Flare Becomes the Leading EVM DeFi Ecosystem for XRP as FAssets Launch Triggers XRPFi Growth
Dubai, UAE, October 21st, 2025, Chainwire
Flare Network is experiencing rapid growth following the launch of FAssets and the introduction of FXRP, a trustless representation of XRP on Flare. Since the launch on September 24, total value locked (TVL) on the network has risen 37.9%, driven by increasing FXRP activity. Another 15 million XRP was bridged to Flare over the weekend, bringing the total value of XRP on the network to $86.2 million as of writing – effectively making Flare the largest EVM DeFi ecosystem for XRP.
This milestone signals the emergence of XRPFi, a growing on-chain economy where XRP holders can earn yield, lend, and trade within Flare’s decentralized infrastructure. By enabling XRP to participate in DeFi through FXRP, Flare is unlocking previously untapped liquidity and positioning itself as the core hub for XRP-based DeFi activity.
“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.”
Expanding Accessibility: Xaman Integration
In parallel, last week Flare announced that users can now mint FXRP directly using their Xaman wallet, further lowering the barrier to entry for XRP holders. The integration allows users to supply XRP through Xaman while confirming transactions via an EVM-compatible wallet such as Ledger or Bifrost. This integration is just the first phase. Xaman and Flare are working on chain-abstracted solution to make the XRPFi journey on Flare even smoother and safer
Insights from the Latest Messari Report
According to a recent Messari report, FXRP’s launch filled its initial 5 million mint cap in under four hours, with subsequent increases to 15 million reached just as quickly – highlighting strong underlying demand. The report also notes that Flare’s native oracles – Flare Times Series Oracle (FTSO) and Flare Data Connector (FDC) continue to anchor its position as a data blockchain, enabling decentralized pricing and trustless briding of non-smart contract assets like FXRP.
Additionally, Messari points to growing institutional participation from Uphold and VivoPower, and a 2.2 billion FLR incentive program designed to foster long-term liquidity and yield generation rather than short-term yield farming. Together, these developments reflect a maturing XRPFi ecosystem and reinforce Flare’s role as the bridge between traditional XRP holders and decentralized finance.
What’s Next: MoreMarkets Simplifies XRPFi Access
Further expanding XRP utility on Flare, MoreMarkets has launched the XRP Flare Account, a non-custodial solution that automates DeFi participation for XRP holders. The new account allows users to earn yield on their XRP through vetted DeFi strategies on Flare — including lending via Kinetic and trading on SparkDEX and Enosys – all while maintaining full self-custody. Rewards are distributed monthly in rFLR and other ecosystem tokens.
Built on top of Flare’s FAssets system, the XRP Flare Account simplifies yield generation by automatically deploying wrapped XRP (FXRP) across decentralized protocols within the network, with no bridging to external platforms. Upcoming phases will introduce direct minting of FXRP, automated redemption to XRPL, and integration with Firelight staking – paving the way for “real yield” from network-secured services.
About Flare
Flare Network is a Layer 1 blockchain platform that enables digital assets like XRP to participate in decentralized finance applications. Through its smart contract infrastructure, Flare unlocks yield-generating opportunities for traditionally non-yielding assets while maintaining institutional grade security and compliance standards.