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.

website

twitter

docs

Blockchains (L1)

Chainflip

# Chainflip Block time Methodology

## 1. Overview

Block time is defined as the average time elapsed between the addition of consecutive blocks to Chainflip Chain. The speed at which transactions are processed and the network state is updated is reflected by this metric. Latency and throughput of the underlying Chainflip Chain infrastructure are evaluated using these measurements.

## 2. Data sources

- **Blockchain events**: Block headers and timestamps from Chainflip Chain

## 3. Step-by-step calculation

### Component A: Block timestamp extraction

- **Purpose**: Extract block numbers and their corresponding timestamps.
- **Logic**: Block numbers and block timestamps are extracted from block headers on Chainflip Chain. Each block is sequentially ordered by its block number to ensure chronological accuracy.
- **Key fields**: `block_timestamp`, `block_number`

### Component B: Block interval calculation

- **Purpose**: Calculate the time elapsed between consecutive blocks.
- **Logic**: Sequential blocks are paired to determine the time difference between each block and its immediate predecessor. The duration between consecutive blocks is calculated in milliseconds.
- **Key fields**: `block_timestamp`

### Component C: Daily aggregation and normalization

- **Purpose**: Calculate the daily average block time.
- **Logic**: Block intervals are grouped by day based on the timestamp of the later block. The average block time is calculated for each day. The final values are represented in milliseconds.
- **Key fields**: `timestamp`, `block_time`

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

avg(block_timestamp - previous_block_timestamp)

ChainflipFLIP

Block time

Block time

Competitive landscape

Chain breakdown