what's flare network?
Flare Network is a layer-1 blockchain designed for data-intensive applications, enabling seamless access to high-integrity external data for smart contracts through its State Connector and Flare Time Series Oracle (FTSO). It supports the creation of FAssets, which allow non-smart contract tokens like XRP to be used in DeFi on Flare, expanding interoperability across blockchains. The native token, FLR, powers the network by facilitating staking, delegation for oracle rewards, governance participation, and transaction fees. Key features include regular FlareDrops for stakers and delegators, an FAssets Incentive Program distributing rFLR rewards to boost DeFi liquidity, and integrations with wallets like Telegram's Crypto Wallet for easy deposits, swaps, and earning opportunities. Flare emphasizes secure, decentralized data acquisition to bridge traditional finance with DeFi ecosystems.
Flare Network hosts Osaka community meetup on January 17, 2026.
hosts a community meetup in Osaka on January 17, 2026
Nominated for "Best New DeFi" in an awards ceremony scheduled for 2025-12-30.
Waives all fees for earnXRP vault deposits during the first 30 days of launch.
Hosting an Ecosystem AMA on December 23, 2025.
enosys_global on Flare Networks records 200+ troves created within 24 hours of launch, with the CDP/USDT pool offering 90%+ APR.
enosys_global goes live on Flare Network, enabling CDP Dollar minting with FXRP and WFLR as collateral and providing staking and LP opportunities with fee sharing.
A Benin City meetup takes place on December 13.
Spectra launches on Flare Networks with sFLR pool from Sceptre offering Principal and Yield Tokens, with stXRP integration from Firelight Fi coming soon.
X-Pool reaches $3M in TVL, marking another milestone for the stablecoin yield product on Flare Networks.
Cancun/Dencun EVM upgrades deploy to Songbird testnet on Nov 25 and Flare mainnet on Dec 2, boosting performance and cutting execution costs for DeFi applications.
X-Pool TVL surpasses $2M, marking continued growth for the stablecoin yield product on Flare Networks that combines U.S. Treasury exposure with market-neutral arbitrage.
X-Pool on Clearpool surpasses $1M in TVL, achieving its first major milestone for the USDX-powered yield product combining T-Bill exposure with market-neutral futures arbitrage.
Firelight Fi launches on Flare Networks, with More Markets XRP Flare Account allocating to FXRP.
More Markets identifies Flare Networks as the next step for their XRP Earn Account product, aiming to deliver transparent on-chain yield to their 3K+ investor user base.
XRP DeFi ecosystem reaches $200M in bridged assets with SparkDexAI generating over $6 billion in perpetual trading volume using FXRP as collateral, while liquid staked XRP (stXRP) is in development.
X-Pool goes live on Clearpool on Flare Networks, built with Hex Trust to deliver institutional-grade market-neutral yield for stablecoin depositors through transparent on-chain trading strategies.
Clearpool announces X-Pool institutional vault launching this week on Flare Networks, delivering 8-15% APR through U.S. Treasuries and market-neutral arbitrage for stablecoin holders with weekly distributions.
Competitive audit results announced with $190,000 prize pool, pashap9990 takes first place with 2 findings including one solo finding.
FAssets security audit competition wraps up with $25,000 in rewards distributed to top researchers for vulnerability identification before deployment.
Flare Networks raises cap by 15M FXRP to expand yield access for XRP holders.
Bug Bounty Program re-launches on Immunefi platform with rewards up to $250,000 for securing FAssets.
More Markets' XRP Flare Account experiences high deposit volumes overnight and ranks as top gainer on KaitoAI leaderboard, with further announcements planned for the week.
Spectra launches on Flare Network, enabling XRP holders to access fixed rate products and yield leverage.
More Markets launches its third XRP Earn Account, integrating Flare Network yield opportunities for its users.
Solstice experiences a frontend issue with Flares requiring engineering updates expected within a few days, with confirmation that all flares remain safe and no losses will occur.
Solstice records $211M TVL with user base growing from 50-100k to nearly 1M users in two weeks, while 4,000 USX rewards distribution to top 25 Xeet creators launches in 3 days.
Solstice project accumulates over 7 million FLR tokens with TGE scheduled in approximately two months.
FXRP officially launches, enabling XRP holders to access DeFi features including lending, borrowing, and liquidity provision on Flare. The minting cap increases by an additional 15M to meet growing demand, and integration with idOS_network adds KYC functionality to XRP wallets.
Clearpool's USDX T-Pool on Flare Networks surpasses $41M in TVL, offering 7% APR for USDX deposits issued by Hex Trust.
Governance proposal SGP 14 is now active on Snapshot, proposing to transfer ownership of network contracts to Spectra DAO.
Integrations with HyperliquidX, Flamix, and Luminite are now live, expanding DeFi ecosystem access. TOP Wallet on Telegram offers 50% APR for staking TON to earn FLR (14 days) and 25% APR for locking FLR (60 days), with zero-fee swaps available.
Full FLR integration goes live in Telegram's Crypto Wallet with deposit, withdrawal, and trading capabilities, alongside a new earning mechanism offering daily FLR rewards for TON deposits.
FAssets Incentive Program announced, introducing new rewards mechanism for the ecosystem.
FLR drops -3.48% in 24-hour period, ranking as 4th biggest loser on Sharpe Market Movers tracking.
FLR achieves #3 position among top daily crypto gainers on CoinMarketCap.
Flare launches wrapped XRP for DeFi applications.
FXRP launches with an initial cap of 5 million tokens. More Markets will support yields on Flare through the XRP Flare Account, providing direct access to the Flare ecosystem from the XRP Ledger.
FLR spot trading goes live on Hyperliquid exchange with LayerZero OFT integration, enabling native on-chain trading and omnichain functionality.
Liquity V2 licensed instance is being deployed on the network through Enosys Global.
A new Mitigation Audit Competition launches with $25,000 in rewards for finding bugs in FAsset code fixes, running until September 25, 2025.
FLR is listed as one of the top performing cryptocurrencies today.
Integration between XRPL Commons and Flare Networks is now live, enabling tokenized assets, lending/borrowing platforms, and yield products anchored in real-world data.
Harvard hackathon scheduled for September 20-21 featuring collaboration between Flare Networks, XRPL Commons, and EasyA (1M+ developers) focusing on DeFi, RWAs, and cross-chain finance applications.
Security audit competition officially ends with $125,000 in rewards paid to researchers, marking completion of major security initiative.
USDX T-Pool TVL surpasses $30M milestone with competitive 8.96% yield rate.
New MOU with public company EBZT (OTC: EBZT) for institutional XRP yield deployment.
Nansen partners to provide non-custodial staking with competitive, data-backed yields
More Markets launches non-custodial XRP yield product featuring Firelight liquid staking and direct XRP rewards through FAssets integration.
New integrations with LI.FI and Jumper exchange enable ETH, USDT, and USDC bridging functionality.
FXRP v1.2 launches on Songbird mainnet with institutional partners Uphold and VivoPower, enabling 1:1 non-custodial XRP minting and full EVM composability.
XRP Earn Account reaches $9MM+ cap with pure retail deposits, while new FAssets bridge launch promises to expand on-chain capabilities for XRP holders.
FXRP v1.2 launches on Songbird testnet with completed Zellic audit and active Immunefi bounties.
New 35-day competitive security audit launches with $190,000 prize pool for vulnerability detection.
New staking program launches on Nansen with 15.46% APY, featuring non-custodial staking and real-time analytics.
Scheduled token burn of 2.1B FLR set for January 26.
Major holder accumulates 30.6M tokens ($1.4M) across three wallets with $979K unrealized profit.
New security audit announced for fAssets codebase with $179,000 prize pool for vulnerability detection.
fxUSD stablecoin supply reaches $97M, positioning to advance 4 spots in stablecoin rankings.
New native wallet launches with Revolut partnership and integrated DeFi features including fiat on-ramps, staking, and FTSO delegation.
$45M incentives program launches alongside new partnerships with Vivo Power and Uphold
Token price surges 50% following launch of major DeFi incentive program driving new investor and developer participation.
SparkDEX token launches July 29, driving TVL to $90M (+650%), while USDT0 captures 63% of stablecoin liquidity with 70% of tokens staked and 66M burned.
Token achieves top 2 position in daily gainers list among major crypto assets
Sentora secures $25M funding from major institutional investors including Ripple and establishes strategic partnership with PayPal, following merger of DeFi infrastructure teams managing $3B+ in flow.
Firelight protocol launches on network enabling non-custodial native yield for FXRP, backed by Sentora's $25M Series A funding.
Firelight protocol opens waitlist for XRP staking and yield earning features.
Firelight staking protocol launches with 2x collateralization and SSN revenue sharing for FXRP holders.
SparkDex achieves $4B in trading volume, establishing itself as the leading DEX in the ecosystem.
New staking program launches on Crypto.com offering 10% APY with flexible unstaking.
TVL reaches $150M representing 14x growth, with new Kinetic lending markets now integrated.
New FAssets Incentive Program launches with $2.2B FLR allocation, offering up to 40% APY on specific pairs.
$FLR now available for margin trading on dYdX through Rage platform
Achieves $100M transfer volume milestone through Stargate, ranking as 3rd largest Hydra Chain
TVL increases 300% following USD₮0 launch while new liquid staking product Fireflight enables FXRP to stXRP conversion.
Uphold announces XRP staking via FXRP wrapping mechanism with upcoming beta test, pending US regulatory clarity.
Major institutional custodian BitGo launches support for network tokens with upcoming staking functionality.
VivoPower implements regenerative capital cycle strategy, automatically reinvesting XRP yield returns to compound institutional investment.
Nasdaq-listed VivoPower deploys $100M in XRP for institutional yield through new strategic partnership with protocol.
Security audit competition enters evaluation phase, marking completion of submission period.
New infrastructure partnership established with Ankr to support network operations.
Uphold integrates staking functionality to offer XRP yield opportunities through protocol.
Security audit competition progressing with 2 confirmed reports to date and $125k reward pool (updated from previously reported $150k).
USDX T-Bill Pool on Flare Networks holds $25M, offering Treasury yield plus FLR rewards
Security audit competition for FAssets codebase includes $150,000 in total rewards.
Security audit competition running until June 2025 for FAssets codebase verification.
USD₮0 launches on Kraken with $69M+ minted, $130M+ TVL, and 1,900% market cap growth; $REEF airdrop announced.
Total value locked surges 160% to $120M following USDT0 rollout.
37% APY offerings drive significant TVL growth on platform
$60M+ stablecoin minted and new Kraken integration enables direct USDT onboarding, expanding ecosystem access and liquidity.
$125,000 mainnet audit competition launches May 12, with additional $25,000 mitigation audit pool.
TVL doubles to $124M following Kraken's USDT0 listing.
Kraken lists USDT0, enabling direct Ethereum onboarding and cross-chain liquidity without intermediaries.
$54M USDT0 minted in 48 hours with yield opportunities up to 99% APY across multiple protocols.
Token burn of 2% ($20M) of total FLR supply executed.
Token burn of 2% FLR supply worth $20M is being executed.
New USD₮0 protocol enables cross-blockchain transfers, expanding interoperability capabilities.
USD₮0 stablecoin launches with LayerZero integration, offering gasless transactions and unlocking $140B in liquidity.
USD₮0 goes live with immediate farming, LP, and borrowing incentives across three major platforms.
New staking opportunity launched offering up to 2.5% APY, with additional 2% for Private users.
USD₮0 stablecoin integration enables cross-chain transfers and yield generation with zero gas fees.