Odaily Star Daily News, Flare Network stated in an article on X platform that it has burned 66 million FLR Tokens (about 1.4 million US dollars), and its goal is to accumulate 2.1 billion Tokens by 2026. This will further reduce the circulating supply, including transaction fees and unclaimed rewards.

DWF Liquid Markets has launched trading pairs ZERO/USDT, FLR/USDT, VIC/USDT, SAROS/USDT, TRAC/USDT, MAPO/USDT, and ZENT/USDT, according to official sources.

Golden Finance reported that Maelstrom Fund, a cryptocurrency investment fund operated by the Arthur Hayes family office, stated that Flare (FLR), a competitor of Chainlink (LINK), is currently "potentially undervalued". Maelstrom Fund believes that the Fully Diluted Valuation (FDV) of FLR is currently about 23% of Chainlink's, with project integration being less than 10% of what Chainlink has on the Ethereum-based projects. However, unlike other oracle providers such as Pyth Network, Flare can build its own native ecosystem. Chainlink has many shortcomings in terms of latency and high throughput use cases, while Pyth has left many gaps in the general applicability across use cases. Flare combines the aforementioned features with L1 functionality to give it a unique position. If Flare reaches 50% of Chainlink's Fully Diluted Valuation, the FLR token could rise by approximately 2.2 times, and if it reaches 75%, it could rise by 3.3 times.

Flare blockchain announced on social media that it has burned another 66 million FLR, with a total burn amount exceeding 1 billion FLR.

Songbird (SGB) is a digital currency project based on the Flare network, serving as a testbed for the Flare mainnet. Its goal is to break down the barriers of blockchain through seamless cross-chain communication and interaction. The core features of Songbird include F-Assets, Spark (FLR) distribution, and governance under the PoS consensus mechanism. In the future, Songbird is expected to achieve greater impact by improving the utility of XRP and enhancing blockchain security. Despite significant price fluctuations, Songbird has unlimited potential and is worth continuous attention.

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PANews News on February 24, according to official news, Flare announced that it has reached an agreement with some early supporters, which will reduce excess liquidity of FLR, increase capital inflows into the Flare Decentralized Finance protocol, and bring new investment to Flare ecosystem projects. Backers voluntarily extended their Token vesting period from 2024 to Q1 2026 and agreed to limit Token Sales to 0.5% of average daily trading volume over 30 days. To support the continued growth of the ecosystem and provide additional incentives for builders, backers have also committed to reinvest at least 50% of all Token sale proceeds into Flare ecosystem projects over the next two years. At current market valuations, a potential reinvestment in the ecosystem would amount to $35 million.

🔝Gate.io Top 5 Coins with the Highest 24h Trading Volume $ETH$ 111.7 M $BTC$ 105.93 M $LINK$ 13.1 M $FLR$ 10.1 M $BERRY$ 7.56 M More: https://www.gate.io/trade

🌟 Gate.io 24H Top 5 Volume Coins [February 6]🌟 $ETH$ 111.7M $BTC$ 105.93M $LINK$ 13.1M $FLR$ 10.1M $BERRY$ 7.56M 💎Find More: https://www.gate.io/trade

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🌟 Gate.io 24H Top 5 Volume Coins [January 16]🌟 $BTC$: 139.87M $ETH$: 99.12M $NADA$: 24.58M $FLR$: 16.2M $BABYGROK$: 13.46M 💎Find More: https://www.gate.io/trade

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Flare Blockchain said on social media that Flare will burn 2.1 billion FLRToken to support ecosystem health, according to Golden Finance. More than 2% of the total FLR supply will be permanently withdrawn from circulation, preventing community Token holdings from being diluted and increasing the incentive for new users to join the network.

According to Golden Finance, the Flare blockchain said on social media that FLR staking reached new heights, staking more than 2.8 billion tokens in 60 days. The FTSO system remains robust, with more than half of the circulating FLR supply entrusted to FTSO data providers.