XRP’s DeFi Moment? On-Chain Numbers From Flare Tell A Different Story
Momentum around XRP may be entering a new phase as emerging on-chain data shows a growing activity within its broader ecosystem. Recent metrics from Flare, a network designed to bring smart contract functionality and DeFi capabilities to assets like XRP, suggest that decentralized finance participation tied to the network could be gaining traction. What The […]
Related News
Decentralized finance is seen as the next big thing in the cryptocurrency market. However, several top cryptocurrencies are unable to be a part of DeFi and bring value to their holders. This could change very soon as Flare Finance will launch its product on Flare Network. Leveraging the Flare Network, Flare Finance is expected to bring smart contract functionality to XRP, LTC, and DOGE coin making that fully programmable money. Flare Finance DeFi Products Flare […]
Flare Networks says it has turned a chunk of XRP from an idle holding into something that can earn returns. The moves are recent and the numbers are concrete enough to grab attention, yet they raise as many questions as they answer. Related Reading: PayPal Survey: 4 In 10 US Merchants Now Accept Crypto Flare Bridging And Activity According to Flare, roughly 91.69 million XRP have been bridged onto its network. About 75% of that stock is said to be actively put to work onchain. Reports say the Flare vault system shows 90.55 million XRP in its core vault after inflows and outflows were....
Flare Founder Hugo Philion has revealed how his network is utilizing XRP in the decentralized finance (DeFi) space. This includes wrapping the XRP token, which enables users to deploy it on DeFi platforms to earn yield. Flare Founder Breaks Down How They Use XRP For DeFi In an ‘XRP in One Minute’ episode, Philion stated […]
In a massive development, Flare Finance has announced that XinFin Network’s native token XDC will be integrated across all its products. Flare Finance will list XDC against all its F-Assets which at this point in time include FDOGE, FXRP, FADA, FALGO, FLTC, FBCH and FXLM. With FlareWrap integration, XDC would be bridged to Flare Network, […]
Cardano founder Charles Hoskinson has reacted to Flare founder Hugo Philion’s comments, in which Philion highlighted his network’s growth relative to Cardano. Notably, Flare has achieved this growth as one of the largest DeFi providers in the XRP ecosystem. Cardano Founder Reacts To Flare Founder’s Comments In an X post, the Cardano founder remarked that […]