DefiLlama Report Reveals How Flare Is Turning XRP Into DeFi Capital — What Does It Mean for XRP?

The DefiLlama report is a positive but small-scale utility signal for XRP —not a direct supply shock or near-term price catalyst. It shows that when XRP is given a DeFi-compatible wrapper , holders actually use it as productive capital. But the amounts are still tiny relative to XRP’s total supply, and much of the activity is leverage-related rather than organic spot demand. What DefiLlama actually found The report , published 21 October 2026 , focuses on Flare’s FXRP , a 1:1 representation of XRP minted through Flare’s FAssets system. 145 million FXRP were in circulation, equal to only about 0.23% of circulating XRP . 129 million FXRP—nearly 90%—was deployed in DeFi , not sitting idle in wallets .

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Economy.