Flare Network has concluded its 36-month FlareDrop token distribution program, marking FLR‘s transition to a utility-driven phase. The network now reports approximately 860,000 active addresses and over $200 million in total value locked, with XRP-centric decentralized finance as a growing focus. The FLR token supply is now stable, with protocol usage and burns designed to manage inflation moving forward.
Flare Network has officially concluded its FlareDrop program, ending a 36-month distribution schedule. This completion shifts FLR into a phase where value is derived from network usage and governance.
The network now supports roughly 860,000 active addresses and processes 500,000 daily transactions. Its total value locked is approximately $200 million, alongside a stablecoin market cap exceeding $110 million.
Flare has become a primary hub for XRP-focused decentralized finance. Over 90 million FXRP tokens have been created, with about 80% used in protocols like SparkDexAI and BlazeSwapDex.
The circulating supply of FLR is 85 billion out of a total 105 billion. Annual new supply is capped at 5 billion FLR, with usage for services like FTSO data feeds and ongoing burns intended to balance the token economy.
