Flare is a blockchain for building applications that are interoperable with other blockchains and the internet.
## What is Flare (FLR)?
Flare is an EVM-based Layer 1 blockchain designed to allow developers to build applications that are interoperable with blockchains and the internet. By providing decentralized access to high-integrity data, Flare enables new use cases and monetisation models.
## What makes Flare unique?
Flare's native interoperability protocols, the State Connector and the FTSO are secured by the network itself, allowing it to reliably deliver data from a wide variety of off-chain sources in a decentralized way.
The Flare Time Series Oracle delivers highly-decentralized price and data feeds to dapps on Flare, without relying on centralized providers.
The State Connector protocols enable information, both from other blockchains and the internet to be used securely, scalably and trustlessly with smart contracts on Flare.
Risk is minimized by building this decentralized data infrastructure natively into the blockchain, powered by a large number of independent data providers.
By incentivizing sets of independent providers to query, acquire, and process data without relying on single, centralized sources, Flare’s core protocols can facilitate the development of interoperable dapps with a broad range of potential innovative use cases.
## What is the Flare (FLR) token used for?
FLR is the native token used for payments, transaction fees to prevent spam attacks and staking in validator nodes. FLR can also be wrapped into an ERC-20 variant, WFLR. WFLR tokens serve various functions; they can be delegated to FTSO data providers, for example, or staked to participate in governance. These two uses are not mutually exclusive and do not prevent the tokens from being used in other EVM-compatible dapps and smart contracts on Flare.
Wrapped FLR (WFLR) can be minted by depositing native FLR tokens into a smart contract and withdrawing the newly minted
The current live price of Flare (FLR) is $0.006070 USD as of the most recent market update. This price is aggregated from major cryptocurrency exchanges and reflects the global market consensus for Flare tokens. The cryptocurrency market operates 24/7, meaning FLR prices update continuously throughout the day, unlike traditional stock markets that have defined trading hours.
Key Market Metrics for FLR:
The market capitalization of $527.16M places Flare among significant digital assets in the cryptocurrency ecosystem. The 24-hour trading volume of $1.56M indicates moderate trading activity and market participation. The volume-to-market-cap ratio provides insights into the token's liquidity profile and trading efficiency.
For investors tracking FLR, the price data shown on Pricify is sourced from CoinGecko's detailed API, providing reliable and up-to-date market information. The current bearish sentiment with a decline of 0.07% in the last 24 hours offers a snapshot of recent market dynamics affecting Flare.
The all-time high price of Flare was $0.1501, reached on January 09, 2023. The current price of $0.006070 represents a 96.0% decline from the all-time high, which is a common metric used by investors to gauge potential upside relative to historical price levels.
Indian investors have several options to purchase Flare (FLR) through registered cryptocurrency exchanges. The process involves creating an account on a crypto exchange, completing KYC verification, depositing Indian Rupees (INR), and placing a buy order for FLR. Below are the most popular and trusted platforms for buying cryptocurrencies in India.
Coinbase is the largest publicly traded cryptocurrency exchange in the world, offering a secure and regulated platform to buy, sell, and store Flare and 200+ other cryptocurrencies. With advanced security features, FDIC insurance on USD balances, and an intuitive interface, Coinbase is ideal for both beginners and experienced traders. Indian users can sign up, complete verification, and start trading FLR with INR deposits via P2P or USDT pairs. Join Coinbase today to buy Flare and earn rewards.
Binance is the world's largest cryptocurrency exchange by trading volume, offering deep liquidity for FLR trading pairs including FLR/USDT, FLR/BUSD, and more. Binance provides advanced trading features including spot trading, futures, margin trading, staking, and earn products. Indian users can access Binance through its global platform and use P2P trading to buy Flare with INR. Register on Binance to trade FLR with one of the lowest fee structures in the industry.
WazirX is one of India's most popular cryptocurrency exchanges, offering direct INR deposits via UPI, net banking, and bank transfers. The platform is fully compliant with Indian regulations and provides a seamless experience for buying Flare with Indian Rupees. With the WazirX auto-buy feature, you can set up recurring purchases of FLR to average your entry price over time. Sign up on WazirX to start investing in Flare with INR directly.
Steps to Buy FLR in India:
Disclaimer: Cryptocurrency investments are subject to high market risk and price volatility. Past performance does not guarantee future returns. Please do your own research and consider consulting a financial advisor before investing in digital assets. The Indian government has imposed a 30% tax on crypto gains and 1% TDS on transactions.
Understanding the price history of Flare (FLR) is crucial for making informed investment decisions in the cryptocurrency market. Flare\'s price journey reflects the broader trends in the Other sector as well as project-specific developments, market sentiment shifts, and the evolving regulatory landscape for digital assets.
The current price of $0.006070 shows a negative trend over the last 24 hours with a change of 0.07%. Looking at broader timeframes, the 7-day change of 3.52% (down) and 30-day change of 8.78% and 1-year change of 73.62% provide context for medium to long-term price trends.
Key Price Levels for FLR:
The interactive chart above allows you to analyze Flare\'s price action across multiple timeframes — from intraday 1D charts for short-term traders to all-time charts for long-term investors. Use the chart tabs to switch between 1-day, 7-day, 1-month, 3-month, 1-year, and all-time views. The chart includes price data points and trend visualization to help identify support and resistance levels, trendlines, and potential breakout patterns for FLR.
Technical analysis of Flare should be combined with fundamental factors such as network activity, development updates, partnership announcements, and overall market conditions in the Other sector. The volume data of $1.56M in the last 24 hours provides insight into the level of market participation and liquidity available for FLR traders.
Here are other popular cryptocurrencies that investors tracking Flare (FLR) may also be interested in. These coins represent different categories and market cap ranges within the cryptocurrency ecosystem, providing diversification opportunities for crypto portfolios.
The current live price of Flare is $0.006070 USD. The price is updated in real-time from CoinGecko's aggregated market data across multiple cryptocurrency exchanges. In the last 24 hours, FLR has traded between $0.006057 and $0.006119, with a 24-hour change of 0.07%.
Indian users can buy Flare through popular cryptocurrency exchanges like Coinbase, Binance, or WazirX. The process involves creating an account, completing KYC verification with Aadhaar/PAN, depositing INR through UPI or bank transfer, and placing a buy order for FLR on the exchange.
The current market capitalization of Flare is approximately $527.16M. Market cap is calculated by multiplying the current price ($0.006070) by the circulating supply (86,831,434,971 FLR tokens). This metric ranks Flare among other digital assets in the cryptocurrency ecosystem.
Flare is classified under the Other category. The Other sector of the cryptocurrency market includes projects that share similar technological characteristics, use cases, and market dynamics. Investors often use category classification to build diversified crypto portfolios and compare project performance within the same sector.
Whether Flare (FLR) is a good investment depends on your individual risk tolerance, investment goals, and market outlook. The cryptocurrency market, including the Other sector, is known for high volatility. The current price of $0.006070 is 96.0% below its all-time high of $0.1501. We recommend conducting thorough research, diversifying your portfolio, and consulting a financial advisor before investing in cryptocurrencies. Use our interactive chart and market data above to conduct your own analysis of Flare.