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145M FXRP minted as XRP's DeFi use grows, with 89.5% actively deployed in lending and yield strategies.

Protocol Fundamentals
25 Sep 2026
Coinpaper
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Bullish
145M FXRP minted as XRP's DeFi use grows, with 89.5% actively deployed in lending and yield strategies.

One year after Flare launched FXRP, around 145.2 million FXRP tokens have been minted, with 130 million actively used in decentralized finance (DeFi). This high utilization rate—about 89.5% of FXRP supply—is significant as it shows holders increasingly use XRP as collateral and in lending and yield strategies rather than holding it idle. FXRP, a 1:1 programmable representation of XRP, enables XRP to participate in DeFi without altering the XRP Ledger. The ecosystem has expanded beyond basic yield products to include borrowing Ripple's RLUSD stablecoin, vault strategies, liquid staking, and derivatives, broadening XRP's role in on-chain capital markets. This growth highlights XRP's evolving utility in DeFi and its potential for further financial innovation.

XRP is currently trading at Rp28.105 on Pluang, showing a 2.05% increase in the last day. As of Sep 26, 2026 00:43 WIB, the market cap stands at Rp1.776,01 trillion with active buying interest at 80%, reflecting strong user engagement alongside the growing DeFi activity on Flare.

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