Chainflip 2024 In Numbers
As Chainflip concluded its first year of mainnet operations in 2024, the protocol demonstrated remarkable growth across all key metrics. The protocol expanded its feature set with innovations like Boost and DCA (Dollar-Cost Averaging), while successfully integrating Solana and Arbitrum support to broaden its chain offerings.
A major milestone was reached with over $1 billion in processed swap volume, highlighting strong market adoption from both end-users and blockchain protocols leveraging Chainflip's SDK. The protocol's enhanced liquidity provider infrastructure attracted active participation, establishing Chainflip as a significant player in the cross-chain exchange landscape.
New integrations further strengthened the Chainflip ecosystem, with partners like THORSwap, Shapeshift, THORWallet, Rango Exchange, and Squid joining the FLIP crew to name a few. Infrastructure solutions such as SwapKit and Broker-as-a-Service have brought in a wide array of integrations, helping Chainflip position itself as a key piece of infrastructure for seamless native asset swaps, specifically for Bitcoin, Ethereum, and Solana. Additionally, Chainflip has proven itself as one of the most capital-efficient protocols in the market, maximizing liquidity while minimizing overhead.
One of the biggest highlights was the addition of Solana as a native asset, making Chainflip the first protocol to enable native SOL <>BTC swaps—giving us a significant edge in the market. While our Chainflip Wrapped 2024 report focused on the features added throughout the year, this report dives into the numbers to highlight the growth behind these milestones. For more details, check out our blog. Now, let’s look at the figures that showcase Chainflip’s impressive progress.
2024 Numbers
Chainflip’s first year of operations has shown promising results, particularly with integrator volume steadily increasing. This growth highlights the demand for native BTC and SOL routes. By integrating with Chainflip, partners gain direct access to new revenue streams while offering users unique routes that aren’t available elsewhere in the market.
We also witnessed our first-ever $1 million+ swap, a significant milestone that demonstrates the growing trust users have in Chainflip. Additionally, the total FLIP burn serves as a strong indicator of value capture for the $FLIP token. You can find more details about the burn progress here.
Now, let’s take a visual look at Chainflip’s impressive $1 billion swap volume growth over the past year:
Over the past six months, Chainflip has consistently broken its all-time high volumes, driven primarily by the addition of DCA & product market fit. This feature has enabled us to handle significantly higher volumes with even better pricing, all while maintaining our existing liquidity. This surge in volume has been transformative—not only for the protocol but also for liquidity providers, who have reaped substantial rewards through impressive yields, further fuelling the liquidity flywheel.
The Foundation Is Set — 2025: The Year of Interoperability
In 2024, the explosive growth of L2s and AltVMs highlighted the increasing demand for robust cross-chain connectivity. Chainflip’s architecture, built to integrate seamlessly with any blockchain network, uniquely positions us to enable native asset transfers across both established and emerging ecosystems.
The successful launch of DCA and Boost features was a major step forward in our mission to replace centralized exchanges. By providing professional traders and liquidity providers with a decentralized, self-custody solution that rivals the functionality of centralized platforms, Chainflip continues to lead the charge in delivering true on-chain execution.
Our expanding ecosystem of partners is a testament to Chainflip’s versatility and reliability. As we look to 2025, we are doubling down on SDK development to simplify integrations while delivering industry-leading pricing execution for our partners. These efforts will ensure Chainflip remains the go-to cross-chain liquidity solution for the growing DeFi landscape.
With Simon’s $100 million daily volume projection in sight, our roadmap focuses on three core pillars: cross-chain infrastructure expansion, feature-rich decentralized trading, and ecosystem growth. The foundation laid in 2024 has set the stage for what’s to come. Let’s make 2025 the year of true blockchain interoperability!