August 2025 Wrap-Up
August was a landmark month for Chainflip. With new all-time highs, major announcements, and steady progress on core features, momentum around the protocol has never been stronger. It was a month that showed not only how far Chainflip has come, but also how much bigger the road ahead is shaping up to be.
Trading & Liquidity
This month, Chainflip processed over $478m in swap volume, setting a new record and surpassing August 2024’s figures by 646%. It also smashed through the previous all-time high of $335m: a milestone that proves the system’s ability to scale.
Even more impressive, the protocol supported this level of flow with under $10m in liquidity. That’s a powerful showcase of how capital efficient Chainflip really is, and a clear signal that the design can handle far larger volumes as adoption accelerates.
We’re thrilled to see this growth play out in real time. The surge in volume has brought more LPs into the mix, tightening spreads and making swaps on Chainflip even more optimal.
Network Fees & FLIP Burn
Higher volumes mean higher revenue. In August, Chainflip generated $272k in network fees, all of which fuelled our buy-and-burn mechanism that permanently reduces FLIP supply. A total of 446k FLIP was burned this month, pushing the cumulative burn to 3.49m FLIP.
The trajectory is undeniable: Chainflip is consistently deflationary, with supply trending lower month by month as activity grows.
What's more exciting is watching the net amount of FLIP that is being burned a year, which at current volumes and FLIP price put it at 8.13% of the FLIP supply burned. Big thanks to Noel for the data. You can view more in-depth charts here.
The community is also actively discussing the path toward FLIP 2.0, where emissions will sunset, and network fees will flow directly to stakers, paid out in USDC. It’s the kind of “good problem” that comes with growth: how to best distribute the value Chainflip continues to generate.
Swap Flows
Bitcoin once again dominated the order books, but August also saw a sharp rise in USDT. This reflects the growing demand for EVM ecosystem access and reinforces Chainflip’s role as the native on- and off-ramp between the biggest ecosystems in crypto.
Marketing & Growth
On the growth front, the team has been doubling down on organic acquisition. A renewed focus on SEO, GEO targeting, and keyword optimization is already driving a noticeable uptick in new users landing directly in the swapping app.
Our website also continues to evolve, rolling out fresh pages and campaigns that highlight Chainflip’s product stack and amplify visibility across all channels.
Big Announcements: Lending
The headline milestone of August was the announcement of Native BTC Lending and Cross-Chain Liquidity Lending — the most ambitious expansion of the protocol since launch.
For the first time, users will soon be able to lend and borrow native BTC, ETH, SOL, and more without relying on wrappers, bridges, or centralized intermediaries.
The first phase, General Lending, will allow users to borrow USDC again assets such as BTC, ETH & SOL. It marks the beginning of a brand-new vertical for the protocol — expanding well beyond swap fees.
What’s Next
The roadmap ahead is stacked. Delegated staking is coming soon, giving FLIP holders the ability to stake directly from Ethereum wallets to node operators. Delegators will earn a share of protocol rewards while operators strengthen their bids, further decentralizing and securing the network. Step-by-step guides and tutorials will roll out in the coming weeks to make it simple for both delegators and operators.
Another feature nearing release is Live Price Protection (LPP), which gives swappers and integrations full confidence that swaps will only execute at or better than the quoted price. This will dramatically improve the user experience, particularly for power users and integrators.
Looking Ahead
With record-breaking trading volumes, a surging burn, a major new lending vertical, and powerful features just around the corner, August was nothing short of a turning point for Chainflip.
The best part? We’re only just getting started.