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 offers 20% APR staking with a 14-day lockup, limited to 250k FLIP until Jan 29.
contract
ethereum
Offers staking rewards of 20% annual percentage rate with a 14-day lockup period, limited to the first 250,000 FLIP worth of allocations, from January 15th to January 29th, 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 staking shows 10.55M FLIP staked across 10 operators, offering 11.49% APY for delegators and 49.72% APY for validators, with MAB at 181k FLIP.
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.
Phantom wallet integrates native Bitcoin swaps powered by Chainflip and LiFi protocol. ShapeShift integration with Chainflip processes large BTC swaps with under 1% delta and 17-minute settlement in self-custody.
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.
November generates $583M in swap volume (second-best month), $887k in partner fees (highest to date), and achieves first positive net earnings of $153k. The protocol burns 567k FLIP tokens in November with net emissions deeply negative, and adds integrations with CoolWallet and Ellipal wallets through SwapKit.
Binance Wallet integrates Chainflip routing through RangoExchange for BTC, ETH, and SOL swaps.
Router, described as an OG aggregator, partners with Chainflip to integrate native routes.
MetaMask integrates Chainflip through RangoExchange, adding native Bitcoin and Solana routes based on onchain activity.
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.
Chainflip Lending product launches soon, enabling users to collateralize native Bitcoin for cross-chain borrowing.
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.
Platform records its highest volume day ever while maintaining smooth operations.
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.
Protocol update v1.9 officially launches with Asset Hub features deploying in coming weeks.
Early investor liquidates holdings due to fundamental protocol concerns including market maker risks and censored swaps.
New Bitget Wallet integration enables native BTC and SOL swaps, driving increased trading volume.
New stablecoin yield strategy launches with v1.9.1, offering passive returns on USDC and USDT without impermanent loss.
Critical v1.9.1 upgrade deployed to testnet, preparing for mainnet push with runtime upgrades and integration testing.
Large-scale BTC swaps executed with minimal price impact, demonstrating significant trading volume and liquidity depth.
1.3M FLIP tokens burned through ongoing swap-based burning mechanism.
Protocol captures 50% of DeFi BTC swap market while token becomes deflationary due to fee buybacks exceeding node rewards.
Token burn rate surges following Boost fee split implementation, with continued increase expected.
Trading volume reaches all-time high in March, approaching $2 billion total volume.
Validator system upgrade proposed with five reforms targeting economic security, friction reduction, and operator decentralization.
Achieves $3M+ daily volume as leading integrator in the ecosystem.
V1.8 upgrade in progress bringing Vault Swaps, Cross-Chain Aggregation, and Boost Fee Split with FLIP buy and burn mechanism.
Trading volume reaching new all-time highs with strong activity from integrators, LPs, and swappers.
Token allegedly being used by North Korean Lazarus group to offload stolen ETH.
Disabled ETH to BTC swaps. Reportedly being used by Lazarus Group to convert stolen Bybit funds. Working on implementing ETH broker level screening.
Seed investment targeting bridge risk for bitcoin, offering lower rates than Thor. Investors now fully vested.
Emerging as most capital-efficient cross-chain protocol in the market. SOL swaps showing high volume through THORSwap.
Recent upgrades implemented including static asset gauges and internal volume chart with stacked buy/sell visualization