Communication)

Listed on 2 big exchanges

  • Origin4 August 2026about about 1 monthsquidrouter.com, GitHub, Whitepaper
  • DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
  • BackingNo named investorListed on Kraken, Upbit
  • Standing on the recordNo recordNo dated promise to judge yet6 headlines last monthNo corrections needed so far
Why it is worth a look
  • Real-world purpose: cross-chain communication
  • Backing: trades on Kraken, Upbit
  • Ahead: news this month about upgrade
  • Room: worth $8.17M, 41 times smaller than LayerZero, the biggest coin within reach doing the same thing (Cross-chain Communication)
The gap, and what to do

It is already worth more than the typical coin in Cross-chain Communication ($5.37M). To match the leader, LayerZero ($335.42M), its price would need to rise 4003%, to about $2.34.

Still to check

  • No dated promise on record yet, so delivery cannot be judged
  • No named investor among its tags
  • Only 6 headlines named it last month

What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.

A gap is not a forecast. Most small coins never close it. The site never picks.

Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.

Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.

Does it deliver?

No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.

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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it

What is next, and when?

Nothing dated has been found on its pages, so there is no date to wait for yet.

How big is it next to its rivals?

#17of 38 cross-chain communication coinsthe typical one is worth $5.37M
$8.17Mworth todayprice × coins out
$5.37Mthe typical rival is worthCross-chain Communication
$335.42Mthe leader is worthLayerZero
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world

Cross-chain communication

39 coins tagged Cross-chain Communication, worth $9.84B together. #18 of 39 by worth.

Cross-chain Communication: this coin against its direct competitors

  • CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
  • Squid$8.17Mthis coin−4.0%14% outno record
  • LayerZero$335.42M41.0× bigger, +$327.24M−7.7%, gap −3.735% outno record
  • Olympus$301.38M36.9× bigger, +$293.21M−0.5%, gap +3.5no maxnone dated
  • Zama$113.95M13.9× bigger, +$105.78M−5.6%, gap −1.6no max1 of 7 delivered
  • deBridge$92.23M11.3× bigger, +$84.06M+0.9%, gap +4.959% out0 of 2 delivered
  • Wormhole$62.02M7.6× bigger, +$53.85M−4.4%, gap −0.465% outnone dated
  • SOON$60.68M7.4× bigger, +$52.51M−1.5%, gap +2.5no maxno record
  • Axelar$58.91M7.2× bigger, +$50.74M+5.8%, gap +9.9no max0 of 6 delivered
Same job, different how

Cross-chain Communication: this coin next to LayerZero, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.

Squid says
Squid is the cross-chain infrastructure layer that powers the movement of digital value across more than 100 blockchains and 20,000+ tokens.
LayerZero says
.

Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.

What it is

Squid is the cross-chain infrastructure layer that powers the movement of digital value across more than 100 blockchains and 20,000+ tokens.

Problem it says it solves: cross-chain communication. 39 coins are working on it and together they are worth $9,836,420,966. This coin is 0% of that.

Where it trades: Kraken, Upbit, LBank, PancakeSwap V3, Bitget

Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.

Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.

What should make me careful?

1 reason to be careful

  • Half the supply still to come86% of the maximum supply is still to come
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Why is it this small?

Cross-chain Communication: this coin next to the group's largest, LayerZero.

SquidLayerZero
Years trading1 months2 years
Major exchanges28
Named backers02
Headlines, last month659
Promises deliveredno recordno record

What it says is different: Squid is the cross-chain infrastructure layer that powers the movement of digital value across more than 100 blockchains and 20,000+ tokens.

It is 2.4% the size of LayerZero. On the facts above it is behind on years trading, major exchanges, named backers, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.

Printed the same way as the reasons for: facts from the record, the tags and the market feed. Never a verdict, never the word sell.

The homework: the coin itself, the news, the record

The coin itself

$0.0571price of one−4.0% today
60%below its highest ever$0 on 4 August 2026
14%of the supply is out143.16M coins
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The last 7 days

7 days ago: $0.0674now: $0.0571 (−15.3%)

Where today sits against its highest ever price

$0.0571

Highest ever: $0.1429 on 4 August 2026. Today is 40% of that.

14%

of all QUID that will ever exist is already out in public hands: 143.16M coins.

86% (856.84M coins) is already created but not in public hands, held by the project or locked in escrow. That is a majority. Those coins can be sold later, which can push the price down.

out held back. Each dot is 1%.

Its pages do not say what holding it gets you

That is worth knowing before buying. A coin nobody needs is priced on hope.

  • Nothing the project's own pages spell out.
$0.0571price of one
×
143.16Mcoins out
=
$8.17Mworth today, #1322 of all coins

That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.

Basics
  • 14%of the maximum supply is in circulation: 143.16M of 1B.
  • 856.84Mcoins still to be released, 86% of the maximum. Releases can add selling pressure.
  • 7.0×fully diluted value versus today's market cap. The gap is coins not yet released.
  • 40%of its all-time high of $0.1429 on 4 August 2026. That is −60.1% from the top.
  • #1322by market cap, $8,174,514.
  • Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.

Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.

What the news says

6headlines, last monththat name this coin
0about governmentregulation, courts, central banks
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Headlines per day, last 30 days

6 headlines named this coin in the last month.

What they were about

  • Price2
  • Upgrade2
  • Unlock1

Why it movedDown 15% this week. No headline named it in the last three days, so the move is not explained by news we can see.

In the news
What people are talking about, last month:

Headlines are the publishers' own. News is never placed next to price.

The record itself

Qualifies for a record and its pages are captured daily, but the record has not been written yet.

Pages saveddailycaptured every night
Promisesnone yetno record drafted
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy