ChainFlip

Chainflip is a decentralised, trustless protocol for native cross-chain swaps that runs on its own Substrate-based State Chain. A 100-of-150 validator network manages MPC vaults and a just-in-time automated market maker (JIT AMM), so users can settle swaps between major L1 assets like BTC, ETH, SOL, and DOT without wrapped tokens or custodial bridges.

Developers can target Bitcoin, Ethereum, Arbitrum, Solana, Polkadot, and Polkadot's Asset Hub via Chainflip's identifiers. Supported assets span native BTC, ETH, DOT, SOL, FLIP, and stablecoins such as USDC and USDT, with the July 30, 2025 Asset Hub integration adding hubUSDC and hubUSDT routes alongside existing mainnet pairs.

No. Swappers only deposit the asset they want to trade. Chainflip's fee engine sources and burns FLIP in the background, so FLIP exposure is optional for traders while validators and liquidity providers still capture the protocol's buy-and-burn value flow.

On February 19, 2025 the v1.8 release delivered Bitcoin vault swaps and smarter cross-chain gas budgeting to simplify aggregator integrations, and the July 30, 2025 Asset Hub launch unlocked one-click routing between Polkadot-native stablecoins and Chainflip's BTC/ETH/SOL markets—together shrinking integration overhead and broadening liquidity destinations.