{"id":14756,"date":"2026-10-21T15:05:51","date_gmt":"2026-10-21T15:05:51","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14756"},"modified":"2026-10-21T15:05:51","modified_gmt":"2026-10-21T15:05:51","slug":"defillama-report-nearly-90-of-fxrp-supply-is-locked-in-defi","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14756","title":{"rendered":"DefiLlama report: nearly 90% of FXRP supply is locked in DeFi"},"content":{"rendered":"

<\/p>\n

\n
\n
\n\"\"\n<\/picture> <\/div>\n<\/p><\/div>\n
    \n
  • Nearly 90% of circulating FXRP supply is deployed across DeFi protocols.<\/li>\n
  • Flare Data Connector fees now account for 45% of protocol revenue.<\/li>\n
  • Flare plans Bitcoin integration and mainnet deployment of confidential computing.<\/li>\n<\/ul>\n

    Nearly 90% of the circulating supply of FXRP, Flare\u2019s XRP-focused token, is deployed across decentralised finance (DeFi) protocols, according to a new report by DefiLlama examining the blockchain network\u2019s adoption, technology and token economics.<\/p>\n

    The analysis found that approximately 129 million of the 145 million FXRP tokens in circulation were deployed across DeFi applications.<\/p>\n

    The findings highlight the growing use of XRP-linked assets in lending, borrowing and other decentralised financial services.<\/p>\n

    FXRP launched in September 2025 through Flare\u2019s FAssets system, which enables XRP holders to access DeFi opportunities.<\/p>\n

    Flare is an Ethereum Virtual Machine-compatible Layer 1 blockchain focused on decentralised data infrastructure.<\/p>\n

    Lending markets account for the largest FXRP deployment<\/b><\/h2>\n

    Lending markets represent the largest use of deployed FXRP, with activity across Morpho and Kinetic on Flare, Morpho on Ethereum and Euler on Monad.<\/p>\n

    Much of the token supply is used as collateral, allowing holders to borrow against their XRP exposure instead of selling their holdings.<\/p>\n

    This creates a way for investors to access liquidity while retaining exposure to the underlying asset.<\/p>\n

    The report highlighted activity in Sentora\u2019s RLUSD vault on Morpho, where 10.6 million FXRP tokens backed $7.9 million of RLUSD supplied in late September.<\/p>\n

    The figures indicate that FXRP is being used beyond simple token transfers, with holders deploying the asset into lending markets and other financial applications.<\/p>\n

    Cross-chain adoption has also expanded. Approximately 20 million FXRP tokens are now deployed outside Flare, representing a fivefold increase since July.<\/p>\n

    Issued as a LayerZero Omnichain Fungible Token, FXRP has expanded to seven networks.<\/p>\n

    The token also became the first XRP spot pair on HyperCore in January, according to the announcement.<\/p>\n

    Flare data fees become its fastest-growing revenue source<\/b><\/h2>\n

    Beyond its XRP-focused DeFi ecosystem, the report examined the development of Flare\u2019s data infrastructure and its contribution to network revenue.<\/p>\n

    Since the implementation of FIP.16, fees generated by the Flare Data Connector have grown faster than those of any other protocol revenue source.<\/p>\n

    The connector verifies events occurring on other blockchain networks and now accounts for 45% of Flare\u2019s total protocol revenue.<\/p>\n

    The report also identified a change in FLR staking patterns.<\/p>\n

    Between April and August, the share of staked or delegated FLR represented by directly staked tokens rose from approximately 32% to 46%.<\/p>\n

    The shift followed a July hard fork that gave greater weight to direct staking.<\/p>\n

    These developments suggest that Flare\u2019s data-related services are becoming a more significant component of its network economics, alongside the growth of applications built around XRP.<\/p>\n

    Confidential computing and Bitcoin integration are next milestones<\/b><\/h2>\n

    Flare is also developing Flare Confidential Compute (FCC), a system designed to let smart contracts verify results derived from private institutional data without exposing sensitive information.<\/p>\n

    Its first institutional application is live on the Songbird canary network and supports proof of reserves for Hex Trust\u2019s USDX stablecoin.<\/p>\n

    DefiLlama described the potential role of the technology as expanding beyond conventional data feeds.<\/p>\n

    The report stated that as applications grow, FCC \u201cbecomes closer to an oracle primitive for private data, playing the role for institutional information that FTSO plays for public prices.\u201d<\/p>\n

    Looking ahead, the report identified the planned FBTC product for Bitcoin integration, the mainnet deployment of Confidential Compute and higher protocol revenue as key milestones for Flare.<\/p>\n

    Progress on these initiatives will help determine whether the network can extend its data infrastructure beyond XRP-focused applications and attract broader institutional participation in decentralised finance.<\/p>\n

    \n
    \n
    Share this article<\/h6>\n
    \n
    Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n

    Financial Technology,Markets#DefiLlama #report #FXRP #supply #locked #DeFi1792595151<\/p>\n","protected":false},"excerpt":{"rendered":"

    Nearly 90% of circulating FXRP supply is deployed across DeFi protocols. Flare Data Connector fees now account for 45% of protocol revenue. Flare plans Bitcoin integration and mainnet deployment of confidential computing. Nearly 90% of the circulating supply of FXRP, Flare\u2019s XRP-focused token, is deployed across decentralised finance (DeFi) protocols, according to a new report<\/p>\n","protected":false},"author":1,"featured_media":14757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-14756","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\nDefiLlama report: nearly 90% of FXRP supply is locked in DeFi - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"DefiLlama finds nearly 90% of FXRP supply is deployed in DeFi, while Flare's data connector accounts for 45% of its protocol revenue.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14756\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DefiLlama report: nearly 90% of FXRP supply is locked in DeFi\" \/>\n<meta property=\"og:description\" content=\"DefiLlama finds nearly 90% of FXRP supply is deployed in DeFi, while Flare's data connector accounts for 45% of its protocol revenue.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=14756\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-21T15:05:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/Neon-DeFi-Ecosystem-Network-1024x512.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14756\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=14756\",\"name\":\"DefiLlama report: nearly 90% of FXRP supply is locked in DeFi - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14756#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14756#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/Neon-DeFi-Ecosystem-Network.png\",\"datePublished\":\"2026-10-21T15:05:51+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"DefiLlama finds nearly 90% of FXRP supply is deployed in DeFi, while Flare's data connector accounts for 45% of its protocol revenue.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14756#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=14756\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14756#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/Neon-DeFi-Ecosystem-Network.png\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/Neon-DeFi-Ecosystem-Network.png\",\"width\":1774,\"height\":887},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14756#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DefiLlama report: nearly 90% of FXRP supply is locked in DeFi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto & Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"DefiLlama report: nearly 90% of FXRP supply is locked in DeFi - Crypto News: Latest Cryptocurrency News and Analysis","description":"DefiLlama finds nearly 90% of FXRP supply is deployed in DeFi, while Flare's data connector accounts for 45% of its protocol revenue.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=14756","og_locale":"en_US","og_type":"article","og_title":"DefiLlama report: nearly 90% of FXRP supply is locked in DeFi","og_description":"DefiLlama finds nearly 90% of FXRP supply is deployed in DeFi, while Flare's data connector accounts for 45% of its protocol revenue.","og_url":"https:\/\/cryptonews.uk.com\/?p=14756","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-10-21T15:05:51+00:00","og_image":[{"width":1024,"height":512,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/Neon-DeFi-Ecosystem-Network-1024x512.png","type":"image\/png"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=14756","url":"https:\/\/cryptonews.uk.com\/?p=14756","name":"DefiLlama report: nearly 90% of FXRP supply is locked in DeFi - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=14756#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=14756#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/Neon-DeFi-Ecosystem-Network.png","datePublished":"2026-10-21T15:05:51+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"DefiLlama finds nearly 90% of FXRP supply is deployed in DeFi, while Flare's data connector accounts for 45% of its protocol revenue.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=14756#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=14756"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=14756#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/Neon-DeFi-Ecosystem-Network.png","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/Neon-DeFi-Ecosystem-Network.png","width":1774,"height":887},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=14756#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"DefiLlama report: nearly 90% of FXRP supply is locked in DeFi"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto & Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/14756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14756"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/14756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/14757"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}