Flare Tokens Airdropped to XRP ( $1.41 ) Holders After Two Years; FLR Price Plummets 70%

Flare, which initially aimed to become a decentralized finance (DeFi) application that utilized XRP ( $1.41 ) tokens, has gradually transitioned to a layer 1 blockchain and oracle provider. Layer 1 refers to base blockchains, such as Ethereum ( $2,281.63 ) or Solana, while oracles are third-party services that fetch data from outside a blockchain to within.