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Flare surpassed a milestone in XRP adoption within decentralized finance (DeFi): its wrapped token, FXRP, reached a circulating supply of 100 million tokens, valued at approximately $140.10 million. The supply was minted across 38,030 transactions.
The figures were reached just five months after the launch of FAssets in September 2025, indicating growing demand for XRP-based yield products.
More than 60% of circulating FXRP remains staked in Flare-native DeFi protocols, including Kinetic and Firelight. In these platforms, users deploy assets to generate returns. The high utilization rate suggests active usage in yield strategies rather than FXRP being held primarily for speculative accumulation.
Alongside the adoption growth, Flare temporarily suspended FXRP minting. Hugo Philion, co-founder of the network, said the pause was a preventive measure tied to the FAssets bridge after the team received a report from a security partner.
Philion clarified that the action does not respond to any active exploit or confirmed breach, and that no funds were compromised. The team is preparing a contract update intended to reinforce security.
