Flare Network Celebrates Three Years with Robust DeFi Growth

Flare Network marks its third anniversary since mainnet launch, evolving from a cross-chain data solution to a thriving Web3 ecosystem. The platform has processed 240 million transactions across 40 million blocks, with 73% of FLR tokens staked or delegated—a testament to strong community participation.

Key infrastructure like the Flare Time Series Oracle (FTSO) now delivers decentralized price feeds, while the Data Connector integrates external blockchain and API data. These tools underpin innovative cross-chain solutions including FAssets and FXRP, processing over 234,000 data queries.

DeFi activity shows particular momentum, with total value locked reaching $170 million. Stablecoins dominate liquidity pools at $150 million, signaling growing institutional-grade participation. The network's daily throughput exceeds 445,000 transactions, reflecting scalable architecture.