🚨 My Thoughts on $FLR Price: Past, Present & What's Next.. 🤯
This article will be my BIGGEST article I published so far.
If you hold $FLR and you follow @FlareNetworks, this is the best article you will EVER read.
Read it here below! 👇
@jungleincxrp Interesting trend.
However, @FlareNetworks will break that trend Jungle. When the FCC and $FBTC goes live REAL demand for DeFi products will pull massive $BTC from circulation.
A "NEW" explosive price action is met with Clarity. Save this tweet.
STP. 13 is one to watch closely. ✍️
Once approved, it brings Flare Confidential Compute to Songbird, including the foundations for Protocol Managed Wallets and FDC v2.
For builders, this is about new primitives: verifiable private compute, cross-chain execution, and faster attestations.
A key step toward Flare 2.0.
Most people went quiet on $FLR because the price is low.
I'm getting even LOUDER.
You can NEVER take my confidence away after hundreds of hours of research into Flare.
When sentiment flips and the price moves, everyone will remember who had conviction when nobody else did.
Issuance is easy.
Programmatic control over the represented asset is the hard part. Custody of the keys, confidential compute, external-chain action, proof it happened, and rails that keep it liquid and usable.
That's what FCC handles.
🏛️ RIPPLE IS OFFICIALLY MiCA COMPLIANT. 🚨
@Ripple secured their CASP license in Luxembourg on June 23.
30 European countries.
Full regulated payment services.
One $XRP infrastructure.
83% of EU crypto firms couldn't even get licensed.
Let that sink in..
Markets are down bad everywhere, but Flare has never had more utility, stronger value accrual strategy or more room to grow.
Project that into the next parabolic cycle.
This is why I'm still HERE with the Flare community, pushing content on a daily basis ever since I realized Flare's endgame.
@HugoPhilion and the Flare team are increasing $FLR utility and developing technology to attract financial institutions to the network while crypto sentiment is bad.
I really like the comparison Hugo makes about Amazon because it's true. While everyone was focusing on the Amazon stock and the internet bubble, Amazon's revenue was great, and they built great utility just like Flare today.
And you can guess what happened after the crash with Amazon.. 👀📈
I will be personally (nothing to do with Flare Foundation) providing the self bond to a good validator so they can stay in the system and not have to abandon their hard work.
🔥 The total number of FLR burned on #Flare is: 4,129,242,454 (dEaD address) and SGB burned on #Songbird is: 557,172,568 consisting of 551,426,398 (dEaD address) and 5,746,170 (original burn address) 🔥 🤖 #dEaD#FLRBurned
The good news is @FlareNetworks has been building the XRPFi consistently for over a year now, and the concept has proven itself.
Over 150m $XRP are now present on Flare, making Flare the only network to secure the XRPFi ecosystem.
What has been live on Flare?
+ FAssets that turn XRP into FXRP - the composable version of XRP within DeFi
+ A wide adoption ecosystem partnering with @Firelightfi, @kinetic_xyz, @Morpho, @squidrouter, @DCENTWALLETS, @XamanWallet, @upshift_fi and many other
+ Latest upgrade of FAsset v1.3 that speeds up the process of minting FXRP
+ FIP.16 passed, leading to a $FLR inflation drop from 5% to 3%
All seem to prove that Flare is on the right path to connect every piece in the bigger picture - involving the institutions in the XRPFi race. To make it come true, Flare 2.0 is the answer.
1. Flare 2.0 - the path to institutional XRPFi
The current state:
@XRPLF has quietly become one of the biggest venues for real-world asset issuance with billions in tokenized treasuries, credit, and other RWAs.
However, XRPL was never built to be programmed.
➜ That's the gap Flare is mending, as the cofounder of Flare, Hugo Philion, mentioned: "XRPL is the layer where assets get issued, Flare acts as the compute layer."
Flare 2.0, is the solution of Flare to solve this problem, starting with a major infra upgrade - Flare Confidential Compute (FCC).
2. Flare Confidential Compute
In short, FCC introduces privacy on Flare, giving institutional funds a guarantee.
FCC is the infra layer that gives on-chain apps access to TEEs - the hardware-isolated environments that can run confidential logic, hold secret keys, and handle heavier compute than smart contracts alone can manage.
Flare will first land FCC on Songbird (their canary network) as the first end-to-end deployment of what they call Flare 2.0.
What is FCC shaped with?
+ smart contracts that coordinate TEE execution on-chain
+ data providers acting as relayers through FDC-V2, Flare's upgraded attestation layer
+ TEE machines that run the confidential workloads and return signed, verifiable results
Skip the raw tech side; let's shift your focus to the real use cases that common users can experience.
3. Upcoming primitives on Flare 2.0
3.1. Faster FAssets minting and redeeming (FAssets v2)
There're 2 factors that affect this speed:
+ FDC-V2 (Flare Data Connector V2) replaces batch-based attestations with individually handled requests
+ FCC removes collateral trust, enabling TEE-enforced correctness; minting/redeeming time reduces from minutes to seconds (10-20s)
➜ more efficiency in time and in capital usage.
3.2. Confidential DeFi
Large funds (from institutions, banks or any giants) will love Flare 2.0 due to:
+ Private orderbooks
+ Compliance execution
+ Favored agreement on large dep
This is why Flare 2.0 is friendlier for institutional funds.
3.3. Expandable options for ledgers
Higher privacy opens the gate for automated dApps to run on users' wallets, using the Protocol Managed Wallets (PMW) applications.
fyi, this primitive is still under development on EVM wallets, now wallets on Flare are able to catch it up.
In conclusion, here're the key takes:
+ Flare 2.0 is one of the biggest update so far on the XRP-centric network.
+ It starts with FCC, delievering the framework on Songbird first.
+ The 2 first applications that run on FCC are PMW (focusing on in-wallet automated functions) and FDC-V2 (focusing on FAssets minting/redeeming)
And the FIP will be opened for voting from Jul 6 to Jul 13. Stay focused.
Cycles are interesting in that they have zero regard for reality. Vs even 1 year ago Flare is in an inconceivably better utility position. More is coming with Flare 2.0, further expansion of XRPFi, the coming onboarding of meaningful institutional partners (finally), FSA is working to abstract away complexity, FIRE and FIP16 change the token economics for the (vastly) better. And those are just the things that we can discuss publicly. Almost everything we have set out to do is being done (barring adding more FAssets - in the works) and by and large it’s working.
But if you look at the whole crypto market you would think the whole industry is finished - despite more institutional interest and greater clarity than ever before.
Unfortunately cycles are a fact of life, even Amazon had a 94% peak to trough drawdown when the .com cycle burst - but the internet didn’t go away nor did Amazon and neither will crypto and certainly not Flare - which presents more utility than almost anything else in the market.
Every cycle teaches the same lesson, and every time we forget it: near the bottom it always feels like the end, but it never is.
I believe that we're closer to the turn than the mood would have you believe. The roadmap ahead is the thing we're here for. At Flare we trust in the process to ship great product - knowing that is the only true path to winning. Flare will emerge from this brutal winter fighting fit and offering more than ever for the next cycle.
When I tell you $flr has theeeee best community since I've been in crypto, it ain't even close!!!
What other CEO would hold their validators down when they need a helping hand? Literally show me!??!? Whooooo??
Amazing 💯💯💯💯💯💯