NotYourAverageJoe

$FXRP is compounding: FAssets TVL sits at $177.08M, up from $5.6M at launch. That is 32x in 10 months. Flare chain DeFi holds another $121.44M. $FLR trades at $0.006645. Growth like this rarely stays quiet. (data: DefiLlama, CoinGecko) @FlareNetworks

Another major piece of FIP.16 is live. Today's hard fork raises the base gas fee to 500 gwei (from 25). Every transaction now burns more flare-networks:native, and validator capacity rises to 300M FLR. What's next: ☀️ FDC request fees begin flowing to FIRE: 90% direct, 10% distributed alongside inflation. ☀️Vote power recalculates, with P-chain stake weighted 5× delegation. Stake placed now is already counted when the new calculation goes live.

Many think that Flare only thinks about DeFi for tokens without smart contracts. Not so - we also have a firm eye on the future. The furore around what AI companies are doing with customer data is the perfect example of something where Flare Confidential Compute can be applied.

@coinbureau How is this a dex

🚨ROBINHOOD CHAIN JUST FLIPPED HYPERLIQUID IN DEX VOLUME Robinhood Chain processed more than $560 MILLION in DEX volume over the past 24 hours, setting a new all-time high and overtaking Hyperliquid. Daily active addresses surged toward 200,000, with over 140,000 first-time users, while nearly 16,000 new tokens launched in a single day.

Flare Confidential Compute (FCC) ends the bridge-or-nothing tradeoff for XRP and Bitcoin. Yes, @FlareNetworks smart contracts can now sign real, native transactions on XRPL and BTC inside TEEs. Confidential logic + automated execution on chains that were never programmable. That combination doesn’t exist anywhere else. If it ships, Flare becomes the execution layer for native XRP and BTC liquidity that wants to stay home and still move. Check out my deep dive for FCC below ⤵

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.

$840M+ USDT0 has moved onto @FlareNetworks - a chain purpose-built for data intensive use cases. When an AI agent uses Flare Time Series Oracle to make a decision, USDT0 is already there to settle the payment that follows. Data and dollars, on the same network.

You can't be more retarded if you tried. @elonmusk selflessly proposed for anyone to create a detailed and public plan to solve world huger. Anyone had the opportunity to fomulate it. What happened? Silence. It is his money, he has worked hard for it and he can do why he wants with it. He is one of the smartest individuals alive, world hunger is not his calling. If anyone can push us forward towards interplanetary travel and technological advancements that we as a human race could only dream of achieving to further push our existence past the reliance of earth it will be him. That is saving the lives of countless races and species. There are countless wealthy individuals and global superpowers who can help with the poor and less fortunate. He is fixing a much larger problem that yourself and everyone else who thinks this way simply cannot comprehend.

Elon Musk dismantled USAID programs that provided lifesaving assistance to millions of the world’s poorest and most vulnerable people. The human cost was enormous, while DOGE’s net fiscal impact was inconsequential. Now, as Musk approaches trillionaire status, he should commit/tithe at least $100 billion to a fund dedicated to combating extreme poverty, hunger, preventable disease, and humanitarian crises worldwide. Money alone cannot undo the damage already done. But if this moment marks an unprecedented personal financial milestone, it should also be an opportunity for an unprecedented act of restitution. Musk has the resources to save and improve countless lives. He should use them.

Flr monthly supply inflation post monthly flare drop and fip16 has largely plateaued and will flatten out as the market expands. Beyond that you can expect this to invert with total supply decreasing over time in spite of inflation as network activity increases with adoption.

@Motor1com This is potentially one of the worst things I have ever seen

More pics!

@FlareNetworks @HugoPhilion recently sat down with @RealAllinCrypto for a discussion on Flare, XRPFi, and what's ahead for the network. Check it out and let us know your favorite part 👇youtube.com/watch?v=95iyBm…

Good digging @KingKaranCrypto on the reach of the listed $FLR ETP.

@SenseiNode @aucc_official @BifrostWallet Just sent!

@QuantNetworkDev @aucc_official @BifrostWallet Send us a DM with your address

If you held an active stake during epochs 398–401, you can now claim your rewards. This is the first full batch of staking rewards with the reduced inflation rate applied. A further change is coming that increases the weighting of P-Chain stake, which will affect returns again.

@aucc_official @SenseiNode @BifrostWallet yea that's the one I'm currently staked with. Same one I was also staked with for the past 2 staking periods. I went away recently so I staked to this node for an extended period of time. It expires in 7 days 11 hours

@QuantNetworkDev @SenseiNode @BifrostWallet Is that the one you’re staked with? When does your stake expire?

Yea not sure why this is the only node that appears for sensei. 2 staking cycles ago I did receive some rewards, about half of what I normally do which I thought was odd then nothing last staking cycle. Usually with filled nodes with bifrost it would just be greyed out like you see below.

@QuantNetworkDev @SenseiNode @BifrostWallet Thanks for confirming. It’s likely the working node isn’t displayed as it’s full.

@aucc_official @SenseiNode @BifrostWallet I would be happy to share my staking address with youif possible

@aucc_official @SenseiNode @BifrostWallet 100% confirmed it is the node ending GbxRtu2

@0xQuantic Are you guys using this kinda stuff internally on new and existing projects?

Why did Hermes get so popular? Because it works like an operating system for AI agents. Instead of just chatting with a model, it takes messages from different places like a terminal, API, messaging app, webhook, or scheduled job, sends them into one main conversation loop, adds the right context and memory, chooses a model, lets the agent use tools like files, browser, terminal, research, messaging, or subagents, checks security rules, saves what happened, and then returns the result. It turns an AI model into a working assistant that can remember, act, use tools, connect to services, and run repeatable workflows.

@SenseiNode @aucc_official @BifrostWallet The issue is when selecting senseinode on Bifrost wallet, there are no options for multiple nodes. The name just comes up once and the one option shows an active validator but in reality when staking to it it’s the inactive validator. @BifrostWallet can you guys look into this?

Unfortunately you can still delegate to a validator regardless that it is offline and there is nothing we can do to prevent, it other than make sure that on the explorer is clearly identified as offline and communicate on the ecosystem channels its status. We are not sure about the workflow on BitfrostWallet but certainly it is possible to know if a validator is online or not on Flare network.