Flare Network Emerges as Dominant DeFi Hub for XRP with FXRP Launch

The Flare Network has taken the lead in the XRP DeFi ecosystem thanks to the successful launch of FAssets and FXRP, a trustless representation of XRP on Flare. Since its debut on September 24th, total value locked (TVL) on the network has surged by 37.9%, fueled by activity and liquidity migration from XRP holders seeking DeFi exposure. This surge has cemented Flare’s position as the primary DeFi hub for the XRP ecosystem.