Flare is a Layer 1 blockchain with native oracle infrastructure built directly into the protocol — its Flare Time Series Oracle (FTSO) provides decentralized price feeds without relying on external oracle networks like Chainlink. The State Connector enables trustless verification of events on other blockchains, making Flare a "data blockchain" designed to bring external information on-chain natively. What makes Flare unique is that oracle functionality is embedded at the consensus layer rather than being an add-on service. FTSO data providers stake FLR and submit price data, with accuracy incentivized through rewards and penalties. This creates a natively decentralized oracle that any application on Flare can access for free. Flare also targets interoperability with non-smart-contract chains — enabling DeFi applications for assets like XRP, Bitcoin, and Dogecoin that don't have native smart contract capabilities. The FAssets system allows these assets to be used in DeFi on Flare without wrapping or bridging.
Hugo Philion founded Flare, initially connected to the XRP community through a FLR airdrop to XRP holders. Flare mainnet launched in 2023. FTSO became operational as the native oracle, and the State Connector enabled cross-chain verification. FAssets development aimed to bring XRP, BTC, and DOGE into DeFi. Flare positioned itself as the "blockchain for data."
FTSO aggregates price submissions from data providers using a weighted median calculation. Data providers stake FLR and earn rewards for accurate submissions. The State Connector verifies external chain events through independent attestation providers, enabling trustless cross-chain data. FAssets create synthetic representations of non-smart-contract chain assets (XRP, BTC, DOGE) for DeFi use on Flare.
FLR has a total supply of approximately 100 billion tokens. FLR is used for FTSO delegation (earning rewards by delegating to accurate data providers), governance, and transaction fees. Delegating to FTSO providers is the primary staking mechanism.
Built-in decentralized price feeds — no dependency on external oracle networks.
State Connector enables trustless verification of external blockchain events.
FAssets bring XRP, BTC, and DOGE into DeFi without wrapping.
FTSO price feeds are free for any application on Flare.
Limited dApp ecosystem compared to major L1s.
Strong XRP community connection could limit broader adoption.
Chainlink's dominance in cross-chain oracle services is difficult to challenge.
Synthetic asset mechanisms introduce complexity and potential smart contract risk.
Flare Time Series Oracle is Flare's built-in decentralized oracle. Data providers submit price data, accuracy is rewarded, and inaccuracy is penalized. Any app on Flare can access FTSO price feeds for free. It's an oracle built into the blockchain's consensus layer rather than a separate network.
Delegate FLR to FTSO data providers through the Flare Portal. Your delegated FLR helps determine data providers' weight in price calculations. You earn a share of their FTSO rewards proportional to your delegation. No lock-up period — you can undelegate at any time.
FAssets enables synthetic BTC (and XRP, DOGE) representations on Flare that can be used in DeFi — lending, borrowing, trading. The underlying BTC is held by agents who over-collateralize the synthetic positions. FAssets is still developing — check Flare's documentation for current availability.
View live Flare price, charts, and market data on the Flare detail page.
Learn how to purchase: How to Buy Flare