ChainflipFLIP

Chainflip generated $23.9M in gross revenue from Jan 2024 to Oct 2026 (1004 days), with $5.4M retained as net revenue. $5.4M accrued to FLIP token holders. Its primary token utilities include Network Security, Staking Rewards, Gas Token, and Standard 1:1.

This averages $$23.8K in daily gross revenue across the tracked period.

FLIP accrues value through 2 mechanisms: Buyback & Burn and Direct Token Burn.

• Buyback & Burn: 0.1% of all swap volume is collected in USDC and automatically used to purchase FLIP from the open market via the built-in USDC-FLIP pool, then permanently burned. 50% of boost fees follow the same mechanism. 7.3 million FLIP burned as of February 2026.
• Direct Token Burn: State Chain gas fees paid in FLIP by all protocol participants (validators, LPs, brokers, users) are automatically burned upon payment, providing consistent deflationary pressure though not expected to account for significant volumes.

Yes, Chainflip burns or redistributes FLIP tokens via Buyback & Burn, Direct Token Burn. In 2026, approximately $2.2M worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

• 2026: $2.2M
• 2025: $2.6M
• 2024: $612.9K

FLIP serves 4 primary functions within the Chainflip ecosystem: Network Security, Staking Rewards, Gas Token, and Standard 1:1. The protocol generates fees from user activity, with a portion distributed back to FLIP holders. Value flows back to token holders through Buyback & Burn and Direct Token Burn.

Token utilities:

• Network Security: Up to 150 validators stake FLIP as collateral through a Sealed-Sealed Output Auction system to form the Authority Set, securing consensus, vaults, and all protocol operations via threshold signature schemes.
• Staking Rewards: Authority Validators earn equal-share rewards from a 4.5% annual emission budget; Backup Validators earn pro-rata from 0.5% annual emissions. Delegators earn up to 14.39% APY and operators up to 48% APY.
• Gas Token: FLIP is the native gas token for the Chainflip State Chain; all extrinsic submissions (validator heartbeats, LP position management, broker channel openings, account funding) incur gas fees denominated in FLIP that are automatically burned.
• Standard 1:1: Any FLIP holder with a State Chain balance can vote on governance proposals (including staked tokens), with token balances counted at the end of a 7-day voting period requiring a 2/3 supermajority to pass.

Value accrual mechanisms:

• Buyback & Burn: 0.1% of all swap volume is collected in USDC and automatically used to purchase FLIP from the open market via the built-in USDC-FLIP pool, then permanently burned. 50% of boost fees follow the same mechanism. 7.3 million FLIP burned as of February 2026.
• Direct Token Burn: State Chain gas fees paid in FLIP by all protocol participants (validators, LPs, brokers, users) are automatically burned upon payment, providing consistent deflationary pressure though not expected to account for significant volumes.

In 2026, Chainflip generated $10.0M in gross revenue. Of that, $2.2M was distributed to token holders, $7.8M went to supply-side participants (e.g. liquidity providers).

Year-by-year revenue breakdown:

• 2026: $10.0M gross revenue — $2.2M to holders, $7.8M to supply-side
• 2025: $11.7M gross revenue — $2.6M to holders, $9.1M to supply-side
• 2024: $2.2M gross revenue — $612.9K to holders, $1.5M to supply-side

Chainflip's gross revenue has increased by 40.3% over the past 90 days compared to the prior 90-day period, from $2.9M to $4.0M.

• Recent 90d daily average: $45.4K/day
• Prior 90d daily average: $32.0K/day