Flare (FLR) price surges 20% despite market downturn: did the $134B XRP yield disclosure spark the rally?

Cryptocurrencies displayed bearishness today as Bitcoin hovered around the $97,000 region.

With most tokens trading in the red, Flare’s impressive performance over the past day attracted the attention of crypto enthusiasts.

FLR jumped from its 24-hour low of $0.01916 to a $0.02299 peak – a 19.99% gain.

Flare co-founder’s announcement about yield reward on staked XRP contributed to the altcoin’s upswing.

Moreover, the L1 platform announced the Flare Fair launch today, magnifying FLR’s bullish prospects.

Hugo Philion highlighted an approaching yield maturity worth $134 billion on the platform’s XRP staking program and FXRP.

Notably, this is Flare’s initial yield since its Open Beta went live in December 2024, with FXRP launching on Songbird.

Flare CEO renews optimism with yield announcement

Hugo Philion’s revelations sparked discussions over impending yield rewards.

While some expressed optimism, some demanded more clarity.

For instance, one enthusiast wanted to know the source of the yield. Philion explained:

For FXRP it comes from Dex LP’ing and lending. For native staked XRP it comes from providing XRP to secure services, for example, an oracle network or a decentralized AI protocol.

Flare launched FXRP – XRP’s tokenized version – on Songbird, introducing programmable opportunities for cryptocurrency projects with compatible issues when integrating with smart contracts.

Flare Network confirmed that its layer1 programmable network would focus on data handling.

Further, they highlighted FXRP as a DeFi-enabled product linked to XRP.

Flare Fair goes live

The project unveiled the Flare Fair launch on Friday, opening new opportunities for newbies and experienced market players.

The gamified virtual product will boost Flair’s potential within the DeFi sector and enhance user experience with rewards such as FlareDrops, high-yield APRs, and rFLR emissions.

Fair operates in stages and will continuously introduce new tasks, decentralized applications, and themed virtual trips.

Enthusiasts can unlock more rewards through supplying liquidity, lending, and staking.

Top-notch transaction speeds, heightened incentives, and low fees make Flare Fair a perfect entry point for newbies and experts interested in lucrative opportunities.

FLR price outlook

The token maintained bullishness at press time, changing hands at $0.02212 after sliding from daily highs.

The massive surge in daily trading volume indicates trader optimism behind FLR, signaling an upward continuation.

The impending XRP yield on the Flare Network and the newly launched Flare Fair contribute to FLR’s impressive performance.

However, broad market sentiments are crucial in determining the alt’s near-term trajectory.

Digital assets remained indecisive amid tariff-driven uncertainty.

Meanwhile, Flare continues to cement its status in the DeFi sector, positioning FLR for robust growth in the future.

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