Flare Network Emerges as Top EVM DeFi Ecosystem for XRP with FAssets Launch

Dubai, UAE – October 21st, 2025 – Chainwire – Flare Network has witnessed significant growth following the launch of its FAsset protocol and the introduction of FXRP, a trustless representation of XRP on Flare. Since September 24th, total value locked (TVL) on the network has surged by 37.9%, fueled by growing FXRP activity. This surge in activity has seen an additional $15 million worth of XRP bridged to Flare, bringing the total value of XRP on the platform to $86.2 million. This places Flare at the forefront as the leading EVM DeFi ecosystem for XRP.