Flare Network
FLRAn EVM-compatible Layer 1 blockchain for decentralized data access
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.38% | 1.94% | 7.91% | 1.46% | 11.55% | 21.37% |
Comparison
Tokenomics
Token Distribution
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | FLR/USD | $0.01145 | $182,239 | $190,229 | $626,996 | 30.55% | |
| 2 | BBybitCEX | FLR/USDT | $0.01142 | $111,809 | $108,552 | $443,804 | 21.62% |
| 3 | OOKXCEX | FLR/USDT | $0.01141 | $112,766 | $139,653 | $360,078 | 17.54% |
| 4 | KKrakenCEX | FLR/USD | $0.01141 | $118,101 | $138,330 | $292,996 | 14.27% |
| 5 | KKuCoinCEX | FLR/USDT | $0.01142 | $80,570 | $97,056 | $194,641 | 9.48% |
| 6 | BBithumbCEX | FLR/KRW | $0.01153 | $672 | $4,357 | $109,795 | 5.35% |
| 7 | BBingXCEX | FLR/USDT | $0.01145 | $6,616 | $40,906 | $98,129 | 4.78% |
| 8 | PPhemexCEX | FLR/USDT | $0.0115 | $3,038 | $4,056 | $83,316 | 4.06% |
| 9 | BBitstampCEX | FLR/USD | $0.01157 | $3,125 | $3,124 | $68,301 | 3.33% |
| 10 | FLR/USD | $0.01144 | $18,791 | $23,569 | $37,143 | 1.81% |
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About Flare Network
Flare Network launched FXRP, its XRP-pegged wrapped token, enabling XRP to participate in DeFi while remaining on the XRP Ledger. This marked a foundational step toward XRPFi. Later, Flare integrated Morpho for modular lending on FXRP, expanding its utility. The network also proposed protocol-level MEV capture and a reduction in FLR inflation from 5% to 3%, aiming to redirect value to token holders. Additionally, Flare burned 66 million FLR (~$1.4M) and saw strong cross-chain bridge inflows, ranking among top three networks. These milestones reflect Flare's long-term strategy to build a data-driven, XRP-centric DeFi ecosystem.
Positive:
FIP.16 passed in April and activated in July, cutting annual inflation from 5% to 3% and lowering the issuance cap to 3 billion, reducing supply.
FIRE was introduced to buy back and burn FLR with network revenue; base transaction fees rose 20x, with fee burns over 10x pre-upgrade levels.
Staked FLR grew from ~11 billion to 21.5 billion, with higher staking weight, strengthening holder benefits.
Negative:
FIRE's actual revenue is tiny (~$31k), far below annual issuance, limiting supply reduction.
Some FIP.16 components are not fully live; FIRE treasury is not deployed on-chain, lagging implementation.
Higher fees may raise user costs, and on-chain revenue remains low, indicating limited network activity.
Hugo Philion: Co-founder & CEO of Flare Network. Previously a derivatives trader at several large funds. Studied Machine Learning at UCL, where he met co-founders Sean Rowan and Nairi Usher.
Nairi Usher: Co-founder & Chief Scientist at Flare Network. PhD in Quantum Computing from UCL. Previously a postdoctoral researcher in Quantum Machine Learning, collaborating with Siemens on healthcare and image recognition applications.