Flare Network Leverages LayerZero to Connect with 75 Blockchains

Data-focused blockchain Flare has integrated with the cross-chain messaging platform LayerZero to offer decentralized data across 75 blockchains, including Ethereum and Solana.

Users will now be able to use the data available on the 50,000 dApps that Flare hosts across a variety of ecosystems.

“This is an incredibly valuable integration for all users and builders on Flare,” said Hugo Philion, CEO of Flare Network. “Deployment of LayerZero V2 will help accelerate Flare’s expansion, paving the way for builders to develop a wide variety of innovative, interoperable products. The opportunity for Flare to serve as a highly secure DVN on LayerZero V2 is of particular interest.”

Although Flare shows a meager $9 million in total value locked (TVL) on DefiLlama, the network has enjoyed a significant increase in usage since September 2023, when TVL hovered around $40,000.

Flare

**Flare Network Leverages LayerZero to Connect with 75 Blockchains**

Data-focused blockchain Flare has integrated with the cross-chain messaging platform LayerZero to offer decentralized data across 75 blockchains, including Ethereum and Solana.

Users will now be able to use the data available on the 50,000 dApps that Flare hosts across a variety of ecosystems.

“This is an incredibly valuable integration for all users and builders on Flare,” said Hugo Philion, CEO of Flare Network. “Deployment of LayerZero V2 will help accelerate Flare’s expansion, paving the way for builders to develop a wide variety of innovative, interoperable products. The opportunity for Flare to serve as a highly secure DVN on LayerZero V2 is of particular interest.”

Although Flare shows a meager $9 million in total value locked (TVL) on DefiLlama, the network has enjoyed a significant increase in usage since September 2023, when TVL hovered around $40,000.

Trustless

Flare ($FLR) claims to be the blockchain for data, providing devs with secure, decentralized access to high-integrity data from other blockchains and the internet. Flare is an EVM smart contract platform with two enshrined data acquisition protocols: FTSO and Data Connector.

FTSO
The Flare Time Series Oracle is a native oracle for time series data such as cryptocurrency prices. Providing applications on the Flare network with rapidly updating and highly decentralized data, no single party is in control of the process and takes a very large amount of effort to disrupt.

Data Connector
The FLR Data Connector is able to reach consensus on information from external blockchains and the internet, so that it can be used securely and trustlessly by smart contracts on Flare.

Important features that allow Flare to “expand the utility of blockchain” include:
Decentralized bridging
State acquisition from connected chains
Web2 data APIs
Enshrined oracles
Data access for free

The Flare ecosystem includes notable names such as Google Cloud, Fireblocks, Blockdaemon, Ankr, Arkham, and Covalent. Their social media is impressive and covers almost every channel, from Reddit to IG.

The June Ecosystem Recap on Twitter Spaces can be found here: https://x.com/i/spaces/1ynJOyBzVLWKR

Overall exciting project with good progress in dictators, but nothing that screams unique value proposition like other data-centric projects such as Supra or Nillion.

Flare ($FLR) claims to be the blockchain for data, providing devs with secure, decentralized access to high-integrity data from other blockchains and the internet. Flare is an EVM smart contract platform with two enshrined data acquisition protocols: FTSO and Data Connector.

**FTSO**
The Flare Time Series Oracle is a native oracle for time series data such as cryptocurrency prices. Providing applications on the Flare network with rapidly updating and highly decentralized data, no single party is in control of the process and takes a very large amount of effort to disrupt.

**Data Connector**
The FLR Data Connector is able to reach consensus on information from external blockchains and the internet, so that it can be used securely and trustlessly by smart contracts on Flare.

**Important features that allow Flare to “expand the utility of blockchain” include:**
- Decentralized bridging
- State acquisition from connected chains
- Web2 data APIs
- Enshrined oracles
- Data access for free

The Flare ecosystem includes notable names such as Google Cloud, Fireblocks, Blockdaemon, Ankr, Arkham, and Covalent. Their social media is impressive and covers almost every channel, from Reddit to IG. 

The June Ecosystem Recap on Twitter Spaces can be found here: https://x.com/i/spaces/1ynJOyBzVLWKR

Overall exciting project with good progress in dictators, but nothing that screams unique value proposition like other data-centric projects such as Supra or Nillion.

Flare FLR