Flare ranks #39 of 508 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 · 56/100 · provisional |
|---|---|
| Rank among cryptocurrencies | #39 |
| Rank counting claims | #104 |
| Market capitalisation | $538M |
| Price | $0.00614 |
| 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 — 56 out of 100, provisional (from 15 of 17 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 49 to 62 (D 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 | 6.6 | group average, 4 of 6 measured |
| Properties (10 whitepaper checks) (Source) | 5 | 5 of 10 passed source |
| Anyone can mint (permissionless) | ✓ | Snowman++ (stake-weighted, 1M FLR self-bond) |
| Limited supply | ✗ | an issuer or vote can mint outside the schedule |
| No pre-issuance or developer mint | ✗ | |
| No developer tax | ✓ | |
| No authority that can halt the chain or freeze funds | ✓ | No protocol freeze power located; the Jun 2025 stop was an upgrade outage, not a deliberate halt. |
| No central team | ✗ | Flare Foundation / Flare Labs maintain the only node, flare-foundation/go-flare (an Avalanche fork). |
| Fees under one cent | ✓ | typical fee $0.00008 |
| Payments safe to accept within seconds | ✓ | Snowman consensus gives final blocks about every 1.1-2 s. |
| UTXO ledger | ✗ | |
| Privacy built into the protocol | ✗ | |
| Scalability (fees, throughput, block time, block space) | 7.6 | average of 4 measures source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.00008 |
| Throughput (1,000 transactions a second or more 10) | 10 | 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 |
| Security (9 checks) | 5 | 5 of 9 passed source |
| Miners paid over $1 million a day | ✗ | not mined |
| Miners paid over $100,000 a day | ✗ | |
| Its own hashrate: at least half its algorithm's largest, not merge-mined | ✗ | not mined |
| Largest pool or validator under 50% | ✓ | 4.47% |
| Largest three under 75% | ✓ | 10.87% |
| More than one maintained client | ✗ | 1 |
| Node software is open source | ✓ | Flare Foundation / Flare Labs maintain the only node, flare-foundation/go-flare (an Avalanche fork). |
| Real on-chain use: 1,000+ transactions a day | ✓ | about 574,000 a day |
| No 51% attack or deep reorganisation in five years | ✓ | |
| Decentralisation: who can mint (Source) | 8.6 | Proof of stake: 8.6 of 10 on the ladder of who produces blocks |
| Decentralisation: nodes (Source) | — | Not yet counted |
| Decentralisation: holder concentration (Source) | — | Not yet measured |
| Capabilities (protocol features) | 0 | 0 of 6 passed source |
| Decentralisation | ||
| Network-level privacy: the node hides where a transaction came from (Dandelion++, Tor or I2P, on by default) | ✗ | go-flare (AvalancheGo/coreth fork) gossips transactions directly. |
| Light clients verify payments from headers or proofs, without a trusted server | ✗ | No light-client protocol; wallets trust RPC servers. |
| Scalability | ||
| Pruned nodes: a full node can validate and drop old history | ✗ | The coreth-based go-flare C-chain prunes state only; it has no option that deletes old blocks. |
| Native payment channels or instant payments | ✗ | No payment channels. |
| Security | ||
| Hidden amounts (confidential transactions, RingCT, shielded pools, Mimblewimble) | ✗ | No confidential transactions. |
| Hidden sender and receiver (ring signatures or zero-knowledge proofs, one-time or stealth addresses) | ✗ | No sender or receiver hiding. |
| Issuance | 3.7 | group average |
| 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 |
| Supply & Demand | 4.3 | group average |
| Supply & Demand (Source) | 6.2 | average of 6 measures |
| Exchanges (10 or more: 10) | 10 | 31 exchanges |
| Volume rank among the top 200 | 0 | $962,003 traded in 24 hours; #570 by volume on the exchanges the site reads (ranked 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) | 8.8 | $2,416,998 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 | $538M, 6.8 on a scale of 2.5 points per tenfold |
| Futures exposure (open interest ÷ market cap, less is better) | 9 | perpetual open interest 0.55% of its market cap |
| Supply (smaller is better) | 2.3 | no fixed maximum; 87.6 billion in circulation |
| Record | 6.7 | 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) | 8 | 2 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. |
| Token issuance at protocol level, validated by its own nodes, +2 | ✓ | ERC-20 contracts on its EVM, open to any account. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a new capability for users in two years | – | |
Seventeen criteria, weighted equally. The Cryptocurrency Standards group four parts: properties (ten checks drawn from the Bitcoin whitepaper), scalability (four measures), security (nine checks) and decentralisation (three scales). 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 →