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Flare FLR |
BUY
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$0.0078352 |
2.36 % (24h) |
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Marketcap |
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$671,007,012 |
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Volume 24h |
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$4,710,123 |
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Description
Flare (FLR) is an EVM-compatible layer-1 blockchain that was designed to bring smart contract functionality to assets that do not natively support them, such as XRP and Litecoin. It utilizes a unique "State Connector" and "Flare Time Series Oracle" to provide decentralized applications with secure access to high-integrity data from other blockchains and the internet. The FLR token is used for transaction fees, staking to secure the network, and as collateral within the ecosystem's various protocols. By enabling "bridging without trust," Flare aims to unlock the value of trillions of dollars in non-smart contract assets for the decentralized finance world.