TLDR
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Flare has become the leading EVM DeFi platform for XRP after the launch of the FXRP token.
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The total value locked in FXRP reached $86.2 million after a 37.9 percent increase in network activity.
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Flare bridged an additional 15 million XRP tokens on October 19 to support growing demand.
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FXRP allows XRP holders to participate in DeFi activities like lending and yield farming.
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Flare integrated FXRP minting directly into the Xaman wallet to make access easier for users.
Flare has officially emerged as the leading DeFi platform for XRP after launching its wrapped token, FXRP. The network has recorded a 37.9% rise in total value locked (TVL) since the release of FXRP. On October 21, Flare confirmed that it bridged 15 million more XRP, raising TVL to $86.2 million.
FXRP Drives XRP DeFi Adoption
FXRP enables XRP holders to access DeFi products, such as lending and yield farming, through Flare’s innovative contract platform. This token is trustless and enables new utilities previously unavailable on the XRP Ledger. Since its launch on September 24, FXRP has accelerated Flare’s position in the EVM DeFi space.
Flare recorded a rapid increase in FXRP usage, especially after bridging more XRP on October 19. This pushed its TVL higher, signaling increased activity from XRP holders. According to Flare, these developments confirm rising DeFi interest in the XRP community.
Co-founder Hugo Philion stated, “This is a turning point for the XRP ecosystem.” He added, “XRP holders can now earn yield and provide liquidity with their assets.” Flare’s native technology enables non-custodial DeFi while keeping user assets secure.
Xaman Integration Boosts FXRP Growth
A week before the TVL milestone, Flare introduced support for minting FXRP directly via the Xaman wallet. This feature lowers the entry barrier for new users and encourages broader XRP participation in DeFi. Flare confirmed that this integration simplifies the process and reduces reliance on third-party bridges.
As a result, more users began minting FXRP without leaving the Flare ecosystem. This helped boost user confidence and increased network usage. The streamlined experience also positioned Flare as a preferred DeFi gateway for XRP.
XRP Finds New Utility on Flare
Though XRP Ledger includes native DEX and AMM tools, it lacks full DeFi support like lending. Flare fills that gap with its innovative contract capabilities and cross-chain tools. Now, XRP holders can securely engage in multiple DeFi applications.
Flare continues to expand DeFi use cases for XRP through FXRP and network integrations. Its smart contracts offer access to earning yield, lending, and liquidity pools. With rising activity and strong utility, Flare leads as XRP’s top EVM DeFi ecosystem.
