Flare Network quietly tripled on July 14, 2025, just three years after July 14, 2025. I returned on July 14th, 2022. What began as a bold experiment to stack smart contracts on blockchains like XRP has since become a vibrant, fast-evolving ecosystem. It’s currently bustling with applications, protocols and passionate communities.
Over these three years, Flare has processed over 240 million transactions on more than 40 million blocks. Today, around 4 million unique wallets call the network home and process around 445,000 transactions in an average block time of 1.8 seconds on the day. Even more impressive: almost three quarters of all FLR tokens are seeped and delegated, with holders emphasizing faith and game skin in their promises of flare.
The journey was not without its stepping stones. Returning back in September 2021, long before the mainnet’s launch, Flare introduced Sombard, the “canary” network. This is a sandbox for testing new features in live conditions. When the mainnet finally arrived in July 2022 it opened in “observation mode” and gave developers and users time to rock the kink before a full rollout. Then, in January 2023, FLR tokens went into millions of pockets via airdrops into the XRP holder. This is a snapshot taken in December 2020.
It is Flare’s Oracle that underpins all of this. Flare Time Series Oracle (FTSO) High Frequency Price Data and All Other Flare Data Connectors (FDCs). Earlier this year, the FTSO V2 was launched, and truly decentralized price supply has been straightened out in chains. Meanwhile, FDC is looking for 86 data providers covering 18 different data types, from Bitcoin to XRPL, and has already answered over 234,000 on-chain queries.
Become a Defi Powerhouse
Defi activity in the Flare Network exploded. The total locked value is around $170 million, with Stablecoins making up about $150 million of that. And the USD₮0 integration in April 2025 was a game changer. TVL has fueled RFLR compensation and the $2.2 billion FASSETS incentive program launched on July 1st, starting from around $37 million to over $120 million.
Big names also joined the party. Google Cloud signed on in January 2024 as both a validator and a data provider. Kraken launched its USDT0 list in April 2025. Partnerships with Vivopower, Easya, Trustswap and Team Finance have also opened doors for institutions and developers.
But it is the people who really set the flare apart. Earlier this year, the network launched a content bounty program and gaming “Flare Fair” at Songbird, and an additional $100,000 community growth grant. These initiatives sparked new on-chain activities and were drawn to contributors from every corner of the world.
Looking forward to it, it’s packed with Flare’s roadmap. Next is STXRP staking via Firelight, where XRP holders have FXRP bets without sacrificing liquidity, with more facet releases right in the vicinity. Experts believe that when you combine programmable blockchain logic with distributed data, flares are still at the start of what is possible. If the first three years are any indication, the next chapter promises to be even more exciting.
