FLR Price Hits 6-Month High amid SparkDEX Token Launch Buzz

The price of FLR, the native asset of the Flare blockchain, has jumped over 100% from its April low, with trading volume up over 240% in 24 hours, per CoinGecko data. The FLR price surge seems to be fueled by growing excitement around SparkDEX — the network’s biggest decentralized exchange (DEX) and currently its top protocol by total value locked (TVL) — as it gears up to launch its own token, SPRK, next week.

The token will debut via Flarepad, a Flare-native launchpad from TrustSwap, becoming the first full-scale Flare-native initial DEX offering. The SPRK token will act as the core governance and utility token for SparkDEX, per the platform’s blog.

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