Flare Marks 3rd Anniversary with Major Ecosystem Growth and DeFi Milestones

The Flare mainnet launch three years ago marked the beginning of a vision for a more data-rich, decentralized, and connected Web3. We are commemorating Flare’s third anniversary today! With that original vision now materializing as a quickly expanding, interoperable ecosystem, it’s astounding how far the network and community have gone. We really appreciate the support of our thriving community, developers, and infrastructure providers during the whole process.

This article outlines Flare’s current position and highlights some of the company’s significant turning points, which serve as a reminder of both how far we’ve gone and what lies ahead in 2025 and beyond.

Where is Flare today? A path toward decentralized finance and data

With record-breaking on-chain numbers and a thriving DeFi ecosystem, the Flare network is busier than ever. The figures are self-evident:

• 40 million blocks produced
• 240 million total transactions
• 3.9 million wallet addresses created
• 445,000+ daily transactions
• Average block time of 1.8 seconds
• To support the network, more than 73% of the FLR circulating supply is staked or assigned.

Real use and value creation are represented by each of these statistics. Together with the significant turning points that preceded the present, they also showcase the community’s and the Flare team’s combined efforts. Let’s examine the significant points along the way, from its aspirational beginnings to its prosperous present.

Flashback to Flare: The pivotal moments

Flare started off with a clear vision:

To enable decentralized data access and smart contract capability on a larger variety of blockchains, particularly ones without native smart contract functionality like XRP.

Whitepaper & Original Concept (Prior to 2021):

In order to provide on-chain applications with trustless access to off-chain data, the foundation for Flare was first established, emphasizing decentralized data collection and reliable smart contract execution.

Canary Network – Songbird Launch (September 2021):

Flare’s canary network, Songbird, was launched, offering a vital live testing ground for updates, features, and protocols in a real-world setting.

Flare Mainnet Genesis (July 14, 2022):

The Flare blockchain itself was first launched in “observation mode” to guarantee stability and decentralization.

Public Token Distribution Event (January 9, 2023):

The much-anticipated FLR token airdrop to millions of users—most notably, XRP holders from a December 2020 snapshot—marked Flare’s public debut and sparked extensive community involvement.

The Flare Time Series Oracle (FTSO) and the Flare Data Connector (FDC), two embedded oracles that drive data and interoperability, are at the core of Flare’s development.

Core protocol growth: FTSO & FDC

The release of Flare’s updated, fully entrenched oracle system, FTSOv2 (Flare Time Series Oracle v2), has been a significant highlight of the last year. It powers a variety of data-intensive applications by delivering decentralized, dependable, and regularly updated data feeds straight into the Flare blockchain.

Key Metrics for FTSOv2

Flare’s cross-chain applications, such as FAssets, have been strengthened by the Flare Data Connector (FDC), which works in tandem with the FTSO to provide developers direct on-chain access to safe, validated data from Web2 APIs and other blockchains. In particular, it has made Flare DeFi technologies more accessible and paved the way for the ecosystem’s quick expansion.

FDC by the numbers: Current (as of writing at Epoch 310)

• Data providers: 86
• Data types available: 18, including Bitcoin, DOGE, XRPL, and on 3 EVM chains
• Number of queries: > 234k

Flare’s secure data infrastructure is in high demand, as seen by the steadily increasing query volumes for both the FTSO and FDC. This core infrastructure is essential to the FAssets system, which we expect to expand dramatically in tandem with XRPFi demand.

Growth of the DeFi ecosystem

Flare DeFi has seen a inflection point in the last year, as new procedures, more liquidity, and surging activity have propelled the company to new heights.

Current metrics for the ecosystem:

• TVL (Total Value Locked): ~$170 million
• Stablecoin liquidity: ~$150 million
• USD₮0 minted on Flare: Over 77.5 million, ready for use in swapping, borrowing, trading perpetuals, and providing liquidity.
• DEX transaction volume: ~$19 million weekly
• Volume bridged via Stargate: +26 million USDC.e and 2687 WETH

Explosive TVL & Stablecoin Liquidity

TVL more than tripled from $37 million to over $120 million in only 13 days when Flare integrated USD₮0 (the omnichain composable version of Tether) in April 2025. Incentives like rFLR rewards are helping to encourage this remarkable growth, and the FAssets Incentive Program (which will debut on July 1, 2025) will help to further accelerate it. Over 2.2 billion FLR will be distributed over the course of the next year as part of this strategic commitment to speed up institutional-grade DeFi activity on the network, starting with XRP.

XRPFi & FAssets

Over the last year, XRPFi has also gained popularity. By using FXRP and the FAssets system to open DeFi for XRP holders, users may mint fully collateralized FXRP to access lending, borrowing, and yield farming without having to give up their original XRP. Users may now easily access XRP-based DeFi with increased liquidity and efficiency thanks to the FAssets v1.1 upgrade and the Core Vault’s launch in March 2025, which enables more scalable FXRP minting and direct redemptions.

As soon as FAssets go live on the Flare mainnet, FXRP will take center stage on Songbird, Flare’s canary network. Furthermore, staking for XRP will be introduced with the future stXRP launch at Firelight. This will enable users to stake FXRP and get stXRP, an ERC-20 token that is still useable and liquid on Flare DeFi while still collecting incentives.

Be among the first to try XRP staking by signing up for the waitlist!

The XRPFi flywheel on Flare, which is created by the combination of FAssets and the XRP staking solution, allows users to effortlessly switch between lending, staking, and liquidity pools, unlock new return possibilities, and maintain value circulation across the ecosystem.

Ecosystem and partnerships

A rising number of well-known partners and integrations have been drawn to Flare’s vision of a more open, interoperable, and data-driven Web3.

• As an approved validator and data provider on Flare, Google Cloud (January 2024) advances Flare’s journey toward verified AI while also providing enterprise-grade infrastructure and security to the network.
• In April 2025, Kraken Exchange added USDT0 to Flare, improving the Flare ecosystem’s access to the $140+ billion stablecoin liquidity via quick, inexpensive, and omnichain transactions.
• BitGo (June 2025) provides FLR and SGB with regulated custody, allowing for complete compliance institutional access to the network in the US and Europe.
• In June 2025, VivoPower teamed up with Flare to implement a $100 million XRP treasury plan, demonstrating the network’s institutional attractiveness and practical applications.
• In order to onboard XRPL builders and increase usage across the XRPFi stack, EasyA and Flare teamed to create a developer series in June 2025.
• By integrating with SparkDEX, TrustSwap and Team Finance (July 2025) provided Flare builders with a comprehensive token launch and management suite, making it simpler than ever for new projects to manage liquidity, raise funds, and safely launch tokens on Flare.

Each collaboration strengthened Flare’s foundation by contributing a crucial element that helped to protect, grow, and diversify the ecosystem in the years to come.

For Flare to grow and evolve, community has always been essential. Throughout Flare’s three-year existence, we have developed fresh programs and campaigns aimed at inspiring and involving the active community.

Flare Content Bounty: January 2025

Flare and BountyCaster collaborated to encourage content producers to provide excellent instructional materials around Flare. Creative contributions from various media were received by the bounty, showcasing the talent and enthusiasm of the Flare community.

February 2025: Flare Fair

To make DeFi discovery more interesting and user-friendly for everyone, Flare organized a onchain, gamified event. Network activity increased as a result of Flare Fair’s direct participation rewards, which enticed both new users and seasoned users to explore what’s available on Flare.

Flare Community Growth Grant: Ongoing

A $100,000 grassroots initiative called the Community Growth Grant was recently introduced by Flare with the goal of enabling local organizers and leaders to build the Flare ecosystem from the bottom up. To aid in onboarding new users, the grant supports tangible initiatives like IRL events and instructional materials.

2025 and Beyond

From an ambitious vision to a flourishing network that powers millions of transactions and makes real-world DeFi possible for assets like XRP, Flare has changed dramatically in only three years. The infrastructure of Flare is more robust now than it was three years ago. Every collaboration, improvement, and project has set the foundation for what has come after and will continue to do so for what comes ahead.

Flare is just getting started; significant collaborations and launches are yet to come. Flare is more dedicated than ever to creating a genuinely open and decentralized future based on data and interoperability, and 2025 is looking to be the most revolutionary year yet.

We are grateful to our partners, developers, and community for playing a key role in Flare’s development to far. Cheers to an even more promising future!