Chainflip November 2025: Strong Volume, Rising Burn, and Lending Beta Incoming
November delivered Chainflip’s second-highest month ever, extending the momentum that began with October’s record-breaking performance.
Trading volume remained exceptionally strong, execution quality improved, ecosystem integrations expanded, and FLIP burn reached a new monthly high. With the Lending Beta waitlist now open and new chain integrations progressing internally, Chainflip is closing out the year with meaningful strength across every major metric.
$583M+ in Monthly Trading Volume
Chainflip processed $583M+ in trading volume throughout November, underscoring sustained demand across BTC, ETH, and SOL routes. This marks our second-best month to date and reinforces that October’s breakout was not an anomaly, but the beginning of a broader growth trend.
This consistent volume further establishes Chainflip as one of the most efficient infrastructure layers for native cross-chain execution, especially for partners routing high-frequency and large-order flows.
Execution Quality Improved for Larger Swaps
A key technical highlight in November was the continued improvement in execution behaviour. More non-DCA swaps executed in single chunks, even at larger sizes, supported by stronger liquidity depth from LPs and market makers. This led to smoother pricing, reduced slippage, and more predictable execution outcomes for partners.
These improvements are central to Chainflip’s role as a high-efficiency execution engine for larger and more sophisticated order flow.
Income Statement Shows Major Improvement: Q4 Already Looking Exceptionally Strong
November delivered one of Chainflip’s strongest financial months to date. The protocol generated $322k in revenue against –$144.34k in validator incentives, resulting in $177.66k in net earnings. This improvement reflects both sustained volume and more efficient incentive distribution.
Quarterly performance amplifies the trend. With November included, Q4 earnings stand at $330.49k, generated from $678k in revenue, with one full month still ahead. November alone contributed more than half of that figure, and December historically brings elevated activity.
If momentum continues, Q4 will become Chainflip’s highest-earning quarter to date, signalling strengthened validator economics, reduced net emissions, and a healthier value flow throughout the ecosystem.
FLIP Supply Dynamics Strengthened: 567k FLIP Burned in November
November saw 567k FLIP burned, driven by heavy usage and the protocol’s fee-to-burn design. This brought net emissions deeply negative for the entire month.
The burn chart clearly shows real usage now outpacing emissions, pushing the FLIP supply curve downward throughout November. This shift meaningfully reduces long-term inflation pressure and strengthens the protocol’s economic baseline.
Major Integration Momentum Across Wallets & Aggregators
November brought a series of high-impact integrations that significantly expanded Chainflip’s reach:
MetaMask (via Rango)
On-chain flow shows MetaMask routing native BTC and SOL swaps through Chainflip via Rango, one of the strongest validation signals we’ve seen.
Binance Web3 Wallet (via Rango)
Chainflip routes became accessible to one of the largest retail user bases in the industry.
Router Protocol
Router integrated Chainflip into its execution stack, further strengthening our footprint among cross-chain routing solutions.
CoolWallet & Ellipal (via SwapKit)
SwapKit added support for CoolWallet and Ellipal, bringing native Chainflip-powered swaps to hardware wallet users.
These integrations expand Chainflip’s presence across consumer wallets, professional tools, and self-custody ecosystems, a meaningful distribution advantage as we scale.
Lending Beta Waitlist Open: Beta Launch Expected End of Year
In November, we opened applications for the Chainflip Lending Beta Waitlist, giving early participants the chance to secure access ahead of launch.
The first live iteration of the Lending Beta is expected toward the end of the year, pending final testing and onboarding. Lending represents a major expansion of Chainflip’s capabilities into cross-chain credit markets, enabling:
- Borrowing and supplying flows
- New yield opportunities
- Deeper liquidity for larger swaps
- A broader utility layer for integrators
This will be one of Chainflip’s most significant product milestones yet.
Progress on New Chains and Asset Integrations
Behind the scenes, development on new chains and asset integrations continued throughout November. While we’re not announcing specific chains yet, progress is moving quickly. Once Lending is live, chain expansion becomes a primary focus.
Supporting additional chains unlocks more trading routes, larger volume potential, deeper liquidity, and a broader partner surface, setting the stage for a major growth cycle heading into 2026.
