About
Flare is a high-performance Layer 1 blockchain optimized for data, often described as "The Blockchain for Data." It integrates decentralized data acquisition protocols directly into the network's core architecture, allowing smart contracts to trustlessly access high-integrity data from other blockchains and the internet. Flare exists to expand the utility of assets that do not natively support smart contracts such as XRP, Bitcoin, and Dogecoin by bringing them into a robust, EVM-compatible DeFi ecosystem through its FAssets protocol.
Technically, Flare is distinguished by its two enshrined data protocols: the Flare Time Series Oracle (FTSO) and the State Connector. The FTSO provides highly decentralized price and data feeds to the network, while the State Connector allows information from external blockchains and open-data APIs to be securely used within Flare smart contracts. This "enshrined" approach means data is protected by the network’s own validator set, removing the third-party risk often associated with external oracle providers.
As of early 2026, the network has transitioned into its "operational utility era." The FAssets protocol is fully live, enabling users to mint synthetic versions of XRP (FXRP), BTC, and DOGE to earn yield in Flare’s DeFi applications. Furthermore, the network has integrated advanced Verifiable AI features, allowing developers to use Trusted Execution Environments (TEEs) to run AI models that can securely interact with on-chain data. This makes Flare a primary infrastructure layer for decentralized AI and cross-chain "XRPFi" strategies.
The FLR token is the native utility asset used for transaction fees, staking to secure the network, and as collateral in the FAsset system. It also serves as the primary governance token for the Flare DAO. Following the approval of FIP.01, the tokenomics shifted to reward long-term participants through the "FlareDrop" a 36-month distribution program for wrapped FLR (WFLR) holders. The final installment of this massive community distribution concludes in January 2026, marking a pivot toward a more stable, utility-driven supply model.
