DefiLlama: nearly 90% of FXRP supply is locked in DeFi
- —129M of 145M FXRP, about 90%, is deployed in DeFi protocols
- —Flare Data Connector fees now make up 45% of protocol revenue
- —About 20M FXRP is deployed outside Flare, up fivefold since July
- —Direct staking share of FLR rose from 32% to 46% between April and August
Why it matters: The report shows FXRP is being used as working collateral in lending markets rather than a passive XRP wrapper, strengthening demand for Flare's infrastructure.
Source: CoinJournal