XRP DeFi Growth Accelerates with FXRP Supply Approaching 100M Tokens

TLDR

• Flare’s FXRP supply is rapidly approaching 100 million tokens, just five months after its launch in September 2025.
• The total FXRP supply has surged to 98.82 million tokens, representing about $145.05 million in value.
• Nearly 70% of the FXRP supply is locked in Flare-based decentralized finance protocols.
• The Flare DeFi ecosystem has attracted over 7,000 users and processed more than 2.28 million transactions.
• Flare’s initiative provides XRP holders with new opportunities for passive income through liquidity provision and yield generation.

Flare Networks has reported that the supply of FXRP, its wrapped version of XRP, is fast approaching 100 million tokens. This marks a key milestone for the project’s XRP-focused decentralized finance (DeFi) initiative. Since its launch in September 2025, FXRP adoption has surged, with nearly 70% of the total supply locked in Flare’s DeFi protocols.

FXRP Supply Approaches 100 Million Tokens

Flare’s wrapped XRP, FXRP, is nearing a supply of 100 million tokens, just five months after its debut. The FXRP supply reached 97.25 million by the time of Flare’s report, with further growth to 98.82 million tokens. This increase represents approximately $145.05 million in value, highlighting the rapid pace of FXRP adoption.

The surge in FXRP supply is driven by users depositing XRP into Flare vaults to mint FXRP tokens. In total, 37,570 transactions have minted these tokens. This level of activity underscores strong and sustained demand for FXRP, and it is now just 1.18 million tokens away from the 100 million mark.

XRP DeFi Adoption Continues to Grow

Flare’s DeFi ecosystem has seen rapid adoption, with a large portion of the FXRP supply locked in various protocols. As of the latest report, 81.35 million FXRP tokens are locked across Flare-based DeFi platforms, including Kinetic, Firelight, BlazeSwap, and Upshift. These projects have contributed to the expansion of Flare’s DeFi network and the broader adoption of FXRP.

With over 7,000 users engaged in the ecosystem, Flare has processed more than 2.28 million transactions on its DeFi platforms. This indicates growing interest in leveraging XRP for decentralized financial services that were previously unavailable to XRP holders. The increasing use of FXRP on DeFi platforms underscores the growing importance of XRP in the DeFi space.

Flare Focuses on Yield Generation and Future Growth

Flare’s efforts to bring XRP into decentralized finance have provided holders with new opportunities for yield generation. CEO Hugo Philion emphasized the project’s commitment to expanding these opportunities for XRP users. Flare’s strategy aims to give XRP holders the chance to participate in DeFi by offering liquidity provision and passive-income opportunities.

While some have raised concerns about the long-term viability of Flare’s initiatives with the potential introduction of native lending on the XRPL via the XLS-66 amendment, industry leaders have dismissed these fears. They argue that both ecosystems can coexist, complementing each other. Beyond DeFi, Flare is also focusing on XRPL’s expansion into real-world asset (RWA) tokenization, further diversifying its offerings.

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