Flare’s FXRP token has marked its first anniversary, expanding beyond initial liquidity pools into lending, staking, vaults, and credit markets. Launched on September 24, 2025, as the first asset in Flare’s FAssets system, FXRP’s initial 5 million minting limit was filled within roughly four hours. Over the past year, protocols including Kinetic, SparkDEX, BlazeSwap, Enosys, Firelight, Spectra, Upshift, and Clearstar have built products around the token, adding lending markets, liquidity venues, onchain cover, yield trading, vault strategies, and debt collateral capabilities. FXRP has also expanded to Ethereum and Base in 2026 and gained integration with hardware wallets via D’CENT.
The first anniversary of Flare’s FXRP token marks a significant expansion of financial applications available to XRP holders. The token, which went live on September 24, 2025, is an ERC-20 representation of XRP backed by the XRP Ledger through the FAssets system.
Flare uses its oracle protocol FDC to verify activity on the XRPL. Several protocols have since built products around FXRP, including Kinetic for lending markets and SparkDEX, BlazeSwap, and Enosys for liquidity venues.
Firelight uses FXRP to build onchain cover, turning staked XRP into capital against risks like exploits and bad debt. Spectra introduced fixed-rate and yield trading, while Upshift’s earnXRP and Clearstar added vault-based strategies.
Enosys also allows users to use FXRP as collateral for debt. Flare Smart Accounts connect XRPL activity with applications on Flare, and were integrated with the Xaman wallet in February 2026 through earnXRP.
Later updates added more wallet support and reduced some processes to a single XRP Ledger signature. The network released FAssets v1.3 in May, adding destination-tag minting to ease integrations with exchanges and custodians.
FXRP expanded to Ethereum and Base in 2026. A Morpho market built with Sentora in August allowed FXRP to be supplied as collateral for borrowing RLUSD on Ethereum, extending its use into credit markets.
Flare also changed its token economics via FIP.16, cutting annual FLR issuance from 5% to 3% and reducing the annual issuance ceiling from 5 billion to 3 billion FLR. The network is developing Flare Confidential Compute and Protocol Managed Wallets, with an initial deployment path through Songbird.
Flare stated the technology is intended to support assets beyond XRP, with data protocols integrated into network consensus. That model allows assets issued elsewhere to be verified and used without leaving their original ledger, with FXRP as the first production example.
In May, Flare expanded its XRPFi push through a partnership with D’CENT Wallet, giving hardware-wallet users direct access to XRP yield products. The integration, built around Flare Smart Accounts, let users access the Monarq XRP Yield Vault and earnXRP with two signatures on the XRP Ledger.
The move was part of the newly formed XRP Alliance, which also includes Doppler, Banxa, and Squid.
