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Flare is a layer-1 smart contract platform designed to make blockchains and apps talk to the wider world. The Flare blockchain is EVM-compatible, so developers can use familiar Ethereum tools. What sets it apart are its “enshrined” data protocols: the Flare Time Series Oracle (FTSO) for decentralized price and time‑series data, and the Flare Data Connector (previously known as the State Connector) for verifying events on other blockchains and certain web sources. Together, they let smart contracts safely use data from outside their own chain. The network’s native asset, the FLR token, powers fees, staking, governance, and data delegation. As adoption grows across Flare DeFi, NFTs, gaming, and cross‑chain apps, many watchers follow FLR price drivers such as token distribution milestones, ecosystem growth, and on‑chain activity. (dev.flare.network)
Flare aims to be “the blockchain for data.” It brings decentralized price feeds, cross‑chain proofs, and EVM smart contracts into one base layer. That design targets everyday dapps (payments, trading, lending) and newer use cases that need real‑world inputs (for example, sports scores, web2 APIs, or proofs of activity on chains like Bitcoin). (dev.flare.network)
As of 11/22/2025 14:00 UTC, Flare (FLR) trades at $0.012 with a -1.85% move over the last 24 hours.
The market capitalization stands at $990M, placing it at rank #99 by market value.
Daily trading volume is $8M. Flare (FLR) has moved -13.82% over the past seven days and -28.39% across the last 30 days.
Flare was co‑founded by Hugo Philion (CEO), Sean Rowan (CTO), and Naïri Usher (Chief Scientist). The project began in 2019 with early backing from Ripple’s investment arm Xpring, which helped Flare explore smart‑contract functionality around the XRP ecosystem. In June 2021, Flare raised about $11.3 million in a round led by Kenetic Capital with participation from Digital Currency Group, CoinFund, Borderless Capital, and others. In February 2024, Flare announced a $35 million private round that included Kenetic and Aves Lair. (blockchainnewsgroup.com)
The token distribution event (TDE) took place on January 9, 2023. After community approval of Flare Improvement Proposal FIP.01 on January 27, 2023, distribution moved to a monthly model over 36 months for holders who wrap to WFLR. In January 2024, Google Cloud joined as an infrastructure provider, operating as both a validator and contributor to the FTSO—one of roughly 100 such providers on the network. In 2025, Flare’s FAssets system began rolling out on mainnet with FXRP, a 1:1 ERC‑20 representation of XRP, marking a major step for cross‑chain DeFi on Flare. (flare.network)
Flare is an EVM chain that uses Snowman++ (from the Avalanche family) for fast, energy‑efficient, and Byzantine‑fault‑tolerant consensus. Flare exposes multiple chains under the hood: the C‑Chain (smart contracts), the P‑Chain (staking and validators), and the X‑Chain. Users interact mostly on the C‑Chain, while staking happens on the P‑Chain. (dev.flare.network)
Songbird is a live, value‑bearing “canary” network where upgrades go first. Teams test new versions of FAssets, FTSO updates, and other protocol changes there under real conditions before mainnet. Coston and Coston2 are the public testnets. (flarenetwork.app)
Flare is moving through a phased transition to full proof‑of‑stake. Community members can:
Flare tokenomics were updated by FIP.01. At genesis, 100 billion FLR were defined for the distributed supply, but the initial circulating supply was set to 15 billion. The public airdrop to eligible XRP snapshot holders occurred at the TDE in January 2023 (15% of the public distribution). The remaining 85% of the public distribution is delivered as monthly FlareDrops over 36 months to wallets holding WFLR at snapshot times. Separate vesting schedules apply to team, backers, and ecosystem allocations. (docs.flare.network)
Flare has also scheduled monthly burns of certain backer tokens—about 66.29 million FLR per month from October 2024 through January 2026—which increases the community share. These design choices, together with inflation and FlareDrop schedules, form the core of Flare tokenomics. (dev.flare.network)
Because issuance schedules, burns, and demand from dapps can affect supply and usage, these elements are often cited as drivers when people discuss FLR price over time. (docs.flare.network)
Flare’s DeFi stack continues to grow:
Sparkles, the first NFT marketplace on Flare, moved over from Songbird and has focused on sustainable operations and richer IP tooling. Its launch showcased how the Flare blockchain’s data protocols can expand NFT utility. (flare.network)
Using the Flare Data Connector, dapps can verify events from other chains and bring them on‑chain, and FTSO supplies time‑series data natively. Combined with EVM compatibility, this allows builders to deploy once and serve many chains—useful for payments, RWA, prediction markets, and even gaming that needs trusted off‑chain inputs. (dev.flare.network)
Google Cloud joined as an infrastructure provider in January 2024, operating both a validator and an FTSO data provider. This dual role reflects Flare’s model where validators also help feed high‑quality decentralized data to the chain. (flare.network)
You can buy FLR on major, well‑known exchanges. Examples include:
Search each exchange’s help pages for regional availability. When depositing or withdrawing, select the Flare network where required.
Tip: keep a small amount of unwrapped FLR to cover gas when wrapping, delegating, or staking. Guides from Bifrost and the Flare docs walk through each step. (support.bifrostwallet.com)
Flare itself is an open‑source, permissionless L1. Its “Flare regulatory status” depends on the jurisdiction and the activities of exchanges, custodians, or app operators that interface with it. Institutional custody support has improved: BitGo, a qualified, regulated custodian with NYDFS registration and a MiCA license in the EU, has integrated FLR and SGB, opening doors for compliance‑focused platforms and making it easier for regulated venues to list or hold FLR. (flare.network)
In the EU, MiCA sets disclosure and operational rules for crypto‑asset service providers and token issuers; exchanges serving EU users align their listings and custody under these frameworks. In the U.S., exchange listings such as Coinbase and Kraken indicate platforms have completed their own compliance reviews before supporting deposits and withdrawals. Users should rely on the rules and requirements of the platforms they use in their country. (cryptoglobe.com)
On religious compliance, many Islamic finance commentators view general‑purpose utility tokens that do not involve interest (riba) or prohibited sectors as acceptable, which leads some to consider Flare halal or the FLR token shariah compliant in principle. This view is typically based on FLR’s utility roles (gas, staking, governance, data delegation) and the absence of interest‑bearing mechanisms in the base protocol. However, formal rulings can vary by scholar and school of thought. (docs.flare.network)
Several roadmap threads may shape adoption and developer interest:
As these pieces mature, they may influence developer momentum, network usage, and long‑term interest in the ecosystem. These fundamentals—along with distribution/burn schedules and dapp demand—are commonly discussed as forces that can influence FLR price over time. (docs.flare.network)
Flare combines an EVM layer‑1 with two built‑in data systems so smart contracts can use decentralized price feeds and verified cross‑chain events. The FLR token fuels the network, secures validators by staking, supports FTSO via WFLR delegation, and anchors governance. With FAssets bringing non‑smart‑contract coins into DeFi, NFTs live via Sparkles, and integrations that make cross‑chain swaps and on‑chain data simpler, the Flare blockchain is positioning itself as a hub for data‑rich apps. Add in a clear Flare tokenomics model, major exchange support for where to buy FLR, and growing institutional rails, and you get a platform aiming to connect web3 with the wider digital world. For builders and users looking at Flare DeFi, NFTs, gaming, and beyond, the network’s focus on decentralized data access is its defining edge. (docs.flare.network)
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