Flare (FLR)
Flare ranks #38 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #109: 71 of the 108 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 95 non-native assets CoinSpectrum lists above it by market cap, about 56% are claims on other assets, 38% are tokens, 5% are memecoins and 1% are NFT collections.
| CoinSpectrum Grade | A · 66/100 · provisional, B to A |
|---|---|
| Rank among cryptocurrencies | #38 |
| Rank counting claims | #109 |
| Market capitalisation | $466M |
| Price | $0.00530 |
| Circulating supply | 87,761,271,093 FLR |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Stake |
| Consensus mechanism | Snowman++ (stake-weighted, 1M FLR self-bond) |
| Network purpose | Smart-contract platform |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 66 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 61 to 70 (B to A).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 9.1 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 5.2 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 5.8 | no fixed maximum; 87.8 billion in circulation |
| Distribution | 6.7 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 0.6 | 93.6% of today's supply allocated at launch to founders, a company, a foundation or investors. All 100B FLR were created and allocated at genesis on 14 July 2022 (community/airdrop, foundation, Flare Labs, VC fund, team, advisors, backers), against a current total supply of about 106.81B FLR (CoinGecko, 2026-10-23). source |
| Fundraising (share sold) (Source) | 9.6 | Sold by its issuer or insiders: 4% of supply sold. 3.1B FLR went to backers of the 2019-2021 rounds; in February 2024 Flare sold a further $35M round to Kenetic, Aves Lair and others, with undisclosed terms; at the ~$0.03 market price then that is about 1.2B FLR. ~4.3B / ~106.81B total supply (CoinGecko, 2026-10-23) = 4.0% (range 2.9%-4.5%). $11.3M round in June 2021 led by Kenetic Capital (DCG, CoinFund, LD Capital and others); the genesis allocation included 3.1B FLR for backers. In 2019 Flare also took an initial investment from Ripple's Xpring. No public sale. The XRP-holder airdrop (4.28B at TDE plus 24.25B FlareDrops) was distributed free. source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. Inflation was 10% in year 1, 7% in year 2, then 5% (FIP.01), and 3% since FIP.16 (May 2026). It pays protocol participants: validators and stakers, FTSO data providers and their delegators, and FDC attestation providers. No share goes to the Flare Foundation, Flare Labs or a treasury. The FlareDrop and incentive pools came from genesis allocations (premine), and FIRE is funded by fees, not issuance. source |
| Decentralisation | 5.7 | average of 3 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No protocol freeze power located; the Jun 2025 stop was an upgrade outage, not a deliberate halt. source |
| No central team (Source) | 0 | A central team directs it: Flare Foundation / Flare Labs maintain the only node, flare-foundation/go-flare (an Avalanche fork). source |
| Who can mint (Source) | 7 | Gated by stake: any holder with enough stake can validate: access bought with coins |
| Nodes (Source) | – | Not yet counted |
| Security | 8.5 | 6.8 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 4.47%, largest three 10.87% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 10 | about 574,000 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 7 | one client, latest version Oct 2026 |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 6.5 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00008 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 8.8 | about 1,190 simple transactions a second |
| Block time (10 minutes 10, less either side) | 0.2 | a block every 1.12 seconds |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 10 | 1.75 MB limit (converted from its gas, compute, mass or count limit), 937 MB per 10 minutes |
| Features (3 checks) | 3.3 | 1 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✓ | Snowman consensus gives final blocks about every 1.1-2 s. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✗ | The coreth-based go-flare C-chain prunes state only; it has no option that deletes old blocks. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✗ | No light-client protocol; wallets trust RPC servers. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Any secp256k1 key can hold and send FLR; the chain's account and transfer rules carry no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | go-flare (AvalancheGo/coreth fork) gossips transactions directly. |
| Programmability | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | ERC-20 contracts on its EVM, open to any account. |
| Smart contracts (General-purpose) | 2 | An EVM open to any account, with DEX and lending applications on mainnet. |
| Multisig and time locks (Without a third party) | ✓ | Multisig and timelock contracts on the EVM. |
| Atomic swaps (With other chains) | ✓ | EVM HTLC contracts (hash lock plus timelock refund). |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (Flare, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | The enshrined Flare Data Connector imports attested data from BTC, DOGE, XRP and EVM chains (50%+ data-provider signature weight), but carries nothing out to other chains; FAssets redemptions rely on agents. |
| NFTs (Carried by the chain's rules) | ✓ | ERC-721 contracts on the EVM. |
| Demand | 6.1 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 32 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.1 | $2,050,712 traded in 24 hours; #595 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,161,539) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 2.7 | 0.21% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 8.9 | $2,235,661 within 2% of the price on 7 exchanges, 0.48% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 6.7 | $466M, 6.7 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 9.3 | futures, options and margin positions 0.51% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 6 | average of 3 criteria |
| Age (years since genesis) (Source) | 3 | 3 full years since 2023-01-05, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 6 | 1 positive, 0 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 110 commits in 12 of the last 12 months (github.com/flare-foundation/go-flare); flare-foundation/go-flare v1.14.2, 2026-10-23; 10 stable releases in 24 months. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a new capability for users in two years | – | |
| Conduct (origin, claims, halts) | 9 | 2 positive, 1 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| Negative record | ||
| Halt, freeze or reversal, 2025-06-26 | ✗ | Block production broke down at about 02:40 UTC on 26 June 2025 (only a handful of blocks after height 43,656,876 until about 09:20) and was restored by 11:15 UTC (~8.5 h) once validators with over 85% of stake upgraded to go-flare v1.11.0, which fixed a validator-weight overflow in the sampler. t.me |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Stake coins
Ethereum ETHA+
BNB BNBA
Solana SOLA+
XDC Network XDCA
Aptos APTA
Provenance Blockchain HASHB
Celestia TIAAAll Proof of Stake chains →Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
87,761,271,093 FLR are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 93.6% of today's supply |
|---|---|
| Sold by the issuer or insiders | 4% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Fundraising | Private or venture funding |
All 100B FLR were created and allocated at genesis on 14 July 2022 (community/airdrop, foundation, Flare Labs, VC fund, team, advisors, backers), against a current total supply of about 106.81B FLR (CoinGecko, 2026-10-23).
$11.3M round in June 2021 led by Kenetic Capital (DCG, CoinFund, LD Capital and others); the genesis allocation included 3.1B FLR for backers. In 2019 Flare also took an initial investment from Ripple's Xpring. No public sale. The XRP-holder airdrop (4.28B at TDE plus 24.25B FlareDrops) was distributed free.
3.1B FLR went to backers of the 2019-2021 rounds; in February 2024 Flare sold a further $35M round to Kenetic, Aves Lair and others, with undisclosed terms; at the ~$0.03 market price then that is about 1.2B FLR. ~4.3B / ~106.81B total supply (CoinGecko, 2026-10-23) = 4.0% (range 2.9%-4.5%).
Inflation was 10% in year 1, 7% in year 2, then 5% (FIP.01), and 3% since FIP.16 (May 2026). It pays protocol participants: validators and stakers, FTSO data providers and their delegators, and FDC attestation providers. No share goes to the Flare Foundation, Flare Labs or a treasury. The FlareDrop and incentive pools came from genesis allocations (premine), and FIRE is funded by fees, not issuance.
Sources: coindesk.com · cointelegraph.com · defillama.com · proposals.flare.network · finbold.com · t.me. Researched 2026-10-24, low confidence.
What a regulator has said
No SEC/CFTC determination — unclassified.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Flare
Flare is #38 among cryptocurrencies and #109 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 71 places between Flare's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 3 wrapped and staked claims on Flare →