Crypto Trending Pick: $FLM – Flamingo Finance’s Resurgence in DeFi

Launched in September 2020, Flamingo Finance ($FLM) is a decentralized finance (DeFi) platform built on the Neo blockchain. It offers a suite of services, including cross-chain asset swaps, perpetual contracts, and decentralized governance. FLM serves as the platform’s governance token, entirely distributed to the community based on participation. 

As of May 24, 2025, FLM is trading at approximately $0.0392, marking a significant increase of over 20% in the past 24 hours. The token’s price has fluctuated between an intraday low of $0.0314 and a high of $0.0392. This surge follows a period of volatility, with FLM reaching a low of $0.0137 earlier in the year.

The recent uptick in FLM’s price is attributed to renewed interest in DeFi platforms and increased trading activity. Analysts predict that if the current momentum continues, FLM could test resistance levels around $0.0678 by the end of the year. 

With a circulating supply of approximately 545 million tokens and a maximum supply capped at 1 billion, FLM’s market capitalization stands at around $19.4 million. The token’s performance underscores the growing interest in DeFi solutions that offer interoperability and community-driven governance.

As the DeFi sector continues to evolve, FLM’s role in facilitating cross-chain transactions and decentralized asset management positions it as a noteworthy token in the crypto landscape.