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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The total crypto market cap gained $80 billion on Thursday to hover about $3.8 trillion…
The broader cryptocurrency market is showing signs of renewed momentum, with major assets stabilizing and…
Solana (SOL) faces a critical juncture as analysts debate whether its high-speed blockchain can achieve…
DOGE price is now on every investor’s radar after Elon Musk dropped a viral post…
On-chain trackers reported that a Ripple co-founder moved about $120 million worth of XRP from…
The recent surge of optimism after Ethereum's successful approval of the ETF has triggered market-wide…
