Flare Network Eyes $0.03: Institutional Backing, DeFi Growth Fuel $FLR’s Momentum
Main Idea
Flare Network's FLR token is gaining traction due to institutional backing and DeFi growth, with recent developments and partnerships fueling its rise.
Key Points
1. Flare Network's FLR token surged 9.6% to $0.02513 in one day, driven by institutional partnerships and DeFi adoption.
2. Flare announced a partnership with NASDAQ-listed VivoPower to deploy $100 million in XRP for institutional yield strategies.
3. The Flare FAssets Incentive Program aims to boost the use of FAssets and modular protocols, enhancing ecosystem expansion.
4. Flare integrated Tether’s omnichannel USD₮, facilitating over $60 million in transactions and increasing platform liquidity.
5. FLR's market cap stands at $1.7 billion with a 24-hour trading volume of $112 million and a total value locked (TVL) of $134 million.
Description
Layer-1 blockchain Flare ($FLR) is charging ahead to become the backbone of decentralized interoperability. Rocketing 9.6% to trade at $0.02513 in one day, fueled by major institutional partnerships and rising DeFi adoption, Flare could be weaving the very fabric that connects the future of blockchain. JUST ANNOUNCED! You asked, we listened. Uphold is exploring ways to unlock yield on $XRP , including testing XRP staking through @FlareNetworks FAssets. Welcome to the world of smart contracts and...
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