Flare's FXRP Reaches New Milestone as XRP Enters DeFi Market

The decentralized finance (DeFi) market for XRP has hit significant milestones as Flare celebrates its one-year anniversary. The network reports that 145.2 million FXRP have been minted, with approximately 130 million already deployed across various DeFi protocols.

This represents a utilization rate of 89.5%, meaning that nearly nine out of ten FXRP are being actively used in yield strategies, lending markets, and collateral positions. This level of adoption suggests that XRP has become a functional piece within on-chain capital.

The demand for FXRP was immediate from day one, with the initial minting cap of 5 million FXRP filled in approximately four hours. By the end of January 2026, supply surpassed 90 million.