Flare Networks reports that FXRP supply is approaching 100 million tokens, most of which have been wrapped up $XRP already locked into decentralized finance (DeFi) protocols.
The project recently announced this milestone, underscoring its rapid adoption $XRP-focused DeFi initiative, launched less than a year ago.
Key points
- FXRP’s supply is approaching the 100 million token mark, marking a major milestone in adoption.
- The packaged version of $XRP of Flare has reached this level just five months after its launch in September 2025.
- Nearly 70% of FXRP supply is locked via Flare-based DeFi protocols.
- Flare’s DeFi ecosystem has attracted 7,016 users and processed more than 2.28 million transactions.
FXRP is approaching the 100 million delivery milestone
According to Flare, the offering is FXRP, the packaged version of $XRPquickly approaching 100 million, reaching that level just five months after its debut in September 2025. Since launch, supply has skyrocketed as more users poured in $XRP in Flare vaults to mint FXRP in return.
Initially, only a few tokens entered circulation within the first few days. However, supply quickly rose to 97.25 million at the time of Flare’s report. It has further accelerated to 98.82 million at the time of writing, representing a value of approximately $145.05 million.
Notably, users minted these tokens in 37,570 transactions, indicating strong, ongoing network activity. As a result, FXRP is now just 1.18 million tokens away from the 100 million milestone.
Nearly 70% locked via DeFi protocols
Meanwhile, Flare highlighted that the vast majority of FXRP, representing approximately 81.35 million tokens, is locked via DeFi protocols on the network. They include projects like Kinetic, Firelight, BlazeSwap and Upshift.
To date, the Flare ecosystem has attracted 7,016 DeFi users and processed over 2.28 million DeFi transactions, further validating the rapid expansion and deepening of engagement within the FXRP network.
Flare emphasized the importance of this milestone, emphasizing that the wave reflects the power of giving $XRP true utility in the chain, including generating returns and providing liquidity.
Give $XRP Passive income opportunity holders
Flare is now among the few platforms that make this possible $XRP holders gain access to decentralized finance, a capability previously unavailable for the token. Consequently, the initiative opens up new possibilities for passive income, a vision strongly supported by Flare CEO Hugo Philion.
Although Flare and similar projects have since expanded the possibilities for generating returns $XRP Some concerns have persisted in recent months about its 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 with each other.
Furthermore, in addition to DeFi, Philion recently outlined plans to support XRPL’s push toward real-world asset (RWA) tokenization by providing privacy tools and secure computing features, further strengthening the network’s broader utility and institutional appeal.