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[SITUATION] · [QUIET] · [TECHNOLOGY]

2 clusters · 4 sources · 9 days · First seen · Last updated

FXRP token deployment and ecosystem expansion

Overview

One year after its launch, the FXRP token reached a milestone of approximately 145.2 million minted tokens. Reports indicate that roughly 130 million of these tokens, or about 89.5% of the supply, are deployed within decentralized finance (DeFi) applications such as lending markets, yield strategies, and vaults. FXRP functions as a programmable, 1:1 representation of XRP on the Flare Network, enabling smart contract interaction without moving underlying tokens from the XRP Ledger.

Following this milestone, Doppler and the Flare Network announced an integration to expand XRP holder access to FXRP-based yield products. Through Doppler’s platform, users can connect XRP to structured yield components and external investment strategies via the Flare-based FAssets system. Doppler, which has reported over $150 million in deposits across its XRP and RLUSD products, intends to act as a financial operating layer for tokenized assets.

Entities

XRP · Ethereum · LayerZero · Flare Network · Flare

Timeline

  1. [TECHNOLOGY] 3 sources
    Doppler and Flare expand XRP access to FXRP vaults

    Doppler and Flare Network have integrated to provide XRP holders easier access to FXRP-based yield products and DeFi applications through Doppler’s infrastructure.

  2. [TECHNOLOGY] 2 sources
    Flare reports 145.2 million FXRP minted one year after launch

    One year after launch, 145.2 million FXRP have been minted, with 130 million tokens currently deployed in decentralized finance applications to enable XRP programmability.

Sources

coinedition.com · coinpaper.com · it-boltwise.de · news.bitcoin.com