Flare (FLR), the native token of the Flare Network, an EVM-based Layer 1 that provides developers with high-integrity data from other chains and the Internet, saw a huge price surge in the previous 24 hours. Flare rose as much as 20% before experiencing profit-taking.
Flare (FLR), the native token of the Flare Network, an EVM-based Layer 1 that provides developers with high-integrity data from other chains and the Internet, saw a huge price surge in the previous 24 hours. Flare rose as much as 20% before experiencing profit-taking.
Flare saw a significant surge on January 15, shortly after news of their major partnership emerged.
Flare has announced the addition of Google Cloud as an infrastructure provider, acting as a network validator and contributor to the Flare Time Series Oracle (FTSO) on the Flare network. This implies that it will retrieve data from external sources and send it to the FTSO system, in addition to offering Flare smart contracts with decentralized data sources.
Currently, 100 organizations are adopting the new combined FTSO validator and contributor role on Flare, supporting both the security of the Flare network and Flare’s decentralized price oracle, the FTSO, with publicly available price data.
Subsequently, FLR produced a huge green candle on January 15, hitting highs of $0.0246 from lows of $0.017.
At the time of writing, Flare had given up all of its gains, up just 2% in the last 24 hours to $0.02.
According CoinMarketCap According to data, the trading volume of Flare (FLR) has increased by 400% in the last 24 hours, reaching over $110 million. This implies increased market activity and increased interest in the coin, as more investors buy and sell FLR on exchanges and platforms.
This increase in trading interest may also have contributed to FLR’s price increases over the past 24 hours.
