Flare TVS Snapshot

Flare’s latest on-chain snapshot shows a network with roughly $174 million locked in DeFi, but “total value secured” is a different measure: the deposits that would be exposed if an oracle failed. (coingecko.com) (defillama.com) Flare is an Ethereum Virtual Machine-compatible Layer 1 blockchain built around native data feeds, including the Flare Time Series Oracle, or FTSO, for prices and other time-series data. Flare says those protocols are “enshrined” into the chain and inherit the network’s economic security. (github.com) (flare.network) That matters because TVL and TVS are not the same thing. TVL counts assets deposited in apps, while DefiLlama’s oracle page defines TVS as the value in protocols where an oracle failure would put funds at risk. (defillama.com 1) (defillama.com 2) On Flare today, the broad TVL number is about $174.2 million, according to CoinGecko’s chain page. CoinGecko also ranks Flare as the No. 23 blockchain by total value locked. (coingecko.com) The recent climb traces back to stablecoin liquidity. Flare said USD₮0 went live on April 28, 2025, brought $60 million onto the network, and helped overall Flare DeFi TVL jump from about $64 million to more than $124 million by May 5. (flare.network) Flare said Kraken’s integration of USD₮0 then reduced friction by letting users move USDT onto Flare without bridges or third-party platforms. In the same May 12, 2025 update, Flare put combined ecosystem TVL at $155.6 million. (flare.network) The network’s biggest apps absorbed much of that growth. Flare said SparkDEX reached $45 million in TVL within a week of USD₮0’s arrival and then $63 million two days later, while Kinetic hit $64 million in total protocol TVL in that first week. (flare.network) Enosys is smaller, but still large enough to show how concentrated deposits can be on a young chain. DefiLlama tracks Enosys at roughly $27.5 million, with separate pages for Enosys, Enosys Loans, and Enosys AMM V2. (defillama.com 1) (defillama.com 2) (defillama.com 3) Sceptre shows another layer of how Flare’s capital gets reused. Its liquid-staking product turns FLR into sFLR, which Sceptre says can then be used across Kinetic, Enosys, SparkDEX, Blazeswap, and other Flare apps. (sceptre.fi) That reuse is useful for capital efficiency, but it also means one token can sit underneath several positions at once. Flare’s white paper says FLR and liquid-staking representations can be used as collateral in applications, while wrapped FLR is used for delegation and other programmable functions. (flare.network) So a Flare TVS snapshot is best read as a risk map, not a safety certificate. It shows where deposits and oracle dependencies are concentrated on one day, while the bigger story is that Flare’s DeFi base expanded fast after USD₮0 arrived and is still clustered around a handful of protocols. (defillama.com) (flare.network)