TLDR
- FXRP has surpassed 100 million tokens in circulation, reaching a major milestone within five months of its launch.
- The demand for XRP-based decentralized finance products has driven the rapid growth in FXRP’s circulating supply.
- Over 60% of FXRP tokens are locked in DeFi platforms like Kinetic and Firelight, showing strong user participation.
- Flare has paused FXRP minting temporarily to implement a security upgrade, ensuring system integrity.
- No security breaches or exploits have been reported; the minting pause is a precautionary measure to enhance security.
Flare Network’s wrapped XRP asset, FXRP, has reached an important milestone by surpassing 100 million tokens in circulation. This achievement, which occurred just five months after the launch of FAssets in September 2025, signals a surge in demand for XRP-based decentralized finance (XRPFi) solutions. The rising interest in XRP DeFi products is reflected in the strong performance of FXRP across Flare’s ecosystem.
FXRP Reaches 100 Million Tokens in Circulation
Flare Network’s FXRP has surpassed the 100 million mark in circulating supply, with tokens worth approximately $140.10 million. This milestone follows an increase in demand for XRPFi solutions, especially yield-generating products. According to reports, the FXRP supply had recently been 1.18 million tokens short of this target, but strong interest led to rapid growth in the circulating supply.
At the time of writing, FXRP’s circulating supply stands at 100.23 million tokens, minted through 38,030 transactions. This shows that these tokens are being actively used for yield generation within Flare’s DeFi ecosystem. A large portion of these tokens remains locked in native Flare-based DeFi protocols, underscoring the increasing utilization of FXRP for practical use cases rather than speculative accumulation.
Flare has seen FXRP become a key component in its decentralized finance offerings. Over 60% of the circulating FXRP tokens are locked in DeFi platforms such as Kinetic and Firelight. These platforms allow users to deploy their FXRP to earn yields, which further drives the real-world use of FXRP in the DeFi space. The high utilization rate of FXRP tokens reflects strong user interest in participating in XRPFi and earning returns.
Flare’s official X account highlighted the importance of this milestone, stating that the significance lies in the real-world use of FXRP rather than just the quantity of tokens in circulation. The network emphasized that XRPFi is designed to accommodate large XRP balances and offers secure access to yield through verifiable smart contracts. FXRP plays a crucial role in enabling reliable, scalable participation in the DeFi space, offering a solid infrastructure for users to engage with decentralized financial products.
Flare Pauses FXRP Minting Amid Security Updates
Despite the rapid adoption of FXRP, Flare has temporarily paused the minting of additional tokens. Hugo Philion, Flare’s co-founder, confirmed that the pause follows a report from a security partner. The decision comes as part of a proactive move to implement a contract upgrade that will enhance security measures across the platform.
Philion clarified that this action is not the result of any exploit or security breach, and no funds have been compromised. Instead, the suspension of FXRP minting aims to strengthen the security of Flare’s systems and ensure the integrity of FXRP operations. Flare plans to release the contract upgrade on both Flare and Songbird networks, with further communication expected before implementation.
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Source: https://blockonomi.com/fxrp-hits-100m-tokens-in-circulation-as-xrpfi-grows-on-flare-network/