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Flare Confirms Secure FXRP Launch With $236M TVL and 4M Active Wallets

By

Triparna Baishnab

Triparna Baishnab

Flare confirms FXRP launch with $236M TVL, 4M wallets, and institutional backing. Multi-audit security and DeFi integrations expand utility.

Flare Confirms Secure FXRP Launch With $236M TVL and 4M Active Wallets

Quick Take

Summary is AI generated, newsroom reviewed.

  • Flare capped FXRP minting at 5M in the first week for security.

  • FXRP audited by Zellic, Coinspect, and Code4rena, plus live monitoring.

  • Flare’s TVL rose from $170M in July to $236M in August 2025.

  • 4M active wallets highlight broad adoption of FXRP.

Flare Network announced the implementation of FXRP its FAssets protocol, and this was one of the major steps in implementing XRP into DeFi. The introduction was accompanied by a tight limit of 5 million FXRP a week. This reserved issue created security and market stability as well as increased usage of XRP. Liquidity protection was emphasized through minting parameters, the requirement of collateral and issuance limits, all outlined in developer documentation.

Multi-Layered Security Audit

FXRP has been subjected to a lot of security testing prior to release. Zellic, Coinspect and Code4rena conducted at minimum four independent audits. Flare also had bug bounties through Immunefi and constant scanning with Hypernative. This multi-level strategy minimised the risks and improved trust in the system. By these safeguards, Flare made FXRP a safe point of entry of XRP holders into DeFi.

TVL at Flare jumped tremendously as a result of the introduction of FXRP and associated bonuses. TVL hit e.g. 170 million in mid-July 2025, and stablecoins reached 150 million. By August 2025, TVL increased even more to 236 million, which is due to rFLR rewards and high demand of FXRP-based DeFi operations. This expansion highlighted the effectiveness of the FAssets Incentive Program introduced by Flare in July as a result of which it gained 2.2 billion dollars. Almost 4 million distinct wallets are currently running on the Flare network. This is indicative of increasing use of FXRP and the FAssets protocol in general. The fast adoption points to the fact that FXRP makes XRP a DeFi-native asset and not just payments.

Institutional Integration Signals Demand

There has been an institutional rush towards FXRP. Through these integrations, FXRP is a positioning of institutional flows into decentralised markets. There are several applications in DeFi where FXRP will enjoy significant power. Enosys Loans will be secured using FXRP in order to back the initial XRP-backed stablecoin. The next liquid staking derivative, stXRP, should also increase the utility further by providing the opportunity to earn yield through protocols. Those developments combine to make XRP a universal lending, liquidity, and staking asset in DeFi instead of a payments-oriented asset.

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