Flare Price in India (FLR)

Flare is an EVM-based Layer 1 blockchain designed to enhance blockchain utility by providing developers with decentralized access to reliable data from other blockchains and the internet. The platform leverages its in-house native protocols State Connector and Flare Time Series Oracle (FTSO) to offer seamless integration and enhanced functionality. The network is fueled by its native token FLR.

Flare was founded in 2022 by Hugo Philion, Sean Rowan, and Dr Nairi Usher, all graduates of University College London.

• FLR token: FLR is the native token used for payments, transaction fees, governance, and staking. The token can also be wrapped into an ERC-20 variant, WFLR.

• In-house protocols: The Flare platform houses in-house protocols such as State Connector, Flare Time Series Oracle (FTSO), and Layer Cake. Flare aims to offer seamless integration and enhanced functionality by leveraging these technologies.

• EVM compatibility: Flare is built on the EVM, ensuring compatibility with existing Ethereum-based applications and tools.

• Songbird canary network: Songbird serves as Flare’s canary network—a functional blockchain with a designated token supply for testing new features in a live environment before deploying them to the main network.

FLR, the native token of the Flare network, is a blockchain platform that offers innovative solutions. As of March 12, 2025, FLR is trading at approximately $0.01 and ranks #66 in the overall crypto ranking. Price predictions suggest potential growth, with forecasts estimating an average price of $0.17 by 2030. However, given the volatility of the crypto market, investing in FLR carries inherent risks and investors should do their research before making any trading decisions.

You can buy FLR from crypto platforms like CoinSwitch.

• FLR can be traded on crypto platforms like CoinSwitch. 
• It can be used to pay for transaction fees on the Flare network.
• Token holders can stake FLR tokens and earn staking rewards. 
• Token holders also participate in governance.

• The FLR token can be wrapped into an ERC-20 variant, WFLR. 

• Flare enables secure cross-chain communication, allowing dApps to access data from different blockchains.

• It supports Ethereum-based smart contracts, making it easy for developers to build and migrate dApps.

• Like other cryptos, FLR is subject to market volatility.

• FLR’s competition includes other interoperability-focused blockchain leaders like Polkadot and Cosmos.

• Flare’s advanced features may be too complex for some developers.

• Start investing in FLR with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for users.

• Easily manage your transactions and portfolios on the app.