Flare news today is centered on the continued expansion of FXRP and the effect of the network’s FIP.16 tokenomics changes, although no new official Flare announcement dated September 28–30, 2026, was identified. The latest verified market snapshot shows FLR at $0.007614, up +8.65% over 24 hours.
Flare news today: FXRP remains the main catalyst
Flare’s latest official update, published September 24, marked one year since FXRP went live on mainnet. The anniversary report said approximately 145.2 million FXRP had been minted, with about 130 million FXRP deployed in DeFi across roughly 7.8 million transactions. Around 21 million FXRP was also circulating on other networks through LayerZero’s Omnichain Fungible Token standard.
The update described FXRP as a way to make XRP usable in programmable financial applications while keeping the underlying XRP on the XRP Ledger. During the past year, FXRP expanded across Ethereum, Base, BNB Smart Chain, Monad, Katana, HyperEVM and HyperCore. Flare also highlighted lending, staking, yield and derivatives applications built around the asset.
A related development is FXRP’s use as collateral in lending markets. Flare said an RLUSD market on Morpho, operated through Sentora, had reached a $7.85 million cap, with $7.9 million RLUSD supplied against 10.6 million FXRP collateral at the time of the report. That activity supports Flare’s broader “XRPFi” strategy, which aims to turn XRP holdings into productive collateral without requiring users to move the underlying asset away from the XRP Ledger.
FIP.16 changes FLR’s supply outlook
FIP.16 remains another important factor behind current FLR market attention. The proposal reduced annual FLR inflation from 5% to 3% and directed recurring network fees to the Flare Income Reinvestment Entity, or FIRE. The mechanism is intended to support buybacks and burns, subject to governance-approved allocations and network activity.
Flare’s September 24 report said FIRE had accumulated $44,632 at that point. The figure indicates that the fee-recycling mechanism is active, but its longer-term effect on supply will depend on transaction growth, FXRP usage and other applications generating fees.
FLR currently has a market capitalization of $662.49M, ranking #134, with $6.88M in 24-hour trading volume. Its circulating supply is 87,006,494,081 FLR, compared with a total supply of 106,656,494,923 FLR. The token remains 94.93% below its all-time high of $0.1501, leaving market performance closely tied to whether Flare’s DeFi activity translates into sustained fee generation and demand for FLR.