XRP DeFi Activity Gains Momentum with Over 91M XRP Bridged on Flare

Flare Networks has released strong performance metrics from its XRP-based decentralized finance (DeFi) initiative, which launched just a few months ago. 

Since last year, Flare has steadily transformed XRP from a largely idle token with limited smart-contract utility into a productive DeFi asset, providing holders with yield-bearing opportunities. Notably, this yield-bearing XRP offering has gained meaningful traction, with Flare providing insight into the project. 

Key Points 

• Users have bridged around 91.69 million XRP coins to Flare. 
• More than 75% of bridged XRP coins are actively deployed on-chain. 
• The newly launched Flare XRP Yield Vault has now exceeded $10 million in total value locked. 
• Yield-bearing opportunities for XRP are gaining momentum, with Cardano founder Charles Hoskinson promising better returns for holders. 

XRP DeFi Activity Gains Traction on Flare 

According to Flare, users have bridged more than 91 million XRP, with roughly 75% of that amount actively deployed onchain, highlighting growing engagement across the ecosystem.

In the meantime, Flare’s core vault currently holds 90.55 million XRP, valued at approximately $173.61 million. Total inflows have reached 95.91 million XRP, while about 5.36 million XRP has exited the vault, resulting in the current balance. 

Meanwhile, total XRP reserves stand at 91.69 million tokens, worth roughly $175.81 million, with FXRP reserves at 91.67 million tokens, maintaining a 100.02% reserve ratio. 

Center of XRP DeFi? 

As on-chain activity continues to accelerate, Flare positioned itself as an emerging center of XRP DeFi. Moreover, the launch of the Flare XRP Yield Vault, powered by Upshift’s modular vault infrastructure, further strengthens this claim. 

Per Flare, the vault introduces automated yield strategies, structured risk controls, and scalable execution—features commonly found in mature DeFi ecosystems but previously unavailable to XRP holders. 

Early adoption of the has been swift, with the vault reaching $10.54 million in total value locked (TVL) within 30 days. Interestingly, Flare expects the volume to skyrocket tremendously in the future. 

XRP DeFi Opportunities Expand Rapidly 

Flare stands out as one of the few projects enabling XRP holders to access multiple yield-bearing opportunities—something previously unavailable. To do this, users bridge their XRP into Flare’s vault and mint a wrapped asset, FXRP, which can be deployed across various DeFi protocols to generate yield. 

Meanwhile, other platforms are following a similar model. Projects such as Axelar Network and Hex Trust have introduced yield strategies that require XRP deposits in exchange for wrapped versions that earn returns. 

In the future, more initiatives are expected to expand XRP yield options. Notably, Cardano founder Charles Hoskinson has signaled plans to push deeper discussions this year on improving yield opportunities for XRP holders.