Overview
- FXRP’s total value locked rose 37.9% since its Sept. 24 launch, reaching $86.2 million, according to Flare.
- Flare reported bridging an additional 15 million XRP on Oct. 19, which pushed FXRP usage and TVL higher.
- The network says it has become the largest EVM DeFi ecosystem for wrapped XRP following the FXRP rollout.
- FXRP is a trustless wrapped version of XRP that lets holders earn yield, provide liquidity, and access lending in non-custodial DeFi.
- Direct FXRP minting in the Xaman wallet launched last week, lowering entry barriers for XRP holders seeking DeFi access.