Protocol revenue
Monthly collections and trailing 12 months
MonthlyLTM
PROTOCOL ANALYTICS / FLIP
Chainflip Dashboard
September 2026Monthly close · Updated manually
Revenue yield
LTM revenue / market cap on a 100D EMA basis
FLIP supply
Month-end total token supply
Protocol adoption
Trailing 12 months of completed user swap requests
AUTHORITY SET
Operator distribution
142 authority slots · September snapshot
MONTH-END SERIES
Historical data
| Month | Revenue USD m | LTM revenue USD m | LTM swaps² requests | Supply FLIP m | 12M change FLIP m | 12M change % | 100D EMA USD | Market cap¹ USD m | Yield¹ % |
|---|
¹ Market cap uses total supply × 100-day EMA price. Revenue yield uses this market cap.
² — means fewer than 12 months of completed-request history are available.
DEFINITIONS & SOURCES
How to read the dashboard
Revenue & adoption
Revenue measures collected protocol network fees from swaps, Boost and lending. LP, broker, gas, egress and State Chain transaction fees are excluded. Revenue and adoption data are collected directly from Chainflip through BCV Finance validators.
Adoption counts successfully completed user swap requests over the last 12 months. Each request counts once, including dollar-cost averaging (DCA) requests, regardless of internal execution steps. Failed, refunded, expired and incomplete requests are excluded. Requests are not unique users.
Supply & valuation
LTM means the last 12 months. Revenue yield = LTM revenue ÷ (total FLIP supply × 100-day EMA FLIP price). EMA is an exponential moving average; it smooths short-term price changes. Revenue yield is a valuation ratio, not staking APY.
Supply is measured at month end. The 12-month net supply change compares it with the same month one year earlier. Figures are rounded for display.
Operator concentration
Shares measure authority slots, not stake. Operators are grouped by onchain associations where available and otherwise classified manually. “Others” combines smaller operators.
Supermajority concentration is the smallest number of operators whose combined slots reach two-thirds of the authority set. Operators are ranked by slot count; the required slot count is rounded up to a whole number.
All figures are September 2026 snapshots, updated manually.