Overview
Flare is a Layer 1 blockchain founded by Hugo Philion and Sean Rowan, launched in January 2023. Its FLR token was first airdropped to XRP holders based on a 2020 snapshot, giving Flare a close link to the XRP community.
Flare calls itself the “blockchain for data”: it has oracles built into the network itself.
How it works
- FTSO (Flare Time Series Oracle): about a hundred data providers submit prices, and the network combines them into fast, decentralized price feeds.
- Flare Data Connector: lets apps verify events on other blockchains and the internet.
- FAssets: a system to bring non-smart-contract assets such as XRP onto Flare. FXRP went live in September 2025; by 2026, over 100 million FXRP were in circulation, with most used in DeFi, and FXRP expanded to Ethereum and Base.
In 2026, FXRP became usable as collateral to borrow Ripple’s RLUSD stablecoin on Ethereum, through a Morpho market.
The FLR token
| FLR at a glance | |
|---|---|
| Total supply | about 107 billion FLR (growing) |
| In circulation (Oct 2026) | about 87.6 billion |
| Price (29 Oct 2026) | about $0.0061 |
| All-time high | about $0.15 (January 2023) |
| Market cap | about $540 million (#104) |
FLR is used for gas, staking, delegation to data providers, and as collateral in FAssets. New FLR is issued as rewards.
Risks
- Supply. Large amounts of FLR exist and new tokens keep being issued.
- XRP dependence. Much of Flare’s growth relies on XRP holders using FXRP.
- Bridge risk. FAssets hold XRP through agents and collateral; failures could cause losses.
- Modest DeFi. About $180 million deposited (DeFiLlama).
Flare vs. the competition
| Flare | Chainlink | XRP Ledger | |
|---|---|---|---|
| Role | Layer 1 with built-in oracles | Oracle network | Payments ledger |
| XRP in DeFi | FXRP | — | Native AMM, limited DeFi |
| Token | FLR | LINK | XRP |
Our verdict
Flare has found a clear niche as the gateway for XRP into DeFi, backed by solid oracle technology. But the ecosystem is still small, supply is large, and FLR has lost most of its value. FLR is a high-risk investment: invest only what you can afford to lose.
This review is for information only and is not financial advice.