FXRP, the packaged $XRP asset on the Flare Network, has surpassed a major adoption milestone, reaching 100 million tokens in circulation.
Notably, this achievement comes just five months after FAssets launched in September 2025. It reflects the rising interest in $XRP decentralized finance (XRPFi) and the rising demand for return-generating products.
Key points
- FXRP, the packaged $XRP assets on Flare Network, has surpassed 100 million tokens in circulating supply.
- This milestone is driven by strong demand for $XRP-based yield-generating products.
- Most FXRP tokens are locked via Flare-native DeFi protocols, including Firelight.
- Flare has temporarily halted FXRP mining after receiving a report from a security partner.
FXRP surpasses 100 million circulating supply
Notably, FXRP reached the milestone just days after reports indicated that its circulating supply was just 1.18 million short of tokens. If ask for $XRP DeFi solutions accelerated, supply quickly pushed over the threshold.
At the time of writing, FXRP’s circulating supply stands at 100.23 million tokens worth approximately $140.10 million, having been minted through 38,030 transactions. This shows that 100M $XRP gets returns on Flare.
FXRP offering crosses 100 million
Meanwhile, more than 60% of circulating FXRP remains locked in Flare-based DeFi platforms such as Kinetic and Firelight, where users stake the assets to earn returns. Consequently, this high utilization rate indicates strong real-world usage, rather than speculative accumulation.
Flare emphasizes the significance of the new milestone
Following the milestone, Flare’s official X account emphasized that the meaning lies not in the number itself, but in what it represents. Specifically, the network described XRPFi as a platform designed for large companies $XRP balance sheets, combining verifiable smart contracts, structured, risk-aware access to returns and robust distribution rails, with a strong focus on user experience.
In this framework, FXRP serves as the core infrastructure that enables predictable, reliable, and scalable participation in DeFi.
Flare suspends FAsset bridging
But even as adoption accelerates, Flare has temporarily suspended FXRP creation. Hugo Philion, co-founder of Flare, announced a proactive pause on bridging FAssets after receiving a report from a security partner.
In particular, he clarified that the move does not stem from any active exploit or breach, and that no financial resources have been compromised. Instead, the team is preparing a contract upgrade to further strengthen security protection.
Philion confirmed that Flare will deploy the update to both Flare and Songbird, with additional communication expected prior to deployment. As a result, the team has halted generation of the available 2.07 million FXRP until the upgrade is complete and all issues are fully resolved.