Flare Network has become the largest XRPFi project after bridging 40 million XRP, worth about 96 million dollars. The milestone comes through FXRP, a system that lets XRP holders use their tokens in decentralized finance without losing control of them.
FXRP allows users to convert their XRP into a version that works with smart contracts. The converted tokens can be staked, lent, or placed in liquidity pools. Users can redeem their original XRP at any time.
This process does not depend on a central authority. Instead, it runs through a decentralized network of agents and validators that maintain collateral and keep the system stable.
FXRP benefits both the XRP Ledger and Flare. Each transfer between the two networks increases transaction volume and network activity.
Smart accounts on the XRP Ledger will soon allow users to access yield options directly through on-chain transactions, without using the EVM layer.
FXRP is already being used on decentralized exchanges, increasing XRP’s liquidity and visibility. Holders can also borrow against their XRP instead of selling it, maintaining their exposure while avoiding taxable sales.
Developers plan to expand FXRP to major decentralized exchanges. This move will help institutional investors trade XRP with greater efficiency and access deeper liquidity.
Flare is also building new protocols such as Firelight, aimed at supporting future institutional products that connect to Ripple’s broader ecosystem.
With 40 million XRP bridged, FXRP has given XRP a practical role in decentralized finance. It creates new ways to earn, lend, and trade, while keeping the original assets secure on-chain.
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