PANews reported on December 18 that the decentralized cross-chain protocol Chainflip announced that its cumulative transaction volume has exceeded $1 billion, with a cumulative handling fee of $550,000 and the destruction of 457,000 FLIP tokens. Officials said that as more integrators come online, transaction volume is expected to grow further, thereby accelerating the token destruction effect and forming a "snowball" effect.
Chainflip's cumulative transaction volume exceeded US$1 billion, and 457,000 FLIPs were destroyed
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