News with the tag "Flare Networks"

Hugo Philion, CEO of Flare Labs, recently announced that $134 billion worth of XRP will soon be eligible to earn a yield on Flare through FXRP and native XRP staking. While this development is exciting, it has raised concerns, regarding yield sources and potential risks for participants. Vet (@Vet_X...

Pro-XRP lawyer John Deaton has expressed a positive outlook on Flare Networks by calling it a “sleeping giant.” This comes after SparkDEX, hosted by Flare Networks, announced the launch of a perpetual futures market for the TRUMP/USD pair. FLR prices have soared by over 19% in the last 7 days in res...

Flare Networks has launched FXRP on Songbird, its canary network, enabling XRP holders to mint FXRP tokens and participate in decentralized finance (DeFi) activities. This milestone allows XRP holders to utilize their assets in DeFi without selling their XRP. Hoos.crypto, a prominent crypto enthusia...

Flare, a blockchain platform, has officially launched FXRP, a tokenized representation of XRP, on its Songbird test network. This release marks a significant milestone following the completion of an open beta phase involving 48,000 participants. During the beta testing period, the system processed o...

Flare Networks, an emerging blockchain project, is rapidly shaping the future of decentralized finance (DeFi) The post Flare Networks to Build A DeFi Hub Powered by Data and Trust appeared first on TheCoinrise.com .

LayerZero v2 integration is set to bring a new functionality to Flare with access to about 50,000 Decentralized Applications (DApps). Flare And LayerZer To Focus on Users and Builders The data-focused blockchain Flare was recently integrated into the cross-chain messaging platform LayerZero. This mo...

Flare Networks, a company dedicated to bridging the gap between blockchains and smart contracts, witnessed promising results during the public beta launch of its FAssets system. The initiative allows cryptocurrencies like XRP, which lack native smart contract functionality, to interact with the worl...

Flare opened beta testing for its FAssets system to the public, witnessing massive success, with 937,000 XRP tokens minted across… The post Flare Sees Over 937K XRP Across 2K+ Mints on First Day of FAssets Tests first appeared on The Crypto Basic .

Flare Networks announces the upcoming launch of its first ever native stablecoin a month after Ripple disclosed plans to introduce… The post Flare to Welcome First Ever Native Stablecoin USDX first appeared on The Crypto Basic .

In a strategic move aimed at fortifying investor confidence, Flare Network has recently initiated the burning of an additional 66 million FLR tokens. This action contributes to a cumulative burn totaling 595 million FLR, forming a pivotal aspect of the network’s multi-year plan involving 2.1 billion...