# Chainflip Chain Number of validators Methodology

## 1. Overview

Number of validators measures the number of active nodes that produce blocks and secure the network. It reflects the degree of decentralization and resilience of the blockchain. For Chainflip Chain, this metric is determined by tracking the size of the active validator set designated to participate in the network's consensus and security. The active validator count is updated periodically when new validator sets are selected and confirmed.

## 2. Data sources

- **Blockchain events**: `AuctionCompleted` events from the `validator` pallet on Chainflip Chain

## 3. Step-by-step calculation

### Component A: Validator set extraction

- **Purpose**: Extract the active validator count from consensus events
- **Logic**: `AuctionCompleted` events from the `validator` pallet are parsed to identify when a new validator auction is completed. The number of active validators is calculated by extracting the array of validator addresses from the event data and determining its length.
- **Key fields**: `block_timestamp` (timing), `event_data` (containing the validator array)

### Component B: Daily state resolution and forward-filling

- **Purpose**: Establish a continuous daily time series of the active validator count
- **Logic**: The validator count is aggregated to a daily grain. For days with multiple validator set changes, the last recorded validator count of the day is selected to represent that day's active set. For days where no `AuctionCompleted` events occur, a fill-forward strategy is applied to carry the most recent validator count forward, ensuring a continuous daily metric.
- **Key fields**: `block_timestamp` (timing), `validator_count` (active node count)

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

Number of active validators securing the network.

Number of validators

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

Number of validators

Number of validators

Chain breakdown