Flare surpassed a milestone in XRP adoption within decentralized finance: FXRP, the network’s wrapped token, reached a circulating supply of 100 million tokens, valued at approximately $140.10 million and minted across 38,030 transactions.
These figures were reached just five months after the launch of FAssets in September 2025, evidencing growing demand for XRP-based yield products.
More than 60% of circulating FXRP remains staked in Flare-native DeFi protocols such as Kinetic and Firelight, where users deploy assets to generate returns. The high utilization rate points to real usage rather than accumulation for speculative purposes.
In parallel with adoption growth, however, Flare temporarily suspended FXRP minting. Hugo Philion, co-founder of the network, announced a preventive pause of the FAssets bridge after receiving a report from a security partner. Philion clarified that the measure does not respond to any active exploit or confirmed breach, and that no funds were compromised. The team is preparing a contract update to reinforce security.
Source: https://x.com/FlareNetworks/status/2024175572318855421
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