Flare Network data reveals that 80% of FXRP is currently locked in decentralized finance (DeFi) applications, highlighting a significant shift in XRP's utility. This development is accompanied by over $125 million in DeFi exploit activity across Flare-based protocols, indicating robust engagement.
The adoption of XRP in DeFi has attracted 5,800 users and facilitated 1.2 million transactions, according to the latest figures. Additionally, inflation data from the XRP Ledger points to increasing liquidity, challenging the perception of XRP holders as passive investors. These metrics underscore a growing trend of active participation and utilization of XRP in the DeFi space.
80% of FXRP Locked in DeFi, Signaling Strong XRP Adoption
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