Flare, a blockchain network focused on data, is expanding its decentralized finance (DeFi) ecosystem. The network provides decentralized access to data from other chains and the internet through its oracles. Flare has seen significant growth in partnerships and integrations, with a total value locked of $20.75 million and 1 million active wallets. The network plans to launch FAssets, overcollateralized bridges for non-smart contract tokens, on its Songbird canary network in December. Flare also aims to make its DeFi ecosystem safe by integrating with monitoring services. Additionally, the network is exploring the use of Trusted Execution Environments (TEEs) to process large amounts of data more efficiently. Flare is planning a hackathon to develop an integrated TEE for the platform.



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