Flare 

FLR Price

What is the Flare (FLR) cryptocurrency?

FLR is the native coin of Flare, an EVM-compatible Layer 1 blockchain built to make data from other chains and the internet usable in smart contracts. Mainnet genesis was July 14, 2022. Flare runs three enshrined protocols: the Flare Time Series Oracle, the State Connector, and FAssets. The project originated from a proposal to bring smart contracts to XRP, with Songbird operating as its canary network. Google Cloud joined as an infrastructure provider in January 2024.

How does the Flare network work?

The Flare network relies on three enshrined protocols. The Flare Time Series Oracle (FTSO) delivers decentralized price and data feeds from independent providers. The State Connector proves events from other blockchains and from the web to Flare smart contracts. FAssets mints overcollateralized representations of XRP, BTC, and DOGE, letting non-smart-contract assets participate in Flare DeFi.

What is the FLR token used for?

FLR serves four functions in the Flare network. The coin pays transaction fees, secures the chain through proof-of-stake staking, delegates to FTSO data providers, and wraps into WFLR. FLR holders also vote on Flare Improvement Proposals, the network's governance process. Flare burns all transaction fees, permanently removing the burned FLR from circulating supply.

How many FLR tokens exist?

Genesis created 100 billion FLR in July 2022, and FIP.01 set the initial liquid supply at 15 billion. Per DropsTab data, FLR total supply stands at approximately 106.59 billion as of September 2026. No maximum supply cap exists — emissions are governed by governance proposals. FIP.16, approved April 24, 2026, caps annual emission at 3 billion FLR (~3%), down from 10% in year one.

What does Flare's token distribution mean for unlock risk?

Flare's distribution left no scheduled unlocks outstanding. The January 2023 Token Distribution Event gave qualified XRP holders 15% of the public distribution, with the remaining 85% paid through 36 monthly FlareDrops totaling 24.2 billion FLR. The final FlareDrop concluded January 30, 2026. Early-backer distribution ran through Q1 2026 under a 0.5%-of-daily-volume selling cap. Insider unlock risk has largely expired; residual supply pressure comes from ongoing emissions.

How do I stake FLR?

FLR uses a proof-of-stake mechanism. Holders stake FLR with network validators or delegate it to FTSO providers to earn rewards. Wrapping FLR into WFLR also qualified for the historical FlareDrop program. Since the final FlareDrop ended on January 30, 2026, staking and FTSO delegation no longer carry a FlareDrop component, though the core protocol rewards continue.

What was the Flare (Spark) airdrop, and is it still claimable?

The Flare airdrop distributed Spark (FLR) to XRP holders based on a December 12, 2020 snapshot. The Token Distribution Event ran January 9–10, 2023, delivering approximately 1.0073 FLR per XRP through the Flare Portal. The remaining 85% of the public distribution paid out via 36 monthly FlareDrops, claimable by holders who wrapped or staked FLR. The program concluded on January 30, 2026 — no payments remain claimable.

Who backed Flare and how much did it raise?

Per DropsTab fundraising data, Flare raised $46.3M across two rounds. A June 2021 round of $11.3M was led by Kenetic Capital, with Digital Currency Group, CoinFund, Genesis, Borderless Capital, and LD Capital participating. On February 23, 2024, Flare raised $35M from Kenetic and Aves Lair. Kenetic's repeat investment into 2024 signals continued institutional backing; no single investor's supply share is disclosed.

Where can I buy Flare (FLR)?

Per DropsTab data, FLR trades on 30+ spot venues, all centralized — no DEX markets are tracked. Liquidity is CEX-centric, with direct fiat pairs in USD, EUR, JPY, KRW, TRY, and IDR on Coinbase, Kraken, OKX, Bitstamp, Bitbank, Bithumb, and BtcTurk. Stablecoin pairs (USDT, USDC) run on Bybit, KuCoin, Gate, and MEXC. MEXC Futures and Gate.io Futures list FLR perpetual contracts.

Is FLR on Coinbase?

Yes. Coinbase lists Flare (FLR) in the FLR/USD spot pairing. Kraken and Bitstamp also quote direct FLR pairs against USD and EUR, and Crypto.com lists FLR/USD — giving FLR multiple regulated fiat on-ramps in US dollars and euros.