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

# Chainflip Tradeable pairs Methodology

## 1. Overview

The number of unique asset pairs available for trading on Chainflip DEX is measured by the Tradeable pairs metric. The number of direct swap routes offered by the project is reflected by this metric. The expansion of the protocol's trading ecosystem is monitored by tracking the creation of new liquidity pools over time. Insights into the growth and asset diversity of the decentralized exchange are provided to institutional investors through this metric.

## 2. Data sources

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

## 3. Step-by-step calculation

### Component A: Pool creation tracking

- **Purpose**: Newly created liquidity pools are identified and extracted.
- **Logic**: `NewPoolCreated` events from `LiquidityPool` contracts are parsed to extract the base asset, quote asset, and pool identifier. Each unique pool creation is recorded with its corresponding block timestamp.
- **Key fields**: `base_asset`, `quote_asset`, `block_timestamp`

### Component B: Daily pair aggregation

- **Purpose**: The number of new unique asset pairs added each day is calculated.
- **Logic**: The distinct count of base assets from the identified pools is aggregated on a daily basis. Net new tradeable pairs introduced to Chainflip DEX are represented by this daily count.
- **Key fields**: `base_asset`, `block_timestamp`

### Component C: Cumulative aggregation and daily continuity

- **Purpose**: The running total of tradeable pairs is calculated and continuous daily data is ensured.
- **Logic**: A cumulative sum of the daily new pair counts is calculated over time to determine the total number of tradeable pairs available on any given day. Days with no new pool creations are populated to maintain a continuous daily time series, and the final dataset is filtered based on chain availability.
- **Key fields**: `tradeable_pairs`, `timestamp`

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

Number of unique token pairs available for trading on the exchange.

ChainflipFLIP

Tradeable pairs

Tradeable pairs

Competitive landscape

Chain breakdown