Flare Network has successfully bridged $43 million worth of XRP to mint FXRP, a wrapped version of XRP on its blockchain. The total supply of FXRP has now reached 15 million, with a total value locked (TVL) of $43.04 million. Due to high demand, the Flare team has consistently reached its weekly minting cap of 5 million FXRP within hours. To enhance accessibility, a new minting cap is set for October 9, aligned with the U.S. timezone.
Flare Network Bridges $43M in XRP as FXRP Supply Hits 15M
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.