Flare Networks reports that FXRP supply is nearing 100 million tokens, with most of the wrapped $XRP already locked in decentralized finance (DeFi) protocols.
The project recently announced this milestone, underscoring the rapid adoption of its $XRP-focused DeFi initiative, launched less than a year ago.
Key Points
- FXRP supply is closing in on 100 million tokens, marking a major adoption milestone.
- The wrapped version of $XRP from Flare has reached this level just five months after its September 2025 launch.
- Nearly 70% of the FXRP supply is locked across Flare-based DeFi protocols.
- Flare’s DeFi ecosystem has attracted 7,016 users and processed over 2.28 million transactions.
FXRP Nears 100M Supply Milestone
According to Flare, the supply of FXRP, its wrapped version of $XRP, is fast approaching 100 million, reaching that level just five months after its September 2025 debut. Since launch, the supply has surged as more users deposited $XRP into Flare vaults to mint FXRP in return.
Initially, only a few tokens entered circulation within the first few days. However, supply quickly climbed to 97.25 million at the time of Flare’s report. It has accelerated further to 98.82 million at press time, representing roughly $145.05 million in value.
Notably, users minted these tokens across 37,570 transactions, indicating strong, sustained network activity. As a result, FXRP now sits just 1.18 million tokens shy of the 100 million milestone.
Nearly 70% Locked Across DeFi Protocols
Meanwhile, Flare emphasized that the vast majority of FXRP, representing about 81.35 million tokens, is locked across DeFi protocols on the network. They include projects like Kinetic, Firelight, BlazeSwap, and Upshift, among others.
So far, the Flare ecosystem has attracted 7,016 DeFi users and processed over 2.28 million DeFi transactions, further confirming the rapid expansion and deepening engagement within the FXRP network.
Highlighting the milestone’s significance, Flare stressed that the surge reflects the power of giving $XRP real on-chain utility, including yield generation and liquidity provision.
Giving $XRP Holders Passive Income Opportunities
Flare now stands among the few platforms enabling $XRP holders to access decentralized finance, a capability previously unavailable to the token. Consequently, the initiative opens new passive-income opportunities, a vision strongly backed by Flare CEO Hugo Philion.
Meanwhile, although Flare and similar projects have expanded yield-generating options for $XRP holders in recent months, some concerns persist about their long-term relevance once the XLS-66 amendment introduces native lending on the XRPL. However, leading community voices, including Vet, have dismissed these fears, arguing that both ecosystems will complement rather than compete.
Moreover, beyond DeFi, Philion recently outlined plans to support XRPL’s push into real-world asset (RWA) tokenization by providing privacy tools and secure computing features, further strengthening the network’s broader utility and institutional appeal.
