FLR
Flare Network
FLR

Flare Network price

in USD
$0.023000
-$0.00016 (-0.70%)
USD
We can’t find that one.
Check your spelling or try another.
Market cap
$1.64B #44
Circulating supply
71.53B / 103.74B
All-time high
$0.090000
24h volume
$11.76M
2.7 / 5
FLRFLR
USDUSD

About Flare Network

FLR, or Flare, is a cryptocurrency designed to bring smart contract capabilities to blockchains that don’t natively support them, like Bitcoin and XRP. Built on its own innovative network, the Flare blockchain uses a unique consensus mechanism to ensure security and scalability. FLR serves as the native token of this ecosystem, powering transactions, governance, and decentralized applications (dApps). One of its standout features is enabling interoperability, which means it helps different blockchains communicate and work together. This makes FLR a key player in expanding the possibilities of blockchain technology. Whether you're interested in decentralized finance (DeFi), tokenized assets, or simply exploring the future of blockchain, FLR offers a versatile and forward-thinking platform to build on.
AI-generated
Official website
White Paper
Github
Block explorer
CertiK
Last audit: --

Flare Network’s price performance

28% better than the stock market
Past year
+38.47%
$0.02
3 months
+13.74%
$0.02
30 days
+43.92%
$0.02
7 days
-4.25%
$0.02

Flare Network on socials

Flare ☀️
Flare ☀️
Earlier today, SparkDEX’s Eternal Perpetuals product was targeted by an attempted exploit. No user funds were affected. Thanks to real-time detection by @HypernativeLabs and @SparkDexAI’s internal monitoring triggered an immediate pause. The attacker managed to exploit a small amount and the protocol was immediately paused to prevent further losses. This incident affected only the perpetuals module, and the smart contracts and systems of the Eternal codebase are totally separate and unlinked to the core DEX, its markets, liquidity pools, and the SPRK token. Flare Network infrastructure and FLR token were also unaffected. 🛡️Strengthening ecosystem security coordination This incident validates the importance of Flare’s security stack. As part of our response, we are: • Establishing direct channels with all major DeFi protocols on Flare • Ensuring up-to-date emergency contacts are in place Formalizing escalation paths with Hypernative and other security partners • Improving real-time visibility to reduce reliance on third-party or public alerts ☀️Our commitment moving forward Flare’s integrations with live threat detection tools are a core layer of protection for our ecosystem. But we are doubling down, improving coordination, response times, and shared standards across protocols. Security is foundational to building trust, and we remain fully committed to protecting the capital, users, and infrastructure building on @FlareNetworks.
SparkDEX
SparkDEX
⚠️ PSA: SparkDEX Security Update Today, there was an attempted exploit on SparkDEX Perpetuals. Our risk management systems activated immediately. All user funds are 100% safe, and the exploiter’s funds were seized.
7.44K
125
Cryptoinsightuk
Cryptoinsightuk
Sold my last little bit of $ENA here. I still think $ENA does well, but after accumulating heavily around $0.25 and a 150% move in 5 weeks, I've decided to add to my $FLR position and use some of the capital to continue to interact with the @FlareNetworks ecosystem. I have done well so far with $SPRK @SparkDexAI and I look forward to what other ecosystem plays such as @Firelightfi have in store.
Gallery 1
13.41K
35
Flare ☀️
Flare ☀️
Next stop: @ETHGlobal NYC 🇺🇸 📅August 15–17 Flare is proud to sponsor a weekend of builders, ideas, and smart contract innovation in the city that never sleeps. Flare doesn’t just talk infra. Let's build.
Gallery 1
21.41K
352
View more posts

Guides

Find out how to buy Flare Network
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Dive in
Predict Flare Network’s prices
How much will Flare Network be worth over the next few years? Check out the community's thoughts and make your predictions.
Forecast
View Flare Network’s price history
Track your Flare Network’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Check it out
Own Flare Network in 3 steps

Create a free OKX account

Fund your account

Choose your crypto

Trade a wide selection of crypto on OKX

Flare Network FAQ

Currently, one Flare Network is worth $0.023000. For answers and insight into Flare Network's price action, you're in the right place. Explore the latest Flare Network charts and trade responsibly with OKX.
Cryptocurrencies, such as Flare Network, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Flare Network have been created as well.
Check out our Flare Network price prediction page to forecast future prices and determine your price targets.

Dive deeper into Flare Network

Flare Network (FLR) has garnered attention as a promising platform set to transform smart contracts and interoperability. Utilizing the Ethereum Virtual Machine (EVM), Flare Network incorporates a distinctive federated Byzantine agreement (FBA) consensus mechanism, facilitating the seamless integration of numerous blockchain networks.

What is Flare Network?

Flare Network is a decentralized network that aims to extend smart contract capabilities to blockchains that lack native support, including Bitcoin (BTC) and XRP (XRP). By incorporating the Ethereum Virtual Machine, Flare Network allows the execution of smart contracts and offers developers a familiar environment for building decentralized applications (DApps). This is achieved through a unique consensus mechanism called the Federated Byzantine Agreement, which combines the advantages of Proof of Stake (PoS) and Proof of Work (PoW) mechanisms.

The Flare Network team

The Flare Network team comprises experienced professionals and blockchain enthusiasts who share a vision of unlocking the potential of smart contracts and interoperability. Led by Hugo Philion as the chief executive officer, Sean Rowan as the co-founder & chief product officer, and Amaan Jalwa as the chief financial officer, the team includes experts in distributed systems, cryptography, and blockchain technology. Their combined expertise and dedication are instrumental in driving the development and progress of the Flare Network ecosystem.

How does Flare Network work?

Flare Network operates using the FBA consensus mechanism, which ensures secure and efficient transaction processing. This mechanism involves a subset of trusted nodes called validators, who propose and validate transactions. By employing FBA, Flare Network achieves fast transaction finality and improved scalability compared to traditional blockchain networks. Additionally, the network utilizes the Avalanche consensus protocol, enhancing security and enabling rapid confirmation of transactions.

FLR: Flare Network's native token

FLR is the native cryptocurrency of the Flare Network ecosystem, playing a crucial role in facilitating network operations and incentivizing participants. Holders of FLR can actively engage in the network's governance by voting on protocol upgrades and parameter changes. Additionally, FLR serves as collateral for creating trustless representations of Non-Turing complete tokens like Bitcoin and XRP, achieved through the Flare Time Series Oracle (FTSO) mechanism.

FLR tokenomics

FLR has a fixed supply of 100 billion tokens. The tokens are distributed through various mechanisms, including airdrops and utility-based allocations. Some tokens are allocated to the Flare Foundation to support network development. At the same time, a substantial portion is distributed to XRP holders based on their account balances during a specified snapshot period. The remaining tokens are allocated to network validators, developers, and ecosystem incentives.

FLR token use cases

FLR tokens can be staked to secure the network and earn staking rewards. FLR holders can participate in the decentralized exchange (DEX) built on the Flare Network, providing liquidity and earning trading fees. These tokens can be utilized for various decentralized finance (DeFi) applications, lending, and borrowing protocols, and other financial services within the ecosystem.

FLR token distribution

The distribution of FLR tokens is thoughtfully structured to foster broad participation and cultivate a diverse and dynamic ecosystem. The allocation of FLR tokens through airdrops and to XRP holders aims to promote widespread ownership and adoption of the Flare Network. Concurrently, setting aside tokens for validators, developers, and ecosystem incentives incentivizes active engagement and accelerates the advancement of the Flare Network's development.

The distribution is divided as follows:

  • Community allocation: 58.3 percent
  • Product development and investment: 22.5 percent
  • Flare team, advisors, and early backers: 19.2 percent

The future of smart contracts and interoperability

Flare Network stands at the forefront of innovation in the blockchain industry, offering a solution for smart contract functionality and interoperability across multiple blockchain networks. With its native token FLR serving as the backbone of the ecosystem, Flare Network is poised to drive the future of DeFi and revolutionize how we interact with blockchain technology. Flare Network continues to develop its infrastructure through quality partnerships. One of the most notable is their collaboration with Ankr, who has helped Flare Network simplify node operations and streamline the DApp development process.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$1.64B #44
Circulating supply
71.53B / 103.74B
All-time high
$0.090000
24h volume
$11.76M
2.7 / 5
FLRFLR
USDUSD
Kick-start your crypto journey with OKX