FLR
$0.009758760339724044

Flare (FLR) Price

$0.009758760339724044
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Flare (FLR) Price Today

The live price of Flare is 0.009758760339724044 USD. In the past 24 hours, the trading volume of Flare was 9,082,347.80 USD, down by -2.35%. The current price has decreased by -10.05% from its 7-day high of 0.15 USD, and increased by 0.00827405% from its 7-day low of 0.00908478 USD. With a circulating supply of 104,837,523,564.80 Flare, the market cap of Flare is currently 1,641,642,755.00 USD, down by 0% in the last 24 hours. Flare currently ranks #99 by market capitalization among cryptocurrencies.

Flare (FLR) Market Data

Market Cap
$831.1M
24h Volume
$9M
Circulating Supply
84.5B FLR
Maximum Supply
--
Fully Diluted Market Cap
$1B
Liquidity Indicator
1.09%
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About Flare (FLR)

How can I buy Flare (FLR)?

Buying Flare (FLR) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Flare (FLR) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy FLR Guide for more information.

What Is Flare Network (FLR) and How Does It Work?



Flare Network is a Layer-1 blockchain designed to bring reliable, decentralized data to smart contracts and enable interoperability with blockchains that do not natively support smart contracts, such as XRP Ledger and Bitcoin. Built with full Ethereum Virtual Machine (EVM) compatibility, Flare allows developers to deploy Ethereum-style dApps while accessing external data and assets in a trust-minimized way. The network’s native token, FLR, underpins security, governance, and on-chain utility.

Flare works through two core protocols: the Flare Time Series Oracle (FTSO) and the State Connector. FTSO provides decentralized, real-time price and data feeds directly on-chain without relying on centralized oracles, enabling accurate DeFi applications such as lending, trading, and derivatives. The State Connector securely verifies events and data from other blockchains, allowing Flare smart contracts to react to activity occurring outside the Flare network.

Together, these systems power Flare’s interoperability layer, including its FAssets framework, which brings non-smart-contract assets into DeFi environments. FLR tokens are used for transaction fees, securing the network, participating in governance, and incentivizing data providers. This architecture positions Flare as a data-focused blockchain built for cross-chain DeFi, oracle-driven applications, and scalable Web3 infrastructure.

What Is Flare's XRP DeFi Ecosystem?


Flare’s XRP DeFi ecosystem extends the utility of XRP beyond simple payments by enabling it to participate in smart contract–based DeFi applications. Using Flare’s interoperability infrastructure, XRP can be represented on Flare Network in a trust-minimized way and used across lending, borrowing, DEX trading, yield strategies, and liquidity protocols. This allows XRP holders to access DeFi use cases without requiring changes to the XRP Ledger itself, which does not natively support smart contracts.

The ecosystem is powered by Flare’s core technologies, including decentralized data feeds and cross-chain verification, which ensure accurate pricing and secure interaction with external chains. As adoption grows, XRP-based DeFi on Flare, often referred to as “XRPFi,” aims to unlock idle XRP liquidity, attract developers building data-driven applications, and expand real-world utility for one of the largest crypto assets by market capitalization.

When Did Flare Network Launch?


Flare Network was founded in 2019 by Hugo Philion (CEO), Sean Rowan (CTO), and Dr. Naïri Usher (Chief Scientist) with a vision to build an EVM-compatible Layer-1 blockchain that brings decentralized smart contracts and reliable external data to blockchains like XRP Ledger and others that lack native smart contract support.

The network’s mainnet genesis launched on July 14, 2022, initially in an observation mode to ensure stability and validator decentralization before full operational capacity. Subsequently, one of the largest token distribution events in crypto history took place on January 9, 2023, when FLR tokens were distributed widely to eligible users, marking the public rollout of the ecosystem.

Flare Network Roadmap Highlights


• 2019 – Project founded by Hugo Philion, Sean Rowan, and Dr. Naïri Usher.

• September 2021 – Songbird, Flare’s canary network, launched for testing core components.

• July 14, 2022 – Flare mainnet genesis went live.

• January 9, 2023 – FLR public token distribution event.

• 2025 – FAssets and FXRP protocols expanded XRP DeFi utility on Flare’s mainnet.

• 2026 and beyond – Planned growth of FAssets ecosystem and cross-chain interoperability upgrades.

What Is the FLR Token Used for?


The FLR token is the native utility token of Flare Network and plays a central role in securing and operating the network. FLR is used to pay transaction fees, participate in on-chain governance, and support Flare’s decentralized data infrastructure by incentivizing data providers through the Flare Time Series Oracle (FTSO). It is also used in staking and delegation mechanisms that help maintain network integrity and enable trust-minimized interoperability and DeFi applications, including XRP-based use cases on Flare.

You can trade FLR tokens on the BingX spot market by creating and funding your BingX account, then buying or selling FLR using market or limit orders with real-time pricing. BingX’s spot trading interface allows you to easily enter, exit, or hold FLR positions while benefiting from deep liquidity, advanced order tools, and secure asset custody.

What Is Flare Network Tokenomics?


FLR has a fixed maximum supply of 100 billion tokens, with distribution structured to support decentralization, data provisioning, and ongoing protocol development rather than short-term speculation.

FLR Token Allocation


- Community & Ecosystem Incentives (58%): Allocated to public distribution, ongoing community rewards, Flare Time Series Oracle (FTSO) incentives, staking and delegation rewards, and ecosystem growth programs designed to drive real network usage.

- Flare Foundation & Ecosystem Support (19%): Reserved for funding protocol development, grants, partnerships, research, and long-term maintenance of the Flare Network infrastructure.

- Core Team & Early Contributors (20%): Distributed to founders, developers, and early contributors, subject to multi-year vesting schedules to align incentives with the network’s long-term success.

- Advisors & Early Backers (2–3%): Allocated to strategic advisors and early supporters who contributed to Flare’s early research, development, and launch phases.

How Does Flare Network Differ From Other Layer-1 Blockchains?


Flare Network differs from most Layer-1 blockchains by focusing on native, decentralized data and interoperability rather than treating oracles and cross-chain bridges as external add-ons. Instead of relying on third-party oracle networks, Flare integrates the Flare Time Series Oracle (FTSO) directly into the base layer, providing smart contracts with trust-minimized, real-time price and data feeds. This architecture reduces oracle risk, lowers costs for developers, and enables more reliable DeFi, gaming, and data-driven applications.

Flare also stands out for its ability to bring non-smart-contract assets, such as XRP and other Layer-1 tokens, into decentralized finance through its cross-chain verification framework. While many L1s prioritize throughput or generalized smart contracts, Flare is optimized for secure interoperability, enabling assets and data from external blockchains to be used in EVM-compatible applications without modifying their native chains. This makes Flare particularly well suited for cross-chain DeFi, oracle-heavy use cases, and enterprise-grade Web3 infrastructure.

Which Wallets Support FLR Tokens?


You can store FLR tokens directly on the BingX wallet once you buy or deposit them, which is convenient for trading and short-term holding right within your BingX account. For self-custody and full control, many software wallets support Flare Network because it is EVM-compatible. Popular options include MetaMask, Rabby, Bifrost Wallet, OneKey App, SafePal, TokenPocket, and Atomic Wallet, all of which let you store, send, receive, and interact with FLR and other assets on Flare.

For enhanced security and long-term storage, hardware wallets like Ledger (Nano X, Nano S Plus) and Trezor (Model T and Safe series) also support FLR when paired with compatible wallet software such as MetaMask or Rabby. These devices keep your private keys offline to reduce the risk of hacks or theft.

Is Flare Network (FLR) a Good Investment?


Flare Network can be considered a compelling investment due to its unique positioning as a data-native, interoperability-focused Layer-1 blockchain. Unlike many networks that rely on external oracles and bridges, Flare embeds decentralized data feeds and cross-chain verification directly into its base layer, enabling more secure and scalable DeFi applications.

The growth of its XRP DeFi (XRPFi) ecosystem, expanding real-world asset and cross-chain use cases, and utility-driven demand for the FLR token, used for fees, governance, and data incentives, support long-term network adoption. Combined with a large community distribution, gradual token emissions, and increasing developer activity, Flare offers exposure to a differentiated Layer-1 infrastructure focused on real utility rather than speculative hype.

Info Source

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