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.

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# Chainflip Tradeable assets Methodology

## 1. Overview

The Tradeable assets metric is defined as the number of unique assets available for trading on Chainflip DEX. The breadth of the project's asset coverage and the expansion of its supported cross-chain markets are reflected by this metric. By tracking the deployment of new liquidity pools, the growth of the platform's trading catalog is monitored.

## 2. Data sources

- **Blockchain events**: `NewPoolCreated` events from `LiquidityPool` contracts, covering Chainflip Chain

## 3. Step-by-step calculation

### Component A: Chainflip DEX pool creation tracking

- **Purpose**: Identify new liquidity pools and their associated assets on Chainflip DEX.
- **Logic**: `NewPoolCreated` events from `LiquidityPool` contracts are parsed to extract the base asset and quote asset for each newly initialized pool.
- **Key fields**: `base_asset`, `quote_asset`, and `block_timestamp`

### Component B: Daily asset aggregation

- **Purpose**: Count the number of unique new assets introduced to the platform each day.
- **Logic**: The unique base assets are grouped by day based on the event timestamp. A distinct count of these base assets is calculated for each daily interval to determine the number of new assets added.
- **Key fields**: `base_asset` and `block_timestamp`

### Component C: Cumulative asset calculation

- **Purpose**: Calculate the running total of tradeable assets over time.
- **Logic**: The daily counts of new assets are aggregated chronologically to calculate a running cumulative sum. An offset of one is added to this cumulative sum to determine the final tradeable asset metric.
- **Key fields**: `asset_count` and `timestamp`

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

Number of unique tokens tradeable on the exchange.

ChainflipFLIP

Tradeable assets

Tradeable assets

Competitive landscape

Chain breakdown