Flare Network's total value locked (TVL) has skyrocketed by over 160% in just ten days, jumping from $45 million to more than $120 million since April 28, 2025. This dramatic increase is fueled by the adoption of USDT0, a newly launched cross-chain stablecoin that allows seamless and fee-free transfers between multiple networks—including Ethereum, Arbitrum, Ink, Berachain, and Optimism. The integration with Stargate Finance further enhances Flare's cross-chain liquidity.
USDT0's launch has been bolstered by the 'USDT0 Boost' program, which offers high APY incentives (up to 30%) to liquidity providers on Flare decentralized exchanges. The effect has been a surge in DeFi activity, increased user confidence, and deepened liquidity on the platform.
In addition to its TVL growth, Flare has expanded user engagement with DeFi gamification initiatives like Flare Fair (offering rewards such as rFLR and FlareDrops) and the recent introduction of XRPFi, which brings DeFi utilities like staking and lending to XRP holders. Technical enhancements are also underway, with a scheduled hard fork (v1.10) on May 13, 2025, aligning Flare with Avalanche's base code to improve security and performance. On May 5, Flare announced USDT0's direct tradability on Kraken, further increasing its exposure and ecosystem adoption.
Overall, these developments signal Flare's ongoing evolution as a significant player in the DeFi sector, with both user incentives and technical upgrades paving the way for future growth.