Flare Takes XRP DeFi to New Heights with FAsset Launch

The surge in on-chain activity is driven by a growing demand for non-custodial DeFi experiences using XRP, leading to a significant increase in XRP value within the Flare network. This recent milestone positions Flare as the dominant EVM-compatible DeFi ecosystem for XRP, surpassing $86 million in total value. 15 million XRP were bridged to Flare over the weekend, and its native FAssets platform is empowering XRP holders with new avenues for yield generation and participation in the expanding on-chain economy.