Flare Network Marks Third Anniversary as TVL Soars Past $170 Million

Flare Network quietly turned three on July 14, 2025, exactly three years after its mainnet went live back on July 14, 2022. What began as a daring experiment to layer smart contracts and real‑time data feeds onto blockchains like XRP has since blossomed into a lively, fast‑evolving ecosystem. It is now bustling with applications, protocols, and a passionate community.

In those three years, Flare has handled over 240 million transactions across more than 40 million blocks. Today, nearly four million unique wallets call the network home, and on an average day, the network processes about 445,000 transactions at a brisk 1.8‑second block time. Even more striking: nearly three‑quarters of all FLR tokens are staked or delegated, underscoring the faith—and the skin in the game—that holders have in Flare’s promise.

That journey hasn’t been without its stepping stones. Back in September 2021, long before the mainnet launch, Flare introduced Songbird, its “canary” network—a sandbox for testing new features in live conditions. When the mainnet finally arrived in July 2022, it opened in “observation mode,” giving developers and users time to shake out any kinks before the full rollout. Then, in January 2023, FLR tokens found their way into millions of pockets via an airdrop to XRP holders—a snapshot taken back in December 2020.

Underpinning all of this are Flare’s oracles: the Flare Time Series Oracle (FTSO) for high‑frequency price data and the Flare Data Connector (FDC) for everything else. Earlier this year, FTSO v2 launched, bringing truly decentralized price feeds straight on‑chain. Meanwhile, FDC has recruited 86 data providers covering 18 distinct data types—from Bitcoin to DOGE to XRPL—and has already answered over 234,000 on‑chain queries.

Becoming a DeFi Powerhouse

DeFi activity on the Flare Network has exploded. Total Value Locked sits around $170 million, with stablecoins accounting for roughly $150 million of that. And the network’s April 2025 integration of USD₮0 was a game‑changer: TVL leapt from about $37 million to over $120 million in just under two weeks, fueled by rFLR rewards and a $2.2 billion FAssets Incentive Program launched July 1.

Big names have joined the party, too. Google Cloud signed on as both a validator and a data provider in January 2024. Kraken started listing USDT0 in April 2025. And in June, BitGo rolled out regulated custody services for FLR and SGB. Partnerships with VivoPower, EasyA, TrustSwap, and Team Finance have also opened doors for institutions and developers alike.

But what really sets Flare apart is its people. Early this year, the network launched a content bounty program and a gamified “Flare Fair” on Songbird, plus a $100,000 Community Growth Grant . These initiatives have sparked new on‑chain activity and drawn in contributors from all corners of the globe.

Looking forward, Flare’s roadmap is packed. Next up is stXRP staking via Firelight, letting XRP holders stake FXRP without sacrificing liquidity, and more FAssets releases are just around the corner. Experts believe that Flare is still at the starting line of what’s possible when you fuse decentralized data with programmable blockchain logic. If the first three years are any indication, the next chapter promises to be even more exciting.