Flare Mints 145M FXRP as XRP DeFi Experiment Scales
- —About 145.2M FXRP minted, with 130M deployed in DeFi — 89.5% of supply
- —FXRP has generated roughly 7.8 million DeFi transactions over the year
- —21M FXRP (14.4%) bridged to other chains via LayerZero's OFT standard
- —The initial 5M FXRP minting cap filled in about four hours
Why it matters: The rising share of FXRP in DeFi shows XRP increasingly used as collateral and in yield strategies, not just for payments.
Source: Coinpaper