Flare is an EVM-compatible Layer 1 blockchain designed for decentralized data acquisition, featuring native oracle protocols FTSO and State Connector that provide data as a public good. Flare enables smart contracts to securely access cross-chain data from Bitcoin, XRP, Dogecoin, and other non-smart contract blockchains, plus real-world information from web APIs. The network's FAssets system allows over 70% of blockchain assets without smart contracts to participate in DeFi, unlocking liquidity for XRP and other major cryptocurrencies through trustless, collateralized tokenization.

By using branching protocols instead of rollbacks and rewarding data providers through native inflation, Flare eliminates centralized oracle dependencies while maintaining blockchain finality. Flare benefits DeFi developers seeking reliable price feeds, projects building cross-chain applications, and XRP holders wanting to use their assets productively in decentralized finance without custodial bridges or centralized intermediaries.