Convert and Swap Flare FLR to United States Dollar USD
FLR/USD: 1 Flare equals $0.0287 USD
Last update: 3:05 AM, January 22, 2025
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Flare is climbing this week.
The current price of Flare is $0.0287 per FLR. With a circulating supply of 56,971,246,741.061 FLR, it means that Flare has a total market cap of $1,636,720,169.52. The amount of Flare traded has risen by $16,968,778.20 in the last 24 hours, which is a 44.15% increase. Additionally, in the last day, $38,431,086.05 worth of FLR has been traded.
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About Flare
FLR is the native token of Flare, an EVM-compatible blockchain network. FLR tokens are used to pay for network transaction fees. FLR tokens are also used to secure the network through staking, and allow holders to participate in governance.
Flare (FLR) is a layer 1 blockchain platform based on the Ethereum Virtual Machine (EVM) that aims to enhance the utility of blockchain technology. It strives to provide developers with decentralized access to high-integrity data from other chains and the internet, enabling the creation of new use cases and monetization models. FLR is the native token of the Flare network, used for payments, transaction fees, and staking in validator nodes. It can also be wrapped into an ERC-20 variant, WFLR, which can be used in various functions such as delegation to Flare Time Series Oracle (FTSO) data providers or participation in governance.
Flare operates through two native interoperability protocols that facilitate the on-chain, decentralized acquisition of blockchain, time series, and Web2 API data. The State Connector acquires event information from other blockchains and the internet in a secure, scalable, and decentralized manner. This data is then made available to decentralized applications (dapps) on the network. The Flare Time Series Oracle (FTSO) utilizes the network structure to deliver highly decentralized prices and data series to dapps on Flare without relying on centralized data providers. This structure allows Flare to minimize risks for users and developers while providing reliable access to cryptocurrency prices, detailed transaction information from other chains, and Web2 event data.
Flare aims to expand the utility of blockchain technology by enabling developers to build applications that can serve a larger group of users. By providing reliable access to high-integrity data from other chains and the internet, Flare opens up possibilities for new use cases and monetization models. For instance, FLR tokens can be used for payments, transaction fees, and staking in validator nodes. They can also be wrapped into an ERC-20 variant, WFLR, which can be used in various functions such as delegation to FTSO data providers or participation in governance. These functionalities are not mutually exclusive and do not prevent the tokens from being used in other EVM-compatible dapps and smart contracts on Flare.
Flare was founded by Hugo Philion, Sean Rowan, and Dr. Nairi Usher, who met while studying machine learning at University College London. They shared an interest in distributed systems and their potential applications, which led to the creation of Flare. The genesis of the Flare mainnet occurred on 14 July 2022, followed by the public token distribution event (TDE) on 9 January 2023. The total available supply at genesis was 100 billion FLR, of which 12 billion FLR were in circulation immediately after the TDE. The public token distribution continues for 36 monthly installments, providing a total of 28,524,921,372 FLR to the community. Flare is an inflationary network with 10% of the circulating supply minted in year 1.
How Flare and United States Dollar differ
Flare (FLR) and the US Dollar (USD) are two distinct forms of value representation, each with unique characteristics. Flare is a layer 1 blockchain platform that aims to enhance the utility of blockchain technology by providing developers with decentralized access to high-integrity data from other chains and the internet. Its native token, FLR, serves multiple purposes including payments, transaction fees, and staking in validator nodes. On the other hand, the US Dollar is a traditional fiat currency, issued and regulated by the Federal Reserve, used for a wide range of transactions and considered a global reserve currency. Unlike FLR, the USD does not have a staking function or a role in decentralized applications. Furthermore, while the supply of FLR is inflationary with a total of 100 billion FLR available at genesis and 10% of the circulating supply minted in year 1, the supply of USD is controlled by the Federal Reserve through monetary policy. Lastly, while the value of FLR can fluctuate based on market dynamics in the cryptocurrency space, the value of USD is relatively stable, backed by the economic strength and creditworthiness of the US government.
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The exchange rate of Flare is decreasing.
The current value of 1 FLR is $0.03 USD. In other words, to buy 5 Flare, it would cost you $0.14 USD. Inversely, $1.00 USD would allow you to trade for 34.85 FLR while $50.00 USD would convert to 1,742.46 FLR, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 14.99%. Meanwhile, in the last 24 hours, the rate has changed by 0.35%, which means that the the highest exchange rate of 1 FLR to United States Dollar was $0.0308 USD and the lowest 24 hour value was 1 FLR for $0.0272 USD. This time last month, the value of 1 FLR was $0.03 USD, which is a 8.51% decrease from where it is now. Looking back a year, Flare has changed by $0.02 USD.
FLR to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$0.0289 USD | -0.35% | $0.0253 USD | 14.99% | $0.0268 USD | 8.51% | $0.0218 USD | 24.79% |
FLR to USD
Amount | Today at 3:05 am |
|---|---|
0.5 FLR | $0.0143 |
1 FLR | $0.0287 |
5 FLR | $0.1435 |
10 FLR | $0.2870 |
50 FLR | $1.4348 |
100 FLR | $2.8695 |
500 FLR | $14.3475 |
1,000 FLR | $28.6950 |
USD to FLR
Amount | Today at 3:05 am |
|---|---|
0.5 USD | 17.42 FLR |
1 USD | 34.85 FLR |
5 USD | 174.25 FLR |
10 USD | 348.49 FLR |
50 USD | 1,742.46 FLR |
100 USD | 3,484.93 FLR |
500 USD | 17,424.64 FLR |
1,000 USD | 34,849.28 FLR |
Today vs. 24 hours ago
Amount | Today at 3:05 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 FLR | $0.0143 | $0.0140 | +2.39% |
1 FLR | $0.0287 | $0.0280 | +2.39% |
5 FLR | $0.14 | $0.14 | +2.39% |
10 FLR | $0.29 | $0.28 | +2.39% |
50 FLR | $1.43 | $1.40 | +2.39% |
100 FLR | $2.87 | $2.80 | +2.39% |
500 FLR | $14.35 | $14.01 | +2.39% |
1,000 FLR | $28.69 | $28.02 | +2.39% |
Today vs. 1 month ago
Amount | Today at 3:05 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 FLR | $0.0143 | $0.0134 | +6.74% |
1 FLR | $0.0287 | $0.0269 | +6.74% |
5 FLR | $0.14 | $0.13 | +6.74% |
10 FLR | $0.29 | $0.27 | +6.74% |
50 FLR | $1.43 | $1.34 | +6.74% |
100 FLR | $2.87 | $2.69 | +6.74% |
500 FLR | $14.35 | $13.44 | +6.74% |
1,000 FLR | $28.69 | $26.88 | +6.74% |
Today vs. 1 year ago
Amount | Today at 3:05 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 FLR | $0.0143 | $0.0109 | +31.28% |
1 FLR | $0.0287 | $0.0219 | +31.28% |
5 FLR | $0.14 | $0.11 | +31.28% |
10 FLR | $0.29 | $0.22 | +31.28% |
50 FLR | $1.43 | $1.09 | +31.28% |
100 FLR | $2.87 | $2.19 | +31.28% |
500 FLR | $14.35 | $10.93 | +31.28% |
1,000 FLR | $28.69 | $21.86 | +31.28% |
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