FXRP, the wrapped $XRP asset on the Flare Network, has surpassed a major adoption milestone, reaching 100 million tokens in circulation.
Notably, this achievement comes just five months after FAssets launch in September 2025. It reflects surging interest in $XRP decentralized finance (XRPFi) and rising demand for yield-generating products.
Key Points
- FXRP, the wrapped $XRP asset on Flare Network, has surpassed 100 million tokens in circulating supply.
- This milestone is driven by strong demand for $XRP-based yield-generating products.
- Most FXRP tokens are locked across Flare-native DeFi protocols, including Firelight.
- Flare has temporarily paused FXRP minting after receiving a report from a security partner.
FXRP Surpasses 100M Circulating Supply
Notably, FXRP reached the milestone only days after reports indicated that its circulating supply was only 1.18 million tokens short. As demand for $XRP DeFi solutions accelerated, the supply quickly pushed past the threshold.
At press time, FXRP’s circulating supply stands at 100.23 million tokens worth approximately $140.10 million, and has been minted across 38,030 transactions. This shows that 100M $XRP is getting a yield on Flare.
FXRP Supply Crosses 100M
Meanwhile, more than 60% of the circulating FXRP remains locked in Flare-based DeFi platforms such as Kinetic and Firelight, where users deploy the assets to earn yield. Consequently, this high utilization rate highlights strong real-world use rather than speculative accumulation.
Flare Highlights Significance of the New Milestone
Following the milestone, Flare’s official X account stressed that the significance lies not in the number itself, but in what it represents. Specifically, the network described XRPFi as a platform engineered for large $XRP balances, combining verifiable smart contracts, structured, risk-aware access to yield, and robust distribution rails, with a strong focus on user experience.
In this framework, FXRP serves as the core infrastructure that enables predictable, reliable, and scalable participation in DeFi.
Flare Suspends FAssets Bridging
However, even as adoption accelerates, Flare has temporarily suspended FXRP minting. Hugo Philion, Flare’s co-founder, announced a proactive pause of FAssets bridging after receiving a report from a security partner.
Notably, he clarified that the move does not stem from any active exploit or breach, and that no funds have been compromised. Instead, the team is preparing a contract upgrade to further strengthen security protections.
Philion confirmed that Flare will deploy the update on both Flare and Songbird, with additional communication expected ahead of implementation. As a result, the team has halted the minting of the available 2.07 million FXRP until the upgrade is complete and all issues are fully resolved.
