Flare Network Price

Flare Network is a Layer 1 blockchain cryptocurrency designed to enable developers to build applications that can utilize data from other chains and the internet. Key features of FLR include: - EVM-compatible blockchain supporting smart contracts - State connector protocol for secure cross-chain data access - Time Series Oracle providing decentralized price and data feeds - Supports new use cases and monetization models through high-integrity data access Launched on January 10, 2023, FLR aims to bridge data across blockchains and the internet. As of 2025-07-23, FLR has a market cap of $1.59B and is ranked #76 by market capitalization. The current price is $0.02291, with a 24-hour trading volume of $29.24M. FLR has a circulating supply of 69.76B FLR tokens and a total supply of 103.69B FLR. Its all-time high was $0.08 on January 10, 2023, while the all-time low was $0.00818 on October 19, 2023.

Flare Network was created on January 10, 2023. The network officially launched on this date, marking the beginning of FLR as a tradable cryptocurrency. Since its creation, Flare Network has aimed to enable developers to build applications that can utilize data from other blockchains and the internet, supporting new use cases and monetization models through decentralized access to high-integrity data.

The founders of Flare Network (FLR) are Hugo Philion, Sean Rowan, and Nairi Tjoe-Awie. They established the Flare Network in 2019 with the goal of creating a blockchain that could securely utilize data from other chains and the internet. Hugo Philion serves as the CEO, Sean Rowan as the CTO, and Nairi Tjoe-Awie as the COO of Flare Networks. The team's vision was to develop a scalable, EVM-compatible Layer 1 blockchain that enables developers to build applications leveraging data from multiple sources. Flare Network officially launched on January 10, 2023, after several years of development. Since its launch, the project has gained significant traction in the blockchain space, currently ranking 76 among cryptocurrencies with a market cap of $1.59B.

Flare Network works as a Layer 1 blockchain designed to enable developers to build applications that can utilize data from other chains and the internet. Key features include: 1. EVM compatibility: Allows developers to easily port Ethereum-based applications. 2. State Connector Protocol: Enables secure and trustless access to information from other blockchains and the internet through smart contracts on Flare Network. 3. Flare Time Series Oracle: Provides decentralized price and data feeds for dapps on Flare Network without relying on centralized providers. 4. Cross-chain interoperability: Facilitates communication and data transfer between different blockchain networks. 5. Scalability: Designed to handle high transaction volumes efficiently. Flare Network aims to support new use cases and monetization models by providing decentralized access to high-integrity data from multiple sources. This allows developers to build more complex and data-rich applications that can serve multiple ecosystems. The native token FLR is used for transaction fees, governance, and as collateral in certain network operations. As of 2025-07-23, FLR is trading at $0.02291 with a market cap of $1.59B and a 24-hour trading volume of $29.24M.

Flare Network utilizes a unique technical architecture designed for scalability and interoperability: 1. EVM-compatible Layer 1 blockchain: Enables smart contract functionality and compatibility with Ethereum tools. 2. State Connector Protocol: Allows secure and trustless access to data from other blockchains and the internet. 3. Flare Time Series Oracle: Provides decentralized price and data feeds for dapps without relying on centralized providers. 4. Avalanche consensus mechanism: Offers fast finality and high throughput. 5. Native token FLR: Used for gas fees, governance, and securing the network. 6. Cross-chain interoperability: Supports seamless communication with multiple blockchain ecosystems. 7. Scalable infrastructure: Designed to handle high transaction volumes and complex dapps. This architecture enables Flare Network to serve as a platform for building applications that leverage data from various sources, supporting new use cases and monetization models in the Web3 space.

The future of Flare Network (FLR) looks promising. The project aims to expand its ecosystem and enhance interoperability across blockchains. Key roadmap items include: 1. Scaling improvements to increase transaction throughput 2. Integration with more blockchain networks via State Connector protocol 3. Expansion of decentralized oracle services 4. Launch of new DeFi and NFT platforms leveraging Flare's unique data capabilities 5. Partnerships with major enterprises to drive real-world adoption By 2026, Flare Network is projected to reach $0.02708. Long-term price predictions estimate $0.03184 by 2027 and $0.03573 by 2030. The team continues to focus on building a robust infrastructure for decentralized data-driven applications. With its innovative approach to cross-chain interoperability and data oracles, Flare Network is well-positioned to become a key player in the evolving Web3 landscape.