Flare Network has strengthened its position in XRP-focused decentralized finance following an 8 million FXRP stake on its Firelight protocol. Kristaps Grinbergs, a developer relations engineer at Flare, highlighted this development as a significant step in building a robust foundation for XRP finance. The transaction, confirmed by Flare co-founder Hugo Philion, was executed by an undisclosed institution, marking a notable commitment to the ecosystem. On April 21, Firelight recorded a total inflow of 9.014 million FXRP, with the single 8 million FXRP stake being the largest in over a month and the second highest this year. This brings Firelight's total inflows to 75.52 million FXRP, with a net inflow of 58.38 million FXRP. Flare's total value locked now stands at 155.7 million XRP, equivalent to $219.63 million, with Firelight accounting for 32% of this value. FXRP, a non-custodial, overcollateralized version of XRP, enables participation in DeFi activities such as lending, borrowing, and staking within the Flare ecosystem. Firelight, developed in partnership with Sentora, offers institutional-level staking and protection, allowing users to stake FXRP and receive stXRP, a liquid token for DeFi use while earning rewards.