what's chainflip?
Chainflip is a cross-chain decentralized exchange (DEX) protocol designed to facilitate seamless, trustless swaps of native assets across multiple blockchains, including Bitcoin, Ethereum, Solana, and Polkadot, without the need for wrapped tokens or centralized intermediaries. Its core purpose is to provide efficient cross-chain liquidity through a Just-in-Time (JIT) liquidity model, ensuring competitive pricing and minimal slippage for users. The native FLIP token powers the ecosystem by enabling validator staking for network security, fee payments, and governance participation, while also supporting mechanisms like token burns to enhance scarcity. Key features include stablecoin yield strategies offering 8-15% APY based on flow, volume, or customizable spreads; a delegation system for operators to attract stake and earn dual revenue; and upcoming expansions into native Bitcoin lending. Chainflip has achieved significant milestones, such as processing over $1.24 billion in swap volume and integrating with ecosystems like HyperLiquid, demonstrating robust growth and adoption.
Chainflip proposed FLIP 2.1 Buy-and-Distribute mechanism and integrated with ClyptoApp.
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ethereum
FLIP 2.1 Buy-and-Distribute mechanism has been proposed.
Integrated with ClyptoApp, enabling Chainflip functionality within the Clypto platform.
Processed $72.4M in swap volume across 6,900 swaps, with BTC accounting for 82% of volume, for the week ending April 8, 2026.
USDC utilization in the lending feature reached 82% during the week ending April 7, 2026.
Processed $56M in swap volume across 37,117 swaps during March 2026.
Lending active loans increased by 19.4% in the most recent week.
Recorded largest single BTC to ETH swap at $9.7M.
Partnered with Symbiosis to enable cross-chain swaps into Solana, processing $2.65M in USDC volume and becoming the #1 broker in the 24 hours preceding 2026-03-30.
Asgardex averaged $75,500 per swap on Chainflip in February 2026.
Added cbBTC (Coinbase's Bitcoin on Base) support to the roadmap.
Stablecoin strategies yield 12.29% APY.
Added wBTC, USDT on Solana, and USDT on Arbitrum, and launched a solUSDT-USDC strategy.
Integrated with Leather Finance to enable cross-chain swaps through Chainflip's protocol.
Has distributed 9.15M FLIP in total staking rewards.
Burned 164,000 FLIP tokens valued at approximately $31,800 on April 7, 2026.
Burned 222,800 FLIP tokens valued at approximately $59,000 in the week prior to March 9, 2026.
Reached lending TVL of $1.43M, up 14% week-over-week, without incentive programs.
Plans to add TRON and BNB support to Chainflip Lending.
Hosts livestream and AMA with Simon Harman on YouTube on 2026-03-06 at 5 PM CET, featuring project updates and community Q&A.
Processed a record swap of $3.6M USDC to BTC, marking the third consecutive week with a new record swap size.
Integrated with Trust Wallet for native cross-chain swaps via Rango Exchange, routing 60% of integrator swaps in March 2026.
Powers native cross-chain swaps in Crypto.com wallet via integration with LI.FI protocol.
Processed over $6.7 billion in swap volume through its validator set.
Burned over 2 million FLIP tokens in the last 3 months.
Launched native BTC lending, generating $417K yield since launch, and BTC-collateralized borrowing for USDT/USDC without KYC.
Hosts an AMA in cryptorand's Discord on 2026-02-19 at 2 PM CET to discuss Chainflip Lending, cross-chain swapping, and upcoming developments.
Processed largest swap of $3M BTC to USDT via Rango Exchange.
Integrated with Xverse wallet (1.7M users) for cross-chain Bitcoin swaps via SwapKit.
Borrow rates for USDT sit at 2.83% and USDC at 3.23% on Chainflip Lending as of March 26, 2026.
Achieved $59.5M in Bitcoin trading volume over a 7-day period ending around February 10, 2026, with a net inflow of $21.5M to Bitcoin as the top destination asset.
Integrated with JumperExchange, with the partnership being reestablished or renewed.
Integrated with SafePal wallet via SwapKit for native cross-chain swaps, reaching 25 million users, and became the #1 integrator by volume in the 7-day period ending April 11, 2026.
Burned 329,000 FLIP tokens valued at approximately $122,900.
Achieved $32.92 million in USDT swap volume across 3,910 swaps during January 2026.
Achieved $25.74 million in ETH swap volume across 3,202 swaps during January 2026.
Burned 8 million FLIP through swap fee accumulation, including 175,000 FLIP (~$69,600) during the week ending January 19, 2026.
Achieved 350% year-over-year revenue growth and reached consistent profitability.
Offers 20% APR staking with 14-day lockup, limited to 250,000 FLIP allocations, from January 15th to January 29th, 2026. Staking earns 15.16% APY as of April 2, 2026.
Integrates BNB Chain to enable native cross-chain swaps for BNB, plans EVM support in Q1 2026.
Scheduled public token sale in Q1 2026 before TGE.
Completed the snapshot for the Chainflip Frenzy raffle on 2026-01-06, closing the raffle entry window.
Averages $76 million in weekly trading volume as of December 2025.
BTC remains the top trading asset with $1.78B total volume swapped and $973.58M of that volume boosted through the protocol.
Harbour enters the cross-chain DEX space as a fourth project alongside Chainflip, Maya, and THORChain, according to an ecosystem participant recognizing the shared lineage of these DEX solutions.
Delegated 10.55M FLIP across 10 operators, offering 11.49% APY for delegators and 49.72% APY for validators, with MAB at 181k FLIP and 162 validators competing.
The project is hiring a Senior Product Manager in Berlin with a salary range of €85K-115K.
Cross-chain lending enters closed beta testing with participants earning around 15% APY in FLIP tokens.
The protocol adds integrations with MetaMask (via Rango Exchange) and Router Protocol.
Integrated native Bitcoin swaps in Phantom wallet via LI.FI, routing 9% of all integrator swaps in March 2026. ShapeShift processes large BTC swaps with under 1% delta and 17-minute self-custody settlement.
Q4 tracks as the strongest quarter in protocol history with one month still to go.
November burn amount updated to 923k FLIP tokens, significantly higher than the previously reported 567k.
Generated $583M swap volume, $887k partner fees, and $153k positive net earnings in November, burning 567k FLIP tokens. Emissions stopped, transitioning to FLIP 2.1 buy-and-distribute model for stakers; integrated CoolWallet and Ellipal wallets.
Integrates native cross-chain swaps in Binance Wallet via Rango Exchange for BTC, ETH, and SOL.
Router, described as an OG aggregator, partners with Chainflip to integrate native routes.
Integrated MetaMask through RangoExchange for native Bitcoin and Solana cross-chain swaps, routing 4% of all integrator swaps in March 2026.
The project launches a closed, incentivized beta to test a new lending protocol with real assets and liquidations, offering 25,000 FLIP in rewards across supply, borrow, and action incentives for whitelisted participants.
Delegated Staking reaches 10 million FLIP tokens staked, crossing the 10% of total supply threshold.
The project generates $80,000 USD per week in revenue for token buybacks.
The project is hiring a Senior Product Manager in Berlin with a salary range of €85K-115K.
The project is hiring a Lead Product Designer for a full-time flexible position based in Berlin or remote.
SwapKit cross-chain toolkit connects Chainflip with THORChain, Maya, and NEAR, enabling access to 10,000+ assets across 30+ blockchains.
Delegated staking feature has launched with 7.74M FLIP tokens now staked across 10 active node operators and Minimum Active Bid (MAB) reaching 138k FLIP.
Released v2.1.4 on March 11, 2026, with wBTC, native Bitcoin lending for cross-chain borrowing of BTC, ETH, SOL, USDC, USDT, and USDT support on Solana and Arbitrum. Resumed swaps on March 13, 2026, after a service outage.
The FLIP token data analytics tool has been restored and is now operational again.
All-time high amount of FLIP tokens burnt yesterday.
Solana swaps have been restored on the platform after a period of unavailability.
The project is hiring a Lead Product Designer for full-time or flexible work in Berlin or remotely.
FLIP token currently trades at $0.45.
New competitor PACT SWAP goes live with claims of 90% lower cross-chain costs and 45% cheaper swaps than Chainflip, backed by $4.998M in funding and 6 partner integrations.
New all-time high volume recorded on a Saturday.
The platform announces an upcoming native Bitcoin lending system that operates without wrapped tokens or custodians, described as the first-ever native BTC lending functionality coming soon.
A Delegation Calculator (beta) launches, allowing users to calculate and compare APYs for operators and delegators with adjustable parameters.
Recorded daily all-time high volume of $47.1 million.
FLIPgoHL achieves B-Tier ranking in the HyperLiquid ecosystem classification, indicating adoption and recognition following its hackathon win.
A delegation system for operators is announced, offering dual revenue streams through operator rewards plus commission from delegators, allowing operators to grow their bids and attract more stake.
The project is hiring a Lead Product Designer for full-time/flexible work in Berlin or remote, indicating team expansion and growth.
Stablecoin liquidity providers can now choose between flow, volume, or APY strategies with customizable spreads for yield generation.
Chainflip is now integrated with Rango Exchange's routing system, being recommended alongside Uniswap for the top-volume DAI to SOL swap route over the past 7 days.
FLIPgoHL wins Hyperliquid Community Hackathon for developing a Hyperliquid streaming platform with deBridge onramp integration.
A new lending product interface or major update is introduced, featuring native cross-chain borrowing and lending capabilities with an improved user experience design.
Protocol surpasses $3.6B in total swap volume across native BTC, ETH, SOL, and USDC transactions.
Upcoming v1.11 release introduces Delegated Staking for token holder utility and includes protocol improvements for swaps, BTC fees, and transaction speeds.
SwapKit integration goes live with Jupiter Exchange, enabling native flow of Solana's long-tail liquidity to BTC and ETH networks.
Native BTC lending platform launches with cross-chain capability and no wrapped assets.
ShapeShift launches on Solana Mobile's Seeker dApp store, enabling mobile self-custody swaps.
Protocol achieves 1.3M transactions in 90 days alongside new partnerships with zkSync, Enkrypt, Jupiter, and Orbs Liquidity Hub.
Protocol handles $1.7M cross-chain swap with minimal -0.25% slippage
New SubWallet integration enables native cross-chain swaps between BTC, ETH, USDC/USDT and DOT on Polkadot.
New Rango integration leads to #1 ranking on DefiLlama's Bitcoin bridge volume leaderboard.
New Flash Rewards program offers 20% APY for 14-day FLIP token lock-up, capped at 222,000 FLIP total allocation.
Protocol reaches $1.08B in BTC swap volume with 60%+ of trades using premium execution.
Protocol expands reach through Jumper integration, offering substantial BTC swap liquidity
New LI.FI integration expands native Bitcoin swap capabilities through API, SDK, and Widget integration.
Hackers accessed $23.72M in ETH from protocol 3 months ago; currently active with $12.37M ETH position.
Token emissions decrease by 20% following validator changes, signaling first step toward FLIP 2.0 emission shutdown.
Bitcoin staking feature generates consistent 5%+ APY through boosted yields.
Network fees drive 2M+ FLIP token burn through automated buyback mechanism
New Thorwallet integration drives $80M+ swap volume and $200K+ in fees
Multiple team members actively selling tokens through CEX to avoid detection, bypassing native platform.
Significant selling pressure continues while retail holders remain at loss, complicated by weak marketing and community engagement.