A year ago today, XRP became programmable as FXRP. What followed was a run of firsts. XRP in onchain vaults. XRP backing onchain cover. XRP in money markets on Ethereum. Flare Smart Accounts makes it one click from XRPL. FCC takes it to confidential computation, with proofs anyone can verify. That is what unlocks deeper institutional use.

Fixed yield without giving up liquidity. A fixed-rate XRP position on Spectra can also be used as collateral on Mystic. The PT keeps its fixed yield to maturity, while the holder can borrow FXRP against it instead of selling the position. That gives the same XRP capital two functions: fixed-rate exposure and access to liquidity. Beautiful.

A year of FXRP later. What was your highlight, and why?

We're excited to be able to continue assisting the growth of XRPfi across numerous protocols we work with, including this most recent announcement from @spectra_finance 💙

Let's clarify: Gas: every transaction on Flare uses FLR for blockspace and computation. Those fees are burned. FDC: apps pay FLR to have external facts attested, such as XRP payments, data from other chains or Web2. FAssets, Smart Accounts and FCC can all generate this demand. Under FIP.16, 90% of FDC request fees are directed to FIRE. FCC: apps pay for confidential compute instructions executed by registered TEEs. This enables things like private reserve verification, confidential institutional data, policy-based signing and other computation where the inputs cannot be public. FCC also uses FDC to verify parts of its own deployment and configuration. So gas pays for using the chain. FDC pays for verified external data. FCC pays for confidential computation. All three create different forms of economic activity around FLR.

FXRP Just Turned One Year Old 🎈 SparkDEX has been putting XRP liquidity to work since day one. Swaps. LPs. Farms. Perps. We're proud to have built FXRP into the core of its DeFi stack on Flare. One year down. More to ship. @FlareNetworks

New rFLR distribution is out☀️ If you’ve been in eligible DeFi on Flare, check what you’ve accrued. Claim yours on the Emissions tab → portal.flare.network

One year of FXRP on @FlareNetworks, and we have been there since day one. The FXRP pools on Enosys DEX V3 went live on launch day. Enosys Loans followed in December as the first CDP protocol backed by XRP, and in March we added @Firelightfi stXRP as collateral. Here is what a year of XRP at work on Enosys looks like, all onchain: DEX V3 → 1.54M swaps through FXRP pools → $527M in FXRP pool volume → $1.5M in trading fees earned Loans → 963 troves opened against FXRP, with $31.9M CDP borrowed → 142 troves opened against stXRP, with $805K CDP borrowed APY Cloud → $128.6K in protocol fees from FXRP activity routed to APY Cloud → 38,183 FXRP ($53.1K) paid out to HLN and APS stakers XRP that trades, backs a stablecoin and pays real yield to governance stakers. Year two starts now: enosys.global/

A year into FXRP, we’re getting a sneak peek at what @FlareNetworks could become, does Flare’s infrastructure truly turn $XRP into a future-proof asset? But we’re going beyond the basics to delve further. In crypto, you’re usually forced to spin up wallets, hop across bridges, and scrounge up gas tokens just to get moving. Flare has spent the past year cutting that obstacle course down to size, and it begins with two built-in tools: - FTSO supplies prices, while FDC verifies outside events, including XRP payments. Flare’s validators also secure these data protocols, giving its products a shared foundation. - FAssets turns XRP into FXRP for use in DeFi. Minting requires proof of the XRP payment. Redemption agents operate under collateral, challenge and liquidation rules. The Core Vault holds pooled XRP under a Flare-governed multisig, with escrow time locks and withdrawal controls. Agents cannot simply walk away with it. Flare Smart Accounts make access incredibly simple. Sign an XRPL transaction from your current wallet. FDC verifies it, and your linked smart account executes on Flare. The vault flow now needs one signature, no separate EVM key or gas token. By July, Flare reported nearly 24,000 smart accounts and FXRP in DeFi growing from 82 million in February to 144 million. So, what's next? It is Flare Confidential Compute (FCC) FCC is a verifiable computation that keeps sensitive data private, plus protocol-managed wallets that can act on other chains. Songbird first, with broader deployment still ahead. Finally, how all these changes benefits $FLR. FIP.16 cuts annual inflation from 5% to 3%. Transaction fees burn, while FIRE collects specified protocol fees, with supply reduction as its first mandate alongside other governed uses. --- What keeps me upbeat about Flare is how coherently the pieces fit together. FXRP expands what XRP can do, Smart Accounts remove friction for users, and confidential compute opens the door to privacy sensitive apps, while the value flow ultimately routes back to FLR. None of this is starting from zero. Each layer builds on real progress already in place, which makes the Flare faces almost competition and more scalable. That said, activity still has to mature into real, durable revenue over time. Still, after a year of FXRP, there is a functioning baseline, something concrete to iterate on, and a clearer runway toward wider adoption. You are still not bullish enough.

Flare's XRP Ecosystem Reaches New Milestone Flare (@FlareNetworks) reports 145.1 million FXRP minted on-chain over the past year. Around 130 million FXRP is being used across decentralized finance applications. That represents roughly 89% of the minted FXRP supply, according to Flare. The network further recorded 7.8 million DeFi transactions alongside about 24,000 smart accounts. Flare also reports 21 million FXRP operating across six other chains. The data comes as Flare celebrates one year of FXRP on-chain.

Spectra fixed-rate XRP PTs on @FlareNetworks can back a loan. PTs from the stXRP market maturing on 26 November 2026 are now accepted as collateral on @mystic_finance. What this means for PT holders: • The fixed yield locked at purchase still holds to maturity • FXRP becomes borrowable without selling the PT • The loan carries a variable rate Lending market liquidity is provided by the Core FXRP vault operated by @ClearstarLabs. From minting FXRP to fixing its rate to borrowing against it, every step now happens on Flare. XRP-denominated PTs on Spectra: app.spectra.finance/fixed-ra…

Year one of FXRP put XRP to work. FIP.16 made that work pay $FLR. The XRPFi events that already route to FIRE: → FAssets minting → FXRP destination tags → FDC attestations → redemptions Year two is shaping up to have more of those events.

One year of FXRP, on-chain: → 145.1M FXRP minted year to date → 130M FXRP (89%) working across DeFi → 7.8M DeFi transactions → ~24,000 smart accounts → 21M FXRP live across six other chains Capital made productive and observable→ dune.com/flare/fxrp-defi

One year ago today FXRP woke up and gave XRP a second life. "Put your XRP to work" has a whole new meaning now. For the first time, XRP holders could actually earn onchain yield with their XRP without giving up on custody. The flow got even more simple over time: → Connect to FSA via Bifrost Wallet → Deposit into FXRP vaults with a single signature Congrats to the community. Congrats to the @FlareNetworks team.

Today FXRP turns one year old. 🥳 In its first year, XRP has moved into a much broader DeFi design space on Flare, with FXRP now used across lending, liquidity, vaults and more. What would you like builders to create around FXRP over the next year?

A year ago FXRP was a new asset and nobody knew how far builders would take it. One year later, an entire XRPFi stack is forming around it. Builders turned XRP into collateral, liquidity, yield, credit, derivatives and cross-chain infrastructure. Year one was about making XRP programmable and putting it to work. Now build what comes next.

xrpfi was never a single dapp... it's a universe, built by many builders who started as dreamers asking what xrp could unlock with programmability, composability and permissionless access one year in. thank you to everyone who proved it could work. now we're onto the next piece: FCC - confidential compute for more assets coming onchain in the tokenize-everything era who's ready? 💫

FXRP’nin bir yılda kullanım alanlarının bu kadar genişlemesi, XRP’nin farklı DeFi senaryolarında nasıl konumlanabileceğini göstermesi açısından dikkat çekici. Özellikle XRPL ile akıllı sözleşme ekosistemleri arasındaki bağlantının güçlenmesi, önümüzdeki dönemde takip edin

A year of FXRP on @FlareNetworks, and XRP-backed onchain cover is live soon. Here is how to get your XRP onto Firelight in Phase 2: → One-click from XRPL via Flare Smart Accounts → Or mint FXRP through FAssets Your XRP, backing the protocols it moves through. 🔥

We celebrate one year of FXRP and a year of fixed-term markets built around it on Spectra @FlareNetworks. 23M+ FXRP units flowed into the protocol this year, counting raw FXRP and assets denominated in it, across thousands of wallets trading yield and providing liquidity. • $50M+ in XRP yield trading volume this year • $25M in DEX volume on XRP pools in Q1 alone • 13.5M FXRP held in May, an all-time high • #1 Spectra deployment by TVL: Flare, largely driven by FXRP In June, the @GamiLabs FXRP Yield Prime MetaVault ran the first rollover across fixed-term markets at scale, carrying $4M+ into new pools while LPs kept their positions. It was a historic milestone for the onchain economy. The vault remains the largest on Flare fully composed of XRP-denominated assets. XRP markets → app.spectra.finance/pools?s=… MetaVaults on Flare → app.spectra.finance/metavaul… Congrats to the Flare community on the first year of FXRP. Spectra is here for the XRP Finance movement taking shape on the network.