FXRP, the wrapped XRP asset on the Flare Community, has surpassed a serious adoption milestone, reaching 100 million tokens in circulation.
Notably, this achievement comes simply 5 months after FAssets launch in September 2025. It displays surging curiosity in XRP decentralized finance (XRPFi) and rising demand for yield-generating merchandise.
Key Factors
- FXRP, the wrapped XRP asset on Flare Community, has surpassed 100 million tokens in circulating provide.
- This milestone is pushed by robust demand for XRP-based yield-generating merchandise.
- Most FXRP tokens are locked throughout Flare-native DeFi protocols, together with Firelight.
- Flare has quickly paused FXRP minting after receiving a report from a safety associate.
FXRP Surpasses 100M Circulating Provide
Notably, FXRP reached the milestone solely days after experiences indicated that its circulating provide was only one.18 million tokens brief. As demand for XRP DeFi options accelerated, the provision shortly pushed previous the brink.
At press time, FXRP’s circulating provide stands at 100.23 million tokens value roughly $140.10 million, and has been minted throughout 38,030 transactions. This exhibits that 100M XRP is getting a yield on Flare.
In the meantime, greater than 60% of the circulating FXRP stays locked in Flare-based DeFi platforms comparable to Kinetic and Firelight, the place customers deploy the property to earn yield. Consequently, this excessive utilization charge highlights robust real-world use somewhat than speculative accumulation.
Flare Highlights Significance of the New Milestone
Following the milestone, Flare’s official X account confused that the importance lies not within the quantity itself, however in what it represents. Particularly, the community described XRPFi as a platform engineered for giant XRP balances, combining verifiable sensible contracts, structured, risk-aware entry to yield, and sturdy distribution rails, with a robust give attention to person expertise.
On this framework, FXRP serves because the core infrastructure that allows predictable, dependable, and scalable participation in DeFi.
Flare Suspends FAssets Bridging
Nonetheless, at the same time as adoption accelerates, Flare has quickly suspended FXRP minting. Hugo Philion, Flare’s co-founder, introduced a proactive pause of FAssets bridging after receiving a report from a safety associate.
Notably, he clarified that the transfer doesn’t stem from any lively exploit or breach, and that no funds have been compromised. As a substitute, the staff is getting ready a contract improve to additional strengthen safety protections.
Philion confirmed that Flare will deploy the replace on each Flare and Songbird, with further communication anticipated forward of implementation. Consequently, the staff has halted the minting of the out there 2.07 million FXRP till the improve is full and all points are totally resolved.
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