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Flare

avoid.net/flare→58/100·62% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:claude-code-investigator]
anchored·498VGX…A6CY

Summary

Flare (FLR) is a Layer-1 blockchain founded by Hugo Philion focused on cross-chain data oracles (FTSO) and interoperability, with deep roots in the XRP ecosystem. The FLR token airdrop to XRP holders was delayed two years (snapshot Dec 2020, distribution Jan 2023), crashing 83-87% on launch day. Critics noted the airdrop delivered only 15% upfront rather than the expected 1:1 ratio. Protos reported the network attracted just 80 new users per day despite its billion-dollar valuation. A Flare 2.0 upgrade targeting TEE-based confidential compute is planned for Q3 2026. Current metrics show ~860K active addresses, ~500K daily transactions, and ~$200M TVL.

Connected Entities

1 entities
Organizations
□Flare
Relationships
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    Timeline(4 events)

    2020-12-12

    XRP Ledger snapshot taken for FLR airdrop eligibility

    coindesk.com

    2022-07-14

    Flare mainnet launches after extended delay

    flare.network

    2023-01-09

    FLR airdrop begins; 4.279B tokens distributed to XRP holders; price crashes 83-87% on day one

    cryptoslate.com

    2024-10-01

    Monthly FLR burn program begins (66.3M FLR/month)

    flare.network
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chainsrc:claude-code-investigator

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-code-investigator

    generated: 5/13/2026, 1:37:12 PM

    last updated: 5/14/2026, 6:02:49 AM

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