Chainflip
Chainflip is a decentralized cross-chain exchange protocol enabling native swaps between Bitcoin, Ethereum, Solana, and other assets without wrapped tokens, secured by a 150-validator MPC network and serving crypto traders, liquidity providers, and developers.
- Company typePrivate
- Founded2020
- HeadquartersBerlin, Germany
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Chainflip does
Chainflip is a decentralized cross-chain exchange protocol that enables native swaps between Bitcoin, Ethereum, Solana, Polkadot, and stablecoins without the use of wrapped tokens or bridges. The platform is built on an application-specific blockchain (State Chain) secured by a 150-validator Proof-of-Stake MPC network using Threshold Signature Scheme (TSS) cryptography, which allows direct on-chain asset transfers between ecosystems while maintaining non-custodial control. As of the most recent disclosures, Chainflip has processed $1.6B in cumulative swap volume and $1.4B in trade flow with zero lost funds over 2+ years of operation, and has been audited by Trail of Bits.
The product suite comprises a self-serve Swap interface (swap.chainflip.io), a Liquidity Provision app (lp.chainflip.io) offering native Bitcoin yield with no impermanent loss, a native BTC-backed Lending product launched in 2025, and a developer SDK for embedding cross-chain capabilities. Chainflip monetizes through small protocol fees on swaps, while 0.1% of swap volume is used to buy and burn the native FLIP token, creating a deflationary mechanism. The protocol distributes via a product-led growth motion targeting crypto-native traders, liquidity providers, and developers, relying on community channels (Twitter, Discord, Telegram) rather than traditional sales infrastructure.
Chainflip Labs GmbH (Germany) owns the brand and intellectual property, while the Crosschain Association (UK) operates the protocol under license. The company has raised approximately $19.8M across three funding rounds between 2020 and 2022, with investors including Blockchain Capital, Framework Ventures, Pantera Capital, Coinbase Ventures, and Mechanism Capital. The company is privately held with 11-50 employees, headquartered in Berlin.
Chainflip firmographics
Firmographics- Name
- Chainflip
- Legal name
- Chainflip Labs GmbH
- Website
- https://chainflip.io
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Chainflip is a decentralized cross-chain exchange protocol enabling native swaps between Bitcoin, Ethereum, Solana, and other assets without wrapped tokens, secured by a 150-validator MPC network and serving crypto traders, liquidity providers, and developers.
- Ownership category
- akta.pro rank
Chainflip industry classification
Industry- Product category
- Decentralized Exchange Protocol
- NAICS
- Securities and Commodity Exchanges (523210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Cross-Chain Trading & Liquidity Routing (multi-chain swaps, bridge-integrated trading) (FSAPADAJ)
- akta.pro secondary industries
- Liquidity Bridges & Cross-Chain Swaps (bridge aggregators, intent-based swaps) (FSAPAKAC), Cross-Chain Bridges & Interoperability Protocols (FSADAMAG), Decentralized Lending Protocols (DeFi Money Markets) (FSADAFAB)
Keywords
Where Chainflip is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Chainflip business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Protocol Swap Fees: Chainflip charges a small protocol fee included in the quoted swap price. Fees are automatically collected through the Chainflip Protocol functionality and deducted from swap transactions.
- FLIP Token Deflationary Mechanism: 0.1% of swap volume is used to buy FLIP from the open market and burn it. While this reduces token supply rather than generating direct revenue, it drives token value through scarcity as protocol usage grows.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Swap Fee |
| Transaction based/ take rate | Pay-as-you-go | FLIP Token Utility |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Chainflip product offering
Product offeringCore offering
Chainflip operates a decentralized cross-chain exchange protocol that enables native swaps between Bitcoin, Solana, Ethereum, Tron, Polkadot, USDC, USDT, and other assets without requiring wrapped tokens or bridges. The protocol is secured by a 150-validator Proof-of-Stake MPC network (the Chainflip State Chain) using Threshold Signature Scheme (TSS) cryptography, and offers a swap interface, a liquidity provision app with Boost yield feature, a native BTC/ETH/SOL lending product, and an SDK suite for developer integration.
Product overview
Chainflip is a cross-chain decentralized exchange protocol enabling native swaps between Bitcoin, Solana, Ethereum, Tron, Polkadot, and other chains without wrapping or bridging tokens. The product suite includes the Swap interface for cross-chain exchanges, Liquidity Provision for earning yields on BTC and other assets, and Lending for borrowing against native assets. The Chainflip SDK suite enables developers to integrate cross-chain capabilities into their products. The protocol operates on a 150-validator Proof-of-Stake MPC network securing a fully transparent cross-chain trading protocol. Chainflip has processed over $1.6B in cumulative swap volume with zero lost funds and is audited by Trail of Bits.
Differentiator
Problem solved
Functional benefit
Products and services
- Swap Chainflip's core cross-chain swap interface enabling native swaps between Bitcoin, Solana, Ethereum, Tron, Polkadot, USDC, USDT, FLIP and other assets without wrapping or bridging. Users swap with no hidden fees and no wallet connection required.
- Liquidity Provision Full-suite liquidity provision app for active market makers, solvers, and liquidity providers. Enables users to earn native Bitcoin yield as well as liquidity fees, including the Boost feature for up to 10% yield on Bitcoin with no impermanent loss.
- Lending Native Bitcoin-backed lending platform allowing users to borrow against their native, unwrapped Bitcoin. Supports lending and borrowing of BTC, ETH, SOL, and stablecoins directly with no wrapped tokens. Overcollateralised loans priced using Chainlink oracles with cross-chain settlement capability.
- Chainflip SDK Developer SDK suite enabling developers to integrate Bitcoin and Solana into their products with advanced crosschain messaging. Allows accessing top assets in one place while fully customising fees, with open API stack for integrating lending flows, monitoring, and liquidation data.
Quantifiable outcome
- $1.6B all-time swap volume processed
- +4 more outcomes
Companies that use Chainflip
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Chainflip technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
Chainflip partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- ChainlinkcoreChainlink provides oracle services for Chainflip's lending and financial products. Price feeds are verified through Chainlink oracles with fallback feeds on Ethereum and Arbitrum for extra reliability in overcollateralized loan pricing.
- Trail of BitscoreSecurity audit firm that conducted a comprehensive security review of Chainflip's backend infrastructure in April 2023, contributing to the protocol's trust and reliability track record.
- Chainflip Labs GmbHcoreSwiss entity that owns the Chainflip brand, trademarks, and intellectual property. Operates under license agreement with Crosschain Association which operates the protocol services.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Chainflip competitors and assessment
Company assessmentDirect peers
- THORChain: THORChain is a decentralized cross-chain liquidity network enabling native swaps between BTC, ETH, and other assets — the closest direct competitor to Chainflip in both product offering (native cross-chain swaps without wrapping) and target user (crypto-native traders seeking best execution).
- Stargate Finance: Stargate is a cross-chain bridge and liquidity protocol for native assets built on LayerZero. It competes with Chainflip for cross-chain liquidity flow and serves similar developer and trader segments, though it relies on a different interoperability stack.
- Symbiosis Finance: Symbiosis is a cross-chain AMM enabling swaps across EVM and non-EVM networks, including BTC. It targets the same cross-chain swap use case as Chainflip and competes directly for retail and integrator volume.
- Across Protocol: Across is an intent-based cross-chain bridge optimized for speed and low-cost transfers across rollups and mainnets. It competes with Chainflip on cross-chain asset movement, particularly for users prioritizing fast execution.
Broad incumbents
- Wormhole: Wormhole is a cross-chain interoperability protocol focused on messaging and asset bridging. It overlaps with Chainflip on cross-chain asset movement but is broader in scope (general-purpose messaging) and primarily serves wrapped-asset bridging use cases.
- LayerZero: LayerZero is the leading omnichain messaging protocol underpinning many cross-chain applications (including Stargate). It is adjacent to Chainflip as the underlying interoperability layer that competitors build on, and a potential substitute for Chainflip's settlement layer.
- Chainlink (CCIP): Chainlink's Cross-Chain Interoperability Protocol (CCIP) provides messaging and token transfer infrastructure across chains. Chainflip already integrates Chainlink oracles for its lending product, and CCIP represents both a complementary partner and a potential competitor for cross-chain settlement.
Emerging players
- Li.Fi: Li.Fi is a cross-chain bridge and DEX aggregator routing swaps across multiple bridges and DEXs. It is comparable to Chainflip from the user-experience layer and competes for the same end-user cross-chain swap demand.
- Squid Router: Squid is a cross-chain swap router built on Axelar that aggregates liquidity across chains for retail and developer use. It overlaps with Chainflip's Swap and SDK offerings, particularly for users moving assets between Cosmos and EVM ecosystems.
- Rango Exchange: Rango is a cross-chain DEX and bridge aggregator supporting BTC, EVM chains, Cosmos, and Solana. It is comparable to Chainflip's retail swap interface and competes for the same multi-chain trader audience.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Chainflip social profiles
Digital presenceChainflip compliance and trust
Trust signalCompliance1 record
Chainflip financial estimates
Financial estimateRevenue estimate
Valuation estimate
Chainflip leadership team
Management profileNumber of profiles
Profiles1 record
Chainflip funding detail
Funding detailFunding overview
Funding rounds3 records
Investors24 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Chainflip M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Chainflip
What does Chainflip do?
Chainflip operates a decentralized cross-chain exchange protocol that enables native swaps between Bitcoin, Solana, Ethereum, Tron, Polkadot, USDC, USDT, and other assets without requiring wrapped tokens or bridges. The protocol is secured by a 150-validator Proof-of-Stake MPC network (the Chainflip State Chain) using Threshold Signature Scheme (TSS) cryptography, and offers a swap interface, a liquidity provision app with Boost yield feature, a native BTC/ETH/SOL lending product, and an SDK suite for developer integration.
Is Chainflip a public or private company?
Chainflip is a private company. It is classified as venture growth investor backed and is currently operating.
When was Chainflip founded?
Chainflip was founded in 2020. It employs 11 to 50 people.
Where is Chainflip based?
Chainflip is headquartered in Berlin, Germany, in the Europe region.
How does Chainflip make money?
Two revenue lines are on record. Protocol Swap Fees are the primary driver. The others are FLIP Token Deflationary Mechanism.
Who are Chainflip's main competitors?
Direct peers on record are THORChain, Stargate Finance, Symbiosis Finance and Across Protocol. Broad incumbents are Wormhole, LayerZero and Chainlink (CCIP). Emerging players are Li.Fi, Squid Router and Rango Exchange.
Does Chainflip have an API?
Yes. Chainflip provides an SDK suite for developers to integrate Bitcoin and Solana into their products with advanced crosschain messaging. The platform also offers an open API stack enabling developers to integrate lending flows, monitoring, and liquidation data directly. The SDK allows developers to access Solana, Bitcoin, Ethereum and other assets in one place while fully customising fees. Developer documentation is at docs.chainflip.io.
What industry is Chainflip in?
Chainflip's product category is Decentralized Exchange Protocol. Its primary akta.pro industry code is FSAPADAJ, Cross-Chain Trading & Liquidity Routing (multi-chain swaps, bridge-integrated trading), with a secondary code of FSAPAKAC, Liquidity Bridges & Cross-Chain Swaps (bridge aggregators, intent-based swaps). Its NAICS code is 523210 and its SIC code is 6200.