Flare Minted 145 Million FXRP Tokens
The protocol has reached a major milestone in cross-chain DeFi adoption one year after its debut.
Updated on Sept. 25, 2026 in Economic Indicators
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Flare has reported that 145.2 million FXRP tokens have been minted since the protocol launched in September 2025. The platform allows users to access decentralized finance markets using XRP without selling their underlying base assets.
Why it matters
The system enables XRP holders to participate in DeFi ecosystems while maintaining their native holdings on the XRP Ledger. By utilizing an overcollateralization model, Flare bridges native assets to broader lending markets on chains like Ethereum.
Official reports indicate 145.2 million FXRP have been minted, with 89.5% of total supply currently active in DeFi strategies. The system has processed 7.8 million transactions since debut, while 21 million tokens have migrated to other chains via LayerZero.
The players
Flare
This protocol acts as a decentralized platform that bridges XRP to DeFi markets through an overcollateralization system.
LayerZero
This omnichain interoperability protocol facilitates the migration of FXRP tokens across different blockchain networks.
Derive
This financial platform provides infrastructure for advanced options and futures trading within the DeFi ecosystem.
The details
Flare functions by verifying native XRP on the XRP Ledger and issuing corresponding FXRP, which requires overcollateralization to secure the assets. Since the initial 5 million token cap was reached in just four hours, the network has expanded to integrate with futures and options markets through partners like Derive.
Timeline
September 24, 2025: FXRP debuted on the DeFi ecosystem.
January 2026: Total FXRP supply surpassed 90 million.
August 2026: Integration with Derive expanded options and futures market functionality.
September 25, 2026: Flare reported its one-year milestone update.
Macro View
This development follows the trajectory of interoperability solutions like the XRP Ledger, which seek to bridge legacy assets into modern liquidity pools. The growth mirrors a broader shift toward cross-chain asset utilization rather than isolated network ecosystems.
Holders of native XRP can now access DeFi strategies and derivatives without liquidating their positions to gain exposure to other chains. This allows for potential yield generation on existing assets while managing collateral requirements within the protocol.
The takeaway
The protocol demonstrates how legacy digital assets can be successfully integrated into decentralized finance through overcollateralization. Investors should consider the risks associated with cross-chain migration and collateral management when utilizing these liquidity bridges.
Further reading
Learn more about the latest trends in global finance within the /economics/economic-indicators/ section.
Source note: This article includes information reported by Crypto Economy.
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