Flare Price

Track Flare Price Today, Live FLR Price Chart & Market Cap

This token was previously called Spark Token. However, the Flare Networks team decided to rebrand the token to Flare (FLR)

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FROM FLR
TO USD

Flare Price Live Data

24H Range
$?0.019409
24H Range
$?0.020884
52W Range
$?0.010636
52W Range
$?0.053939
ATH & ATL Range
$?0.008248
ATH & ATL
$?0.70224
Flare Price$?0.019995
Market Cap$?1.05B
Diluted Market Cap $?2.05B
24H Volume$?18.92M
Vol. / M. Cap Ratio 0.018
Dominance 0.03%
ATH $?0.70224 (-97%)
ATH Date Aug 13, 2022
ATL $?0.008248
ATL Date Oct 19, 2023
Cycle Low $?0.008248
Cycle High $?0.053939
Circ. Supply 52.56B
Total Supply 102.75B
Max Supply -
Supply Inflation 256.31% (High)
Volatility 17.50% (Very High)
PlatformFLR
Release Date -
Fear & Greed Index 82 (Extreme Greed)
Sentiment Bullish
Show more ↓

Flare price today is $?0.019995 with a 24-hour trading volume of $?18.92M, market cap of $?1.05B, and market dominance of 0.03%. The FLR price increased 1.08% in the last 24 hours.

Flare reached its highest price on Aug 13, 2022 when it was trading at its all-time high of $?0.70224, while Flare's lowest price was recorded on Oct 19, 2023 when it was trading at its all-time low of $?0.008248. The lowest price since it's ATH was $?0.008248 (cycle low). The highest FLR price since the last cycle low was $?0.053939 (cycle high). The Flare price prediction sentiment is currently bullish , while Fear & Greed Index is showing 82 (Extreme Greed).

Flare's current circulating supply is 52.56B FLR. The current yearly supply inflation rate is 256.31% meaning 37.81B FLR were created in the last year.

Highlights

  • Price has increased by 88% in the last 1 year
  • Outperformed 54% of the in 1 year
  • in the last 30 days (50%)
  • Trading on KuCoin

Risk Analysis

  • Outperformed by
  • Trading below the
  • Down -97% from all-time high
  • Has liquidity based on its market cap
  • Yearly inflation rate is
See All Risk Checks

Flare Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
FlareUS Dollar FLR/USD 0.23%1.19%38.23%33.57%23.91%-29.20%12.65%88.30%-----94.24%
FlareBitcoin FLR/BTC 0.40%-2.67%28.12%-6.86%-21.86%-49.81%-50.67%-29.07%-----97.79%
FlareEthereum FLR/ETH -0.27%0.61%40.48%12.67%5.50%-15.64%-17.50%19.65%-----95.55%
FlareTether FLR/USDT 0.23%1.19%38.23%33.57%23.91%-29.20%12.65%88.30%-----94.24%

Flare price in US Dollar has increased by 33.57% in the last 1 month. FLR is up 12.67% against Ethereum and down -6.86% against Bitcoin in the last 1 month.

SparkLab Quarterly Returns

YearQ1Q2Q3Q4Total
2021-------84.96%-84.96%
202222.37%------22.37%
2023----------
2024----------
Average 7.46%-----28.32%-20.86%

The top-performing year for SparkLab was 2022 when the price of SPARK increased by 22.37% from $?0.000699 to $?0.000855. The worst performing year for SparkLab was 2021 when the price dropped by -84.96% from $?0.004648 to $?0.000699. The average yearly growth of SparkLab over the last 4 years is -20.86% per year. Usually, SparkLab performs best in Q1 with an average of 7.46% gain and worst in Q4 with -28.32% loss.

Flare Price Closing History by Level

PriceDays Above% of Flare's Life
$?0.70224 ATH--
$?0.7000.00%
$?0.60161.56%
$?0.501009.73%
$?0.4513112.74%
$?0.4016716.25%
$?0.019995 Price Now68466.54%
$?0.01969367.41%
$?0.01870968.97%
$?0.01773371.30%
$?0.01676274.12%
$?0.01581479.18%

The table above shows the number of days which Flare closed above a certain price level.

Flare Price & ROI on this Date

DatePriceROI
Nov 21, 2024 Today$?0.019995-
Nov 21, 2023$?0.01080885.00%
Nov 21, 2022$?0.297381-93.28%

The table above shows the price and ROI of Flare today and previous years on the same date (Nov 21).

FLR Exchanges

Flare is being traded on 33 cryptocurrency exchanges, including KuCoin and Kraken. $?18.92M worth of Flare changed hands in the last 24 hours. If you wish to purchase FLR, check our guide on how to buy Flare in 6 steps.

ExchangePrice Volume Action
KuCoin$?0.019967$?1.92M$?0.019967$?1.92M Trade Now
Kraken$?0.019964$?743,293$?0.019964$?743,293 Trade Now
Bybit$?0.019966$?2.42M$?0.019966$?2.42M Trade Now
OKX$?0.019988$?2.16M$?0.019988$?2.16M Trade Now
gate.io$?0.019968$?2.63M$?0.019968$?2.63M Trade Now
Uphold$?0.00$?0.00$?0.00$?0.00 Trade Now
Coinbase$?0.01993$?1.69M$?0.01993$?1.69M Trade Now
Paribu$?0.019921$?1.43M$?0.019921$?1.43M Trade Now
Crypto.com$?0.019924$?97,229$?0.019924$?97,229 Trade Now
Bitstamp$?0.019875$?66,097$?0.019875$?66,097 Trade Now

About Flare

Flare Network is a blockchain project that aims to bring smart contract functionality to crypto assets which are issued on blockchains that don’t support Turing-complete smart contracts.

For example, holders of XRP would be able to “bridge” their coins over to Flare Network, where they would be represented with FXRP. These FXRP tokens could then be deployed in decentralized finance applications, which wouldn’t be possible on the XRP Ledger itself. Flare also aims to support other crypto assets that don’t have their own smart contracts, for example Bitcoin, Stellar and Litecoin. 

The network’s native asset is called Flare, and has the ticker FLR. Previously, the token was known as Spark Token. 

FLR token holders can participate in the governance of Flare Network. The token is also required for contributing to the Flare Time Series Oracle (FTSO), which brings data from outside the Flare Network into the network. For example, the FTSO brings information about a token’s price to the Flare Network. In return, holders of the Flare cryptocurrency receive an “oracle reward”.

Notably, the FLR token is not used in the Flare Network’s consensus process. Flare Network combines the Avalanche consensus protocol and Federated Byzantine Agreement (FBA). 

If you’re interested in Flare, you can view an up-to-date FLR price chart, the current price of FLR as well as detailed historical Flare price data on CoinCodex.

Before we continue with a closer look at the FLR crypto, let’s quickly outline some of the most important features of Flare Network.

  • Platform that brings smart contract functionality to coins that don’t support smart contracts
  • Uses Flare (FLR) as its native token
  • The token was initially distributed through an airdrop to XRP holders
  • Flare Time Series Oracle (FTSO) uses off-chain data to provide estimates for price pairs
  • FLR token holders can provide data to the FTSO to earn rewards

What is Flare and how does it work?

As we’ve already established, the goal of Flare is to let holders of cryptocurrencies that don’t support smart contracts benefit from smart contracts. This can open up exciting new decentralized finance opportunities for holders of coins such as Bitcoin, XRP, Litecoin and Stellar. 

Flare achieves this through FAssets, which are representations of coins on other blockchains. For example, the BTC equivalent on Flare would be called FBTC, the XRP equivalent would be called FXRP, and so on. Here are all the different assets for which Flare plans to offer the corresponding FAssets:

To obtain off-chain information such as prices of cryptocurrencies on various centralized exchanges, the Flare Network utilizes the Flare Time Series Oracle (FTSO). FLR token holders can provide data to the FTSO, and receive “oracle rewards” if they provide quality data. Alternatively, holders can delegate their FLR to a data provider to earn a portion of the generated rewards. 

Flare also features the State Connector, which is a protocol for acquiring data from external blockchains and using it on Flare. One of the uses of the State Connector is to prove that coins have been locked on the original chain, so a corresponding amount of FAssets can be minted on Flare. 

Flare supply

The initial supply of Flare (FLR) is 100 billion tokens. However, the FLR max supply is technically unlimited, as the FLR supply will inflate over time in order to reward users that provide data to the Flare Time Series Oracle. The inflation rate will initially be set at 10% per year, but will then be changeable through governance. 

While this inflation mechanism could have a negative impact on the Flare price and the Flare market cap, it will ensure that the network will be able to grow sustainably and provide enough incentives for data providers, which are serving a crucial role. 

Flare / Spark Token airdrop

A total of 45 billion FLR tokens, or 45% of the initial supply, was allocated to holders of the XRP cryptocurrency. The XRP coins held by Ripple Labs and some of its former employees were not eligible for the airdrop. 

When the airdrop was first announced, the token was known as Spark Token, but the Flare Network team later decided to change the name of the token to Flare. The snapshot of the XRP blockchain to determine eligibility for the airdrop was taken on December 12, 2020. 

An interesting aspect of the Flare / Spark Token airdrop is that there was a long period of time between the XRP blockchain snapshot and eligible users actually receiving their FLR coins. 

However, some exchanges like Bitrue issued IOUs even before FLR tokens were distributed to the community, establishing a market and giving us a rough idea of the Flare crypto price that we can expect. While the FLR coin price might deviate from the price of the IOUs once the token is actually released, the IOU markets provide a useful baseline.

How is Flare (FLR) connected to Songbird (SGB)?

If you’ve heard of Flare, you might have also heard of a related token called Songbird (SGB). While this might have caused some confusion, the connection between these two tokens is fairly simple. Songbird serves as the “canary network” for Flare, which is similar to how Kusama is a “canary network” of Polkadot

A canary network is in some ways similar to a testnet, but there’s a crucial difference. Unlike testnets, the coins on canary networks have economic value because they have a strictly defined supply that cannot be changed at will.

Songbird is based on practically the same technology as Flare, but adopts new features more quickly. When the Flare project develops a new feature, it is first added to the Songbird network. If it functions as intended, it can then be added to Flare.

Songbird acts as a testing ground for Flare’s technology, providing an adversarial environment that a testnet couldn’t replicate. In a testnet, attackers would have weak incentives to try and find exploits, since testnet coins have no economic value.

Flare News

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FLR
Flare
$?0.019973
1.08% Last 24h
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