Staked supply nearly doubles since FIP.16 announcement Flare Network's total staked supply has hit 20 billion $FLR, according to @FlareNetworks Chief Product Officer Filip Koprivec (@j00sko).
Flare Network's total staked supply has hit 20 billion $FLR, according to @FlareNetworks Chief Product Officer Filip Koprivec (@j00sko). That figure has climbed from roughly 11 billion since FIP.16 was first announced in March, putting staked tokens at around 23% of the 86.9 billion $FLR currently in circulation.
The milestone reflects a sharp shift in holder behaviour following the network's most significant tokenomics reform to date. FIP.16, titled "Restructure FLR Tokenomics for Long-Term Network Sustainability," was approved by governance with voting concluding on April 24, 2026. Rollout is phased, with some parameters taking effect shortly after the vote while others require a network hard fork and coordinated releases.
The Flare Network implemented the FIP.16 protocol update starting with the July 20 reward epoch. The key change reweights payouts, making $FLR staking on the P-Chain worth five times the rewards of C-Chain delegation. This is a fundamental reset designed to incentivise users to lock tokens for network security rather than delegate for liquidity, and it directly targets tokenomics by aiming to reduce liquid supply and structural sell pressure from delegation rewards.
Beyond the staking reweight, FIP.16 introduced broader economic changes. The upgrade cut annual inflation from 5% to 3% and increased the base gas fee 20 times to accelerate the burn rate, directly linking $FLR's value to network usage. FIP.16 also introduces MEV capture and routes a broader set of network revenues through FIRE.
$FLR is trading around $0.0062, up approximately 5% on the day. By making staking more lucrative, the protocol encourages stronger network security and long-term holder alignment.
Sources:Flare Developer Hub: FLR Token and FIP.16 OverviewFlare Network: From Activity to Value AccrualFlare Network: Beyond FlareDrops
