The Flare Network has officially emerged as the largest EVM-compatible DeFi ecosystem for XRP, following the successful launch of FAssets and FXRP, a trustless representation of XRP on Flare. Since FXRP’s debut on September 24, total value locked (TVL) on the network has surged by 37.9%, fueled by an influx of activity and liquidity migration from XRP holders seeking DeFi exposure.
Over the weekend, an additional 15 million XRP was bridged to Flare, bringing the total value of XRP on the network to $86.2 million — cementing Flare’s leadership as the primary DeFi hub for the XRP ecosystem. The milestone marks the rise of XRPFi — an emerging on-chain economy where XRP holders can lend, stake, and earn yield through decentralized protocols.
“This is a turning point for the XRP ecosystem,” said Hugo Philion, Co-founder of Flare. “For the first time, XRP holders can participate in non-custodial DeFi using their existing assets — earning yield, providing liquidity, and engaging in a growing ecosystem powered by Flare’s native technology.”
Investor Takeaway
Expanding Accessibility: Xaman Integration Brings One-Click FXRP Minting
To further lower the barriers to entry for XRP users, Flare recently integrated with the Xaman wallet, allowing users to mint FXRP directly from Xaman and confirm transactions through EVM-compatible wallets such as Ledger or Bifrost. The integration marks the first phase of a broader initiative to develop a chain-abstracted experience that simplifies and secures participation in XRPFi.
This frictionless onboarding experience demonstrates Flare’s commitment to user-friendly DeFi — enabling native XRP holders to participate in on-chain activity without complex bridging or technical setup. The collaboration between Flare and Xaman lays the foundation for more seamless XRP-to-DeFi interactions across ecosystems.
Messari Report: XRPFi Momentum Accelerates
A recent Messari report highlighted the exceptional demand for FXRP, noting that its initial 5 million mint cap filled in under four hours — with subsequent caps of 15 million FXRP reached equally fast. This rapid adoption underscores a strong appetite for XRP-backed DeFi solutions and reflects confidence in Flare’s underlying architecture.
Messari also emphasized Flare’s unique data infrastructure, powered by the Flare Time Series Oracle (FTSO) and Flare Data Connector (FDC). These oracles enable decentralized pricing and trustless bridging of non-smart contract assets like XRP — reinforcing Flare’s positioning as a “data blockchain” and an interoperable bridge between traditional and on-chain assets.
Institutional participation is also growing, with platforms like Uphold and VivoPower actively engaging in the ecosystem. Meanwhile, Flare’s 2.2 billion FLR incentive program is helping bootstrap liquidity and promote sustainable yield strategies across the XRPFi economy — signaling a shift from short-term farming to long-term, utility-driven participation.
Investor Takeaway
What’s Next: MoreMarkets Simplifies DeFi Access with XRP Flare Account
Flare’s DeFi expansion continues with MoreMarkets’ launch of the XRP Flare Account, a non-custodial tool that automates DeFi participation for XRP holders. The account allows users to earn yield on their XRP through vetted DeFi strategies — such as lending via Kinetic and trading on SparkDEX and Enosys — while retaining full self-custody.
Rewards are distributed monthly in rFLR and other ecosystem tokens, offering predictable, transparent yield generation. Built on top of Flare’s FAssets system, the XRP Flare Account automates deployment of wrapped XRP (FXRP) across protocols, enabling passive DeFi participation without bridging to external networks.
Future updates will introduce direct minting of FXRP, automated redemption to XRPL, and integration with Firelight staking — enabling sustainable “real yield” derived from network services rather than token emissions.
Flare’s Path Forward: The Core of the XRPFi Economy
Flare’s rapid growth following the FAssets launch signals a paradigm shift in XRP’s utility. With its EVM compatibility, native oracles, and expanding integrations, Flare is positioning itself as the infrastructure backbone for XRP-based decentralized finance. The rise of XRPFi reflects not just new liquidity opportunities, but a maturing, interoperable ecosystem where traditional crypto assets gain programmable value.
As the XRP community embraces on-chain innovation, Flare’s evolution — from oracle network to multi-chain DeFi hub — underscores its long-term vision: bridging non-smart contract assets into a unified, data-driven DeFi economy.