Gate News Bot message, July 23, according to CoinMarketCap data, as of the time of writing, FLR (Flare) is currently priced at $0.02, with a 14.64% rise in the last 24 hours, reaching a high of $0.03 and a low of $0.02. The current market capitalization is approximately $1.696 billion, an increase of $217 million compared to yesterday. Flare is a full-stack layer one solution designed for data-intensive use cases. It is EVM compatible and utilizes a proof of stake ( PoS ) mechanism to ensure significant and consistent economic security. The core protocol of Flare is integrated into the blockchain, inheriting the economic security of the entire network. Important news about FLR recently: 1️⃣ **FLR token hits a new weekly high** The FLR token has recently performed strongly, with its price breaking through previous resistance levels and reaching a new high for the week.