Chainflip (FLIP) is the native token and governance asset of the Chainflip protocol, a decentralized, trustless cross-chain
AMM and bridging solution that enables fast, secure, and non-custodial swaps and asset transfers of native tokens across major blockchains including
Bitcoin,
Ethereum, Solana, Polkadot, Cosmos, and more. Founded in 2021 by the Chainflip Labs team, Chainflip uses a decentralized validator network secured by threshold signature schemes (TSS) and a unique auction-based liquidity model that allows market makers to provide deep, stable liquidity without wrapped assets, centralized custodians, or liquidity fragmentation. Users can perform cross-chain swaps with minimal slippage and guaranteed finality, while FLIP holders stake to become validators or delegate for rewards, participate in governance through the Chainflip
DAO, and earn fees from protocol activity, all secured by audited smart contracts and a focus on native asset interoperability in the multi-chain
DeFi landscape.
When Did Chainflip Launch?
Chainflip was founded in 2021 by the Chainflip Labs team to solve cross-chain liquidity and bridging challenges, launching its
mainnet and FLIP token in late 2023 after extensive testnets, validator onboarding, and security audits. The project quickly expanded with Bitcoin integration in 2024, Solana and Polkadot support in 2025, progressive decentralization of its
validator set, and high-volume swap capabilities, achieving billions in cumulative bridged volume and strong ecosystem adoption by December 2025.
What Are the Key Features of Chainflip?
Chainflip features trustless cross-chain swaps for native assets (no wrapped tokens or centralized intermediaries), a validator network secured by threshold signature schemes (TSS) for high security and fast finality, auction-based liquidity provision for deep and stable pools, staking for validator rewards and governance participation, low fees with priority options, audited security with multiple independent reviews, and support for Bitcoin, Ethereum, Solana, Polkadot, Cosmos, and more, all designed to provide seamless, non-custodial interoperability and trading across blockchains with emphasis on reliability and scalability.
What Is FLIP Used For?
FLIP is used for staking to secure the validator network and earn rewards from swap fees, voting in the Chainflip DAO on protocol upgrades, chain integrations, and treasury allocation, paying priority fees for faster swaps during high congestion, providing liquidity in auction pools for yields, and accessing ecosystem incentives including delegation rewards, validator bonuses, and community grants for contributors.
What Is the FLIP Token Utility?
FLIP serves as staking collateral for validator election and slashing protection to ensure honest network behavior, weighted governance token for DAO decisions on upgrades, chain additions, and treasury spending, fee payment medium with potential discounts and burns for deflationary pressure, value capture mechanism from cross-chain trading volume through fee shares, liquidity incentive through auction rewards and yield multipliers, and treasury funding source for ongoing development, security audits, chain expansions, and ecosystem growth initiatives.
What Blockchain Does Chainflip Operate On?
Chainflip operates on its own sovereign
Layer-1 blockchain with support for native asset swaps across Bitcoin, Ethereum, Solana, Polkadot, Cosmos, and other chains through its validator network and threshold signature schemes.
What Are FLIP Tokenomics?
FLIP has a capped maximum supply designed for long-term scarcity, with controlled circulation managed through
staking rewards, validator emissions, and vesting schedules as of December 2025. The allocation prioritizes staking and validator incentives for network security, governance rewards to encourage active participation, team vesting over multiple years for alignment, liquidity provision for market stability, treasury reserves for development and partnerships, and ecosystem incentives for adoption, with deflationary mechanics through fee burns and sustainable emission schedules to support value accrual over time.