Beamswap previously joined hands with Axelar in a tactical and mutually beneficial partnership, and has taken the next well-calculated stride towards now merging itself with Squid. However, Beamswap happens to be boosted by none other than Axelar and is its routing protocol. This act was carried out with the prime aim and focus on being in the position of adding more value and abilities where the cross-chain is concerned.
The lucrative partnership is duly formed on the basis that Beanswap by itself is required to work on and make necessary changes and improvements related to its ability to asset swap. Therefore, in this regard, Squid is now providing it with technically forward asset routing avenues. However, this acts as a catalyst for quickening the process involved in all related cross-chain transactions. Further, it helps tremendously in simplifying where all users’ interactive activities, with regards to the Beam swap DEX, are concerned.
Hence, to take all of this yet another step further, all of the asset swaps taking place on Beamswap will, from here on, be carried out at a much quicker rate. There will also be the added benefit of everything taking place with greater efficiency, accuracy, and overall effectiveness. It will all be possible to achieve by utilizing the deep cross-chain liquidity Squid holds onto.