Flare Network has solidified its position as the leading EVM DeFi platform for XRP following the successful launch of the FXRP token. Since its introduction on September 24, 2025, FXRP has enabled XRP holders to engage in decentralized finance activities such as lending and yield farming, which were previously unavailable on the XRP Ledger.
The total value locked (TVL) in FXRP has surged by 37.9%, reaching $86.2 million as of October 21, 2025. This growth was accelerated on October 19, when Flare bridged an additional 15 million XRP tokens to support rising demand, highlighting increased network activity and user adoption.
Flare co-founder Hugo Philion emphasized the significance, stating, "This is a turning point for the XRP ecosystem. XRP holders can now earn yield and provide liquidity with their assets." The integration of FXRP minting directly into the Xaman wallet has lowered entry barriers, simplifying access for users and boosting confidence in the platform.
Despite the XRP Ledger's native DEX and AMM tools, it lacks comprehensive DeFi support like lending. Flare addresses this gap with its trustless, non-custodial technology, positioning itself as the preferred DeFi gateway for XRP and expanding utility for the asset.
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