Flare Expands XRP DeFi Toolkit as FXRP Marks One Year
- —The inaugural 5 million FXRP minting cap was filled within hours of launch
- —FXRP is used across staking, lending, cross-chain liquidity and yield programs
- —Kinetic added lending, while SparkDEX, BlazeSwap and Enosys provided liquidity markets
- —The v1.3 upgrade in May 2026 introduced destination-tag minting for exchanges and custodians
Why it matters: The expansion of XRPFi deepens XRP's role in DeFi and channels FAssets fees into the FIRE mechanism, strengthening Flare's ecosystem.
Source: DailyCoin