# Chainflip Chain Block time Methodology

## 1. Overview

Block time is defined as the average time required for a new block to be added to the blockchain. The speed at which the network processes transactions and updates its state is reflected by this measurement. For Chainflip Chain, this metric is monitored to evaluate the operational efficiency and consensus speed of the state chain. Average block times are aggregated on a daily basis to provide insights into network performance and stability.

## 2. Data sources

- **Blockchain events**: Block headers containing block numbers and timestamps, covering Chainflip Chain

## 3. Step-by-step calculation

### Component A: Block timestamp extraction

- **Purpose**: Extract block numbers and their corresponding production timestamps
- **Logic**: Block numbers and timestamps are extracted from the block headers of Chainflip Chain. Each block is uniquely identified by its block number to establish a sequential order.
- **Key fields**: `timestamp` (timing), `number` (block sequence)

### Component B: Block interval calculation

- **Purpose**: Determine the duration between consecutive blocks
- **Logic**: The time elapsed between each block and its immediate predecessor is calculated in milliseconds. This duration is assigned to the calendar day of the later block's timestamp.
- **Key fields**: `timestamp` (block production time), `number` (block sequence)

### Component C: Daily average aggregation

- **Purpose**: Calculate the daily average block time for Chainflip Chain
- **Logic**: The individual block intervals are aggregated by day using UTC boundaries. The average block time is calculated by taking the mean of all block intervals recorded within each day. The final values are normalized and outputted for Chainflip Chain.
- **Key fields**: `timestamp` (daily grain), `block_time` (average duration in milliseconds)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

avg(block_timestamp - previous_block_timestamp)

Block time

Blockchains (L1)

Chainflip operates a decentralized network of 150 validators that collectively control multi-chain vaults using threshold signature schemes (TSS). The protocol uses a Just-In-Time (JIT) AMM where liquidity providers compete to fill swap orders at the moment of execution, enabling capital-efficient cross-chain swaps. A portion of each swap fee is used to buy and burn FLIP tokens.

Chainflip is a decentralized cross-chain swap protocol that enables native asset exchanges across blockchains including Bitcoin, Ethereum, and Solana without wrapped tokens or traditional bridges. It was launched in 2023 by Chainflip Labs and uses a JIT AMM model combined with MPC-based vault technology to provide competitive pricing on cross-chain trades.

Chainflip is governed by its validator set and FLIP tokenholders. Validators stake FLIP to participate in the network and earn fees from swaps. The protocol is developed and maintained by Chainflip Labs.

Chainflip Chain

Block time

Block time

Chain breakdown