Chainflip: The Game-Changer for Cross-Chain Swaps in DeFi

3 min readNov 28, 2023

In the rapidly evolving landscape of decentralized finance (DeFi), @chainflip ($FLIP) is emerging as a transformative force, poised to solve one of the fundamental challenges facing the industry — native cross-chain swaps. With its mainnet set to go live in a matter of weeks, Chainflip promises to create a more interconnected world by eliminating the need for insecure and non-scalable bridges. In this article, we’ll delve into the key features and reasons why Chainflip is gaining traction, exploring how it aims to revolutionize the DeFi space.

The Problem with Bridges:

Today, most blockchains operate as isolated islands. While bridges provide a means to cross these islands, they often come with security concerns and scalability issues, leading to some of the largest hacks in the crypto space. Chainflip aims to address these challenges by offering a decentralized, permissionless, and composable solution secured by a network of 150 independent validators.

Just in Time Automated Market Maker (JIT AMM):

Chainflip introduces the concept of the Just in Time Automated Market Maker, designed to minimize slippage for high liquidity pairs. By eliminating the need for bridges, Chainflip allows for native swaps of assets like Bitcoin to Ethereum and Cosmos, creating a secure and seamless experience without the requirement of KYC.


How Chainflip Works:

Chainflip operates on a permissionless network of 150 validators, combining a settlement and account layer to create an appchain known as the State Chain. This innovative approach tracks balances, processes events, and executes instructions, providing a robust foundation for cross-chain transactions.

Key Features of JIT AMM:

The success of Chainflip’s JIT AMM lies in two core features:

  1. Faster-than-swap Range Order Updates
  2. Swap Batching

$FLIP Token Utility:

The native token, $FLIP, plays a crucial role in Chainflip’s ecosystem. It is utilized as collateral for validator actions, requiring large stakes to earn block rewards and maintain the state of the chain. Validators earn rewards, which are automatically converted into $FLIP by the decentralized exchange (DEX) and subsequently burned.


While initial concerns may arise about $FLIP’s tokenomics, a closer look reveals a well-structured model. With a validator lockup of 48.2%, a linear lockup of 20%, and contributor vesting ranging from 10% to 20%, Chainflip demonstrates a commitment to a stable and sustainable token economy.

Where to Purchase $FLIP:

Chainflip has already garnered attention and is listed on major exchanges such as Gate, ByBit, KuCoin, Cryptocom, and more. Despite its recent token generation event (TGE) on November 23rd, $FLIP boasts a market capitalization of only $124 million, indicating significant potential for growth.

Fundraising Success:

Chainflip has successfully navigated multiple funding rounds, raising a total of $23.3 million. The most recent round, backed by prominent names such as Pantera Capital, Framework, and Blockchain Capital, valued Chainflip at approximately $120 million.

As the DeFi landscape continues to evolve, Chainflip stands out as a promising solution to the challenges of cross-chain interoperability. With its innovative JIT AMM, robust tokenomics, and successful fundraising rounds, Chainflip appears well-positioned to make a lasting impact in the world of decentralized finance. Keep a close eye on this project as its mainnet launch approaches — it could be the missing link that brings together the decentralized islands of blockchain.