Flare ranks #39 of 504 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #104: 65 of the 103 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 90 non-native assets CoinSpectrum lists above it by market cap, about 57% are claims on other assets, 39% are tokens and 4% are memecoins.
| CoinSpectrum Grade | C · 58/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #39 |
| Rank counting claims | #104 |
| Market capitalisation | $531M |
| Price | $0.00606 |
| Circulating supply | 87,630,037,824 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 28 October 2026 build. Open the live view for every exchange's price, and charts.
C — 58 out of 100, provisional (from 18 of 20 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 52 to 63 (C to C).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms (Source) | 9.1 | group average |
| Consensus: leader ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| Consensus: family ladder | 9.1 | Proof of stake: 9.1 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Cryptocurrency Standards (Source) | 4.9 | group average, 10 of 12 measured |
| Sound Money Properties (6 checks) (Source) | 5.3 | 3.2 of 6 points source |
| Scarcity (Limited supply · 1 Store of value · Whitepaper §6) | 2.4 | no fixed maximum; 87.6 billion in circulation: supply scale 4.8, cap 0 |
| Durability (Sustainability · 1 Store of value) | ✗ | 3 full years since its first recorded price, one halt, freeze or reversal in five years |
| Fungibility (Interchangeability · 3 Unit of account) | ✓ | every unit identical and worth any other |
| Portability (Scalability · 2 Medium of exchange) | ✓ | typical fee $0.00008; about 1,190 transactions a second, 8.8 on the throughput scale (5 is the busiest networks' median demand) |
| Divisibility (Flexibility · 3 Unit of account) | ✓ | 18 decimal places, the smallest unit worth $6.1e-21 |
| Verifiability (Authenticity check · 1 Store of value · Whitepaper §8) | ✗ | node software open source; no light clients or pruned nodes |
| Scalability (fees, throughput, block time, block space, features) | 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; 119, 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 (32 MB or more 10) | 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 §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. |
| Security (miner pay and 7 checks) | 5 | 5 of 9 points source |
| Miner pay (A day, $1,000 0 to $10 million 10; 2 points) | 0 | not mined |
| Own hashrate (Half its algorithm's largest, not merge-mined) | ✗ | not mined |
| Largest pool (Pool or validator under 50%) | ✓ | 4.47% |
| Largest three (Under 75% together) | ✓ | 10.87% |
| Clients (More than one maintained) | ✗ | 1 |
| Open source (Node software) | ✓ | Flare Foundation / Flare Labs maintain the only node, flare-foundation/go-flare (an Avalanche fork). |
| Real use (1,000+ transactions a day) | ✓ | about 574,000 a day |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Decentralisation | 5 | section average, 6 of 8 measured |
| Censorship resistant (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) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Nodes (Source) | — | Not yet counted |
| Holder concentration (Source) | — | 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 | 0.6 | Sold by its issuer or insiders: 93.6% of supply was theirs to sell, 4% sold so far. 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 |
| Privacy | 2 | section average |
| Privacy (5 checks) | 2 | 1 of 5 passed source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | ✓ | Any secp256k1 key can hold and send FLR; the chain's account and transfer rules carry no identity check. |
| UTXO ledger (A new key for each payment · Whitepaper §2, §9) | ✗ | |
| Network privacy (Origin hidden by default) | ✗ | go-flare (AvalancheGo/coreth fork) gossips transactions directly. |
| Hidden amounts (Amounts confidential) | ✗ | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | ✗ | No sender or receiver hiding. |
| Programmability (tokens, contracts, 5 checks) | 7.8 | 7 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 exchange (Built into the protocol) | ✗ | No exchange in the protocol; its enshrined protocols are the FTSO oracle and the Data Connector. |
| 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. |
| Supply & Demand | 5.9 | group average |
| Supply & Demand (Source) | 7 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 31 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 4.3 | $1,114,575 traded in 24 hours; #568 by volume on the exchanges the site reads (scored on the median day of the last 30, $1,351,116) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 2.8 | 0.22% of its market cap a day, median of the last 30 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 8.9 | $2,401,526 within 2% of the price on 7 exchanges, 0.45% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 6.8 | $531M, 6.8 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 0.55% of its market cap |
| Supply (smaller is better) | 4.8 | no fixed maximum; 87.6 billion in circulation |
| Record | 6 | group average |
| Record (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 stopped at height 43,656,743 from about 02:45 to 10:58 UTC (~8 h) until validators with 85% of stake upgraded to go-flare v1.11.0. |
| 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, improvements, unfixed issues) | 6 | 1 positive, 0 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 103 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 | – | |
Twenty criteria, weighted equally. The Cryptocurrency Standards have five sections: sound money (six qualities: scarcity, durability, fungibility, portability, divisibility, verifiability), scalability (four measures and three features), security (miner pay and seven checks), decentralisation (censorship resistance, no central team, who can mint, nodes, holders, premine, fundraising and developer share) and privacy (five checks); programmability (token issuance, smart contracts and five checks) follows them. Provisional: criteria 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.
87,630,037,824 FLR are in circulation, against no fixed cap — issuance has no defined end.
| 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.
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.
Flare is #39 among cryptocurrencies and #104 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 65 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 →