Flare

FLR Price

What is Flare (FLR)?

Flare is a data-focused Layer 1 blockchain based on the Ethereum Virtual Machine (EVM). It allows developers to build interoperable applications with blockchains and the Internet. The project aims to provide decentralized access to high-integrity data for applications where data is important, such as DeFi, social networks, and real-world assets (RWA). 

What Makes Flare Unique?

Flare builds a decentralized data infrastructure natively into the blockchain, powered by many independent data providers. It allows developers to query, acquire, and process large amounts of data efficiently, securely, and without single, centralized sources. 

How Does Flare Work?

Flare’s native data acquisition protocols include the State Connector and the Flare Time Series Oracle (FTSO), and the data will be delivered to smart contracts and dApps on Flare.

• State Connector delivers static data from other blockchains and the Internet
• FTSO delivers dynamic data such as price feeds

At the time of writing, Flare is also developing the FAssets system, allowing tokens on blockchains that do not support contracts to be used with smart contracts on the Flare blockchain, and LayerCake, which is a bridging system between smart contract networks.

What is The Flare (FLR) Token Used For?

FLR is the native token used for payments, transaction fees to prevent spam attacks and staking in validator nodes. FLR can also be wrapped into an ERC-20 variant, WFLR. WFLR tokens serve various functions; they can be delegated to FTSO data providers, or staked to participate in governance. These two uses are not mutually exclusive and do not prevent the tokens from being used in other EVM-compatible dApps and smart contracts on Flare.

Where can you buy Flare?

FLR tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Flare is Gate, where the most active trading pair FLR/USDT has a trading volume of $345,058.42 in the last 24 hours. Other popular options include Bybit and Coinbase Exchange.

What is the daily trading volume of Flare (FLR)?

The trading volume of Flare (FLR) is $3,955,444.12 in the last 24 hours, representing a -12.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Flare (FLR)?

Flare (FLR) reached an all-time high of $0.1501 and an all-time low of $0.005860. It’s now trading -95.10% below that peak and 25.80% above its lowest price.

What is the market cap of Flare (FLR)?

Market capitalization of Flare (FLR) is $640,184,596 and is ranked #99 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of FLR tokens (87 Billion tokens are tradable on the market today).

What is the fully diluted valuation of Flare (FLR)?

The fully diluted valuation (FDV) of Flare (FLR) is $785,174,235. This is a statistical representation of the maximum market cap, assuming total number of 110 Billion ETH tokens are in circulation today.

How does the price performance of Flare compare against its peers?

With a price increase of 11.10% in the last 7 days, Flare (FLR) is outperforming the global cryptocurrency market which is up 4.00%, while outperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 4.30%.