In the last day, there has been a significant increase in the price of Flare (FLR), the native token of the Flare Network, an EVM-based layer-1 that offers developers high-integrity data from other chains and the internet. Up to 20% of flare was up before profit-taking occurred.
Shortly after the announcement of its big agreement, on January 15, Flare saw a notable surge.
As a network validator and contributor to the Flare Time Series Oracle (FTSO) on the Flare network, Flare has announced the inclusion of Google Cloud as an infrastructure provider. This suggests that it will provide Flare smart contracts with decentralised data feeds and retrieve data from other sources to submit to the FTSO system.
Currently, 100 organisations are accepting the new position of combined validator and contributor to the Flare FTSO, providing publicly available pricing data to support the FTSO and the network security on Flare.
On January 15, FLR then created a big green candlestick, going from lows of $0.017 to highs of $0.0246.
As of this writing, Flare has lost all of its gains and was only up 2% to $0.02 over the previous day.
The trade volume of Flare (FLR) has surged by 400% in the last day to reach over $110 million, according to CoinMarketCap statistics. Since more investors are buying and selling FLR on various platforms and exchanges, this suggests greater market activity and interest in the coin.
The price rises of FLR during the last day may have been influenced by this spike in trading activity.
