- Flare price rose sharply as altcoins continued to steer bullish with Ethereum, XRP and Solana up.
- The FLR token was up 25% as bulls pushed from lows of $0.02089 to highs of $0.02722.
- With DeFi and broader market resilience, Flare could target a new all-time.
The cryptocurrency market continues to trend bullish as top altcoins see gains, but not many can match Flare (FLR)’s explosive 25% outperformance in the past 24 hours.
FLR’s gains dwarf those of key 24-hour performers Pudgy Penguins, Worldcoin and PancakeSwap.
The token traded around $0.2702 at the time of writing, with daily volume up 457% to over $98 million.
Open interest on Coinglass showed a 35% increase to $11.8 million.
Flare price: is FLR poised for a new peak?
As Ethereum holds firm above $3,600 and Solana consolidates gains above $200, renewed optimism has emerged around Flare (FLR).
FLR has surged from intraday lows of $0.02089 to as high as $0.02722, marking one of the strongest performances among major cryptocurrencies.
The rally has pushed Flare into the 57th spot by market capitalisation, placing it among the top gainers within the 100 largest digital assets.
With total value locked, transaction volume and overall DeFi growth on the uptick, is this spike in FLR price the beginning of a major flip to a new all-time high?
Per data from CoinMarketCap, Flare reached the all-time peak of $0.0797 in January 2023.
FLR price is up nearly 50% in the past week and 63% in the past month.
Much of the enthusiasm and bullish forecasts for Flare are down to the project’s innovative DeFi approach.
Asset bridging has caught the market’s attention with recent integrations and mega incentives.
Growth hits different when it’s built on real infrastructure and accelerated by community and culture.
Flare’s not trending. It’s unfolding ☀️
— Flare ☀️ (@FlareNetworks) July 23, 2025
DeFi on Flare gains traction
Flare’s latest price pump comes in a month where the project unveiled a massive $2.2 billion incentive program for its FAssets.
The target is explosive growth in Flare’s DeFi share with cross-chain liquidity and TVL.
Interest has also jumped amid the integration of XRPFi, a DeFi initiative targeted at tapping into XRP on the network.
This is what…