Flare Becomes Top EVM DeFi Ecosystem for XRP After Launch of Wrapped FXRP Token
October 22, 2025 – The Flare Network has officially become the largest EVM-compatible DeFi ecosystem for XRP, following the rapid adoption of its wrapped FXRP token, a trustless version of XRP designed for decentralized finance use.
FXRP Growth Drives Surge in Network Activity
Since its launch on September 24, FXRP’s total value locked (TVL) has climbed 37.9%, fueled by a wave of new users bridging their XRP to Flare.
According to the network’s latest update, on October 19, Flare added another 15 million XRP tokens, pushing its TVL to $86.2 million — a record high that underscores growing interest in XRP’s expansion into DeFi.
Flare stated that this surge in participation demonstrates “clear demand for non-custodial DeFi opportunities among XRP holders,” highlighting its role as the bridge between the traditional XRP ecosystem and the broader world of decentralized finance.
Flare Unlocks DeFi Capabilities for XRP Holders
FXRP allows users to earn yield, lend, and provide liquidity across decentralized applications, features not natively available on the XRP Ledger.
“This is a turning point for the XRP ecosystem,” said Hugo Philion, Co-founder of Flare.
“For the first time, XRP holders can participate in non-custodial DeFi using their existing assets — earning yield, providing liquidity, and engaging in a growing ecosystem powered by Flare’s native technology.”
The integration has effectively brought XRP into the world of smart contracts, positioning Flare as a leading hub for XRP-based decentralized finance.
Easier Access Through Xaman Wallet Integration
Last week, Flare also announced that users can now mint FXRP directly from their Xaman wallet, a feature designed to make entry into DeFi simpler and faster for XRP holders.
This integration eliminates technical barriers and streamlines access, allowing users to wrap and deploy XRP into DeFi protocols in just a few steps.
XRP’s Expanding DeFi Horizon
While the XRP Ledger (XRPL) does have its own decentralized exchange (DEX) and automated market maker (AMM) infrastructure, its DeFi capabilities remain limited compared to EVM-based networks. Lending protocols and yield farming opportunities are still in early development stages.
By bridging to Flare, XRP holders can now access a wider range of DeFi tools — from liquidity pools to staking — without sacrificing decentralization.
The Bigger Picture
The success of FXRP highlights how interoperability between blockchain networks can expand real-world utility for established cryptocurrencies.
Flare’s growth also points to a broader trend: the movement of traditional assets like XRP into cross-chain ecosystems where DeFi, gaming, and payments converge.
With over $86 million in XRP now circulating on Flare, the network has positioned itself as a major player in connecting legacy crypto assets to next-generation financial applications.
