XRP Enters DeFi: Flare’s FXRP Unlocks $130B Liquidity

For years, XRP holders were largely shut out of decentralized finance due to the XRP Ledger’s lack of smart contract capabilities. That is finally changing. XRP, one of the largest cryptocurrencies by market cap, has long been locked out of decentralized finance (DeFi) due to the XRP Ledger’s lack of smart contract capabilities. Now that is changing. Flare, a Layer-1 blockchain, is making it possible by minting FXRP, a DeFi-ready version of XRP, using its own trustless infrastructure. With a growing ecosystem built around FXRP, this development marks a pivotal moment for both retail users and institutions, according to

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