Evolution from the Spark Concept to Data Blockchain

25 events

1. 2019

   Founding of Flare

   Hugo Philion (CEO), Sean Rowan (CTO), and Naïri Usher (Chief Scientist) founded Flare.

   Announcements

   The founding team combined backgrounds in quantitative finance, machine learning, and quantum computing. The vision was to connect non-smart contract chains (starting with XRP, followed by LTC, DOGE, and BTC) to a trustless, programmable EVM environment. In Nov 2019, Ripple's investment arm Xpring (now RippleX) announced its backing.Source: Official Disclosures / Press

2. August 2020

   Public Announcement of Spark

   Flare introduced its native token 'Spark', designed to bring Turing-complete smart contracts to XRP.

   AnnouncementsTokens

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3. Dec 12, 2020

   The XRP Ledger Balance Snapshot

   A balance snapshot across the XRP Ledger was taken to establish initial distribution eligibility for Spark.

   Tokens

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4. September 2020

   Testnet Named 'Coston'

   The initial testnet was named after Martha Jane Coston, inventor of maritime signal flare cartridges.

   Network

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5. Sep 16–17, 2021

   Songbird Canary Network Launches

   Canary network Songbird went live in Observation Mode with native token SGB.

   Network

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6. Sep 27, 2021

   Songbird Exits Observation Mode

   Initial observation ended, advancing to protocol-level testing.

   NetworkTech

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7. July 14, 2022

   Flare Mainnet Genesis

   Flare mainnet booted in Observation Mode; 100 Billion FLR minted at genesis.

   Network

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8. October 2022

   Rebranding from Spark to FLR

   Native token terminology officially transitioned from Spark to FLR.

   Tokens

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9. Jan 9, 2023

   Token Distribution Event (TDE)

   15% of the public distribution (~4.28B FLR) was disbursed to 2020 snapshot participants.

   Tokens

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10. Jan 15, 2024

    Google Cloud Joins as Validator & FTSO Provider

    Google Cloud began operating a network validator and FTSO price oracle provider on Flare.

    EcosystemTech

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11. June 2024

    FAssets Open Beta on Coston

    FTestXRP minting and redemption opened to community users on the Coston testnet.

    FAssetsTech

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12. October 2024

    Backer Token Monthly Burns Begin

    Commenced monthly burns of ~66.29M backer FLR tokens from Oct 2024 through Jan 2026.

    Tokens

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13. Dec 18, 2024

    FXRP Goes Live on Songbird

    Canary testing of FXRP commenced on Songbird as the first live FAsset.

    FAssets

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14. March 2025

    Flare 2.0 Vision Unveiled

    Announced expansion into confidential compute and off-chain execution using TEEs and FDC.

    AnnouncementsTech

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15. April 2025

    USD₮0 Deploys on Flare

    Native stablecoin USD₮0 launched, with TVL rising from ~$37M to over $120M within two weeks.

    Ecosystem

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16. May 14, 2025

    FAssets v1.1 & Core Vault on Songbird

    Introduced Core Vault multi-sig custody, lifting mint limits and improving agent capital efficiency.

    FAssetsTech

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17. July 1, 2025

    FAssets Incentive Program

    Announced a ~2.2 Billion FLR (rFLR) incentive initiative to accelerate FXRP liquidity.

    FAssetsEcosystem

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18. Sept 24, 2025

    FXRP Launches on Flare Mainnet

    FAssets officially went live on mainnet; the initial 5M FXRP cap filled in ~4 hours.

    FAssets

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19. October 2025

    Xaman Wallet Integration Expands XRPFi

    Integrated direct 1-click FXRP minting for XRP holders natively inside the Xaman wallet.

    EcosystemFAssets

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20. December 2025

    Firelight Liquid Staking for FXRP

    Activated liquid staking vaults enabling yield generation on deposited FXRP.

    FAssetsEcosystem

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21. Jan 30, 2026

    FlareDrops Conclude

    The 36-month FlareDrops program established in FIP.01 successfully completed.

    Tokens

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22. April 24, 2026

    FIP.16 Passes (Inflation Cut to 3% & FIRE Buybacks)

    Lowered inflation cap from 5% to 3% (3B FLR/yr max), increased gas burns 20x, and routed fees to FIRE.

    GovernanceTokens

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23. May 2026

    FAssets v1.3: Direct Destination Tag Minting

    Enabled direct FXRP minting from centralized exchanges via XRPL Destination Tags.

    FAssetsTech

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24. June–July 2026

    Governance Vote to Deploy FCC on Songbird

    Staged Flare Confidential Compute deployment on Songbird through governance.

    TechGovernance

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25. Sept 24, 2026

    FXRP Mainnet 1-Year Anniversary

    ~145.2M FXRP minted with over ~130M actively deployed across DeFi protocols.

    FAssetsEcosystem

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