Coin columns · Mainnet Province
Flare (FLR): An Ethereum-Compatible Layer 1 With Built-In Data Feeds
A data-first layer 1 that began with an XRP airdrop
FLR is the base coin of the Flare layer-1 blockchain, used for fees, staking, delegation to data providers and governance. Flare is known for building outside data, such as prices, into the chain itself, and for an airdrop to XRP holders.
1. A data chain that grew out of the XRP community
Flare was built by Flare Networks, led by Hugo Philion and Sean Rowan, because the XRP Ledger has no smart contracts; it is separate from Ripple. A ‘Spark’ airdrop based on a December 2020 snapshot (a record of holdings at one moment) of XRP Ledger balances drew attention by giving FLR to XRP holders.
FLR started with a total supply of 100 billion, and part of the airdrop was paid at launch and the rest in instalments over several years. On the Crypto Nation map, FLR is the city-hall tower of Mainnet Province, the area for standalone layer-1 chains, because it is the chain’s own base coin.
2. Built-in oracle and data connector
Flare is EVM-compatible, so apps written for Ethereum can run on it. Most chains rely on separate oracles (services that bring outside data on-chain) for prices, but Flare builds one in. In the Flare Time Series Oracle (FTSO), independent data providers submit prices, and FLR holders delegate coins to providers to share rewards.
The Flare Data Connector (FDC) proves that transactions on other chains such as Bitcoin, the XRP Ledger and Dogecoin, or ordinary web data, are true and passes them to smart contracts. On this base, FAssets, launched on 24 September 2025, create one-to-one tokens for coins without smart contracts, such as FXRP for XRP, backed by overcollateralization and operators called agents.
3. Uses and key dates
FLR pays fees, backs validators, is delegated to data providers and votes on governance. Flare hosts decentralized exchanges such as SparkDEX, BlazeSwap and Enosys, and FXRP is used for lending and liquidity pools. An XRP-backed stablecoin using FXRP as collateral and a staked-FXRP token (stXRP) were also described as planned.
Key dates: the XRP Ledger snapshot in December 2020, the Songbird canary network in 2021, Flare mainnet in January 2023 and FAssets in September 2025. A canary network is a live testing ground that runs features before the main network.
4. Things to know
Flare’s value depends heavily on the XRP community and on new services like FAssets finding real use, and the ecosystem is still early with a modest user base. FAssets rely on overcollateralization and agents, so a sharp fall in collateral or a failure of an agent or contract could disturb one-to-one redemption of FXRP for XRP; minting and redeeming also rely on Flare’s proofs of what happened on the XRP Ledger.
The supply is large and some of it is released on schedules or paid as rewards, so changes in circulating supply can matter. Security of the built-in data depends on how widely providers are spread, and competition among proof-of-stake chains and the regulatory climate around XRP are further factors.
Written from information public up to October 2026. It does not recommend or rate any coin and is not investment advice. If something is wrong, please tell us through the contact page.