Chainflip 2024 Wrapped
2024 is wrapping up, and what a year it’s been for Chainflip. In just under 12 months since launching live swapping, we’ve hit incredible milestones, crossed $1 billion in swap volume, and cemented our position as the only protocol offering native Solana and Bitcoin routes in the space.
Thanks to our thriving community, dedicated liquidity providers, and growing ecosystem of integrators, Chainflip has experienced remarkable growth and momentum. Here’s a look at the stats, highlights, and stories that made 2024 unforgettable.
Swap Volume: From Zero to $1 Billion
Starting from scratch, Chainflip swaps grew faster than we ever imagined. Initially, swap sizes were capped during our Raise the Caps campaign, but overwhelming demand pushed us to increase those limits.
Today, with $1 billion in swaps processed, Chainflip has become a go-to hub for native asset trading between ecosystems like Bitcoin, Solana, and Ethereum. This is more than just a number—it’s a testament to the trust and enthusiasm from our users.
Liquidity and TVL: Boosted.
2024 also saw explosive growth in Total Value Locked (TVL) and liquidity, driven primarily by the introduction of Boosted Bitcoin. This innovative approach not only attracted more liquidity but also improved swapper experience, cutting down Bitcoin swap times.
We’ve also welcomed larger liquidity providers who have committed significant capital to market making on Chainflip. Their participation ensures better pricing, tighter spreads, and smoother swaps for everyone. Their benefit? Jaw-dropping yields, some earning upwards of 80% or more.
📝 Curious about liquidity provision? Check out our detailed blog post here.
Protocol Stats: Bitcoin Reigns, Solana Gains
Bitcoin remains the top-swapped asset on Chainflip, but Solana is closing the gap fast. This isn’t surprising, given that we remain one of the few protocols offering seamless routes to and from Solana.
FLIP Volume: Chainflip has also become the primary market for FLIP, with trading volumes surging this year.
Pricing Improvements: Excellent pricing, Emphasis on excellent
Our mission is simple: becoming the most cost-effective way to swap across ecosystems natively while hiding the complexity from users.
This year, we made significant strides toward that goal, particularly with the introduction of DCA swaps. These enable larger swaps to execute with exceptional pricing and capital efficiency.
Thanks to these innovations, Chainflip is now competing with centralised exchange pricing for major pairs, a major milestone for DeFi.
Integrations: Expanding the Ecosystem
In 2024, we teamed up with some of the most exciting names in the space:
THORSwap, Squid, Rango, THORWallet – You’ve helped bring Chainflip’s liquidity to a wider audience.
Swapkit & BaaS – Thanks for simplifying the integration process and enabling more protocols to tap into Chainflip.
And to all the integrators joining us in 2025: We can’t wait to welcome you into the fold.
Crypto Trends: 2024 in Review
The crypto market was wild in 2024, with the rise of new narratives like meme coins, AI, and increased institutional demand for Bitcoin. While much of Bitcoin’s trading volume still happens off-chain, and Solana continues to dominate retail activity, Chainflip is perfectly positioned to bridge these gaps.
Looking Ahead to 2025
As we roll into 2025, our goal remains clear: to make swapping as efficient and effortless as possible for both existing and new users.
With Bitcoin and Solana still untapped powerhouses, we’re doubling down on our mission to help users seamlessly tap into the latest narratives and ecosystems.
Here’s to building on 2024’s success and making 2025 even bigger.
Cheers to you, our incredible community.
Thank you for swapping, supporting, and growing with us. Let’s make 2025 legendary.
🎉 Chainflip Team