Flare
Flare is a Layer 1 blockchain designed to enhance cross-chain interoperability and enable decentralized applications to securely access data from other blockchains and external sources. The Flare Network focuses on solving one of the most critical challenges in Web3: allowing smart contracts to use reliable, decentralized data from networks that do not natively support them. Flare is powered by two core protocols that expand on-chain functionality. The State Connector enables Flare smart contracts to securely use data from external blockchains, including transaction proofs, asset-specific information, and other verifiable events. The Flare Time Series Oracle (FTSO) provides decentralized, real-time price feeds and off-chain data, ensuring accurate and tamper-resistant information for applications built on the network. Together, these components position Flare as a foundational blockchain for interoperable DeFi, cross-chain applications, and data-driven smart contracts.
ABOUT FLARE
Flare is a Layer 1 blockchain that delivers a full-stack solution for building secure, interoperable, and data-driven decentralized applications.
Its core innovation lies in integrating the Ethereum Virtual Machine (EVM) with native data and interoperability protocols, enabling smart contracts to interact with blockchains that do not natively support programmable logic.
The FLR token plays a central role in the Flare ecosystem, supporting network security through staking, incentivizing accurate data provision via the Flare Time Series Oracle (FTSO), enabling on-chain governance, and functioning as a medium of exchange.
Flare Networks has established partnerships across the blockchain industry to expand its ecosystem and interoperability capabilities, with notable alignment and support from the XRP community and close integration with XRP Ledger–based use cases.
FLARE PRODUCTS & FEATURES
State Connector – The State Connector is one of Flare’s most important innovations, allowing smart contracts on Flare to securely and trustlessly access data from external blockchains and web sources.
Flare Time Series Oracle (FTSO) – The Flare Time Series Oracle (FTSO) is a decentralized oracle system that delivers real-time price feeds and off-chain data to Flare-based applications.
Native Cross-Chain Interoperability – Flare is designed to support native interoperability with blockchains that do not support smart contracts, including Bitcoin, the XRP Ledger, and other networks.
Smart Contract Platform – As an EVM-compatible blockchain, Flare allows developers to deploy Ethereum-based smart contracts, tools, and applications with minimal modification.
FLR Token Utility – The FLR token underpins Flare’s entire ecosystem and serves multiple purposes, including staking, governance participation, oracle incentives, and network security.
DeFi and Data-Driven Applications – Flare’s architecture enables a wide range of data-rich decentralized applications, including cross-chain DeFi platforms, lending and borrowing protocols, decentralized exchanges, synthetic assets, and other financial applications that require secure access to external data.