Squid Gas: Market Comparison

    Introduction

    Squid is a decentralized platform built on the Axelar network that aims to provide users with an efficient and secure way to trade cryptocurrencies across different blockchains. The platform utilizes a unique protocol that enables users to conduct cross-chain swaps and liquidity provision with ease, making it an ideal solution for those looking to trade assets without having to rely on centralized exchanges.

    Squid is similar to other decentralized trading platforms such as Stargate and Thorchain in that it enables users to trade assets across different blockchains. However, there are some key differences between these platforms. For example, Stargate is a decentralized exchange that runs on the Cosmos network and supports trading between different Cosmos-based assets. It also allows for the creation of custom trading pairs, making it a more flexible platform in terms of the assets it supports.

    Thorchain, on the other hand, is a decentralized liquidity network that enables users to swap assets across multiple blockchains without the need for an intermediary. It also supports the creation of custom trading pairs and utilizes a unique consensus mechanism to ensure that trades are executed quickly and efficiently.

    Compared to Stargate and Thorchain, Squid is still a relatively new platform, but it offers some unique features that set it apart from its competitors. For example, Squid utilizes a hybrid approach to liquidity provision that combines automated market makers (AMMs) with an order book-based trading engine. This enables users to access the benefits of both types of liquidity provision, resulting in a more efficient and flexible trading experience. Additionally, Squid is built on the Axelar network, which enables it to support cross-chain trades across a wide range of blockchains, making it a versatile platform for traders looking to move assets between different networks.

    Methodology

    The methodology for this analysis involves a comprehensive review of the fee structures and metrics for Squid, Stargate, and Thorchain. To conduct this analysis, we have developed a multitab dashboard that provides a detailed overview of the fees and associated metrics for each platform.

    The dashboard is designed to be user-friendly and intuitive, allowing users to easily navigate between different tabs to access information about each platform. In the first tab, users can find an overview of the Squid platform, including its fee structure, supported blockchains, and trading volume. The second tab provides a similar overview of the Stargate platform, including its fee structure and supported blockchains.

    In addition to the platform overviews, the Squid and Stargate sections are further broken down by each supported blockchain. This allows users to gain a deeper understanding of the fee structures and associated metrics for each chain. The Squid and Stargate sections also include charts and graphs that illustrate fee trends and trading volume for each platform.

    Finally, the third tab of the dashboard provides a comparison of the fee structures and associated metrics for all three platforms. This section includes side-by-side comparisons of trading fees, withdrawal fees, and other relevant metrics. This allows users to quickly and easily compare the fees and associated metrics for each platform and make informed decisions about which platform may be the best fit for their trading needs.

    Overall, this methodology provides a comprehensive and detailed analysis of the fee structures and associated metrics for Squid, Stargate, and Thorchain. The multitab dashboard provides users with a user-friendly and intuitive way to access this information and make informed decisions about which platform may be the best fit for their trading needs.

    ** I want to thank Jack_the_guy , because I have used one of his dashboards which was about Stargate application **