Flare Networks has announced that the supply of FXRP, its wrapped version of XRP, is nearing 100 million tokens, marking a significant milestone in its DeFi initiative. Launched in September 2025, FXRP has seen rapid adoption, with nearly 70% of the supply locked in Flare-based DeFi protocols. The network has attracted 7,016 users and processed over 2.28 million transactions, highlighting strong engagement. Currently, FXRP supply stands at 98.82 million tokens, valued at approximately $145.05 million. The tokens have been minted across 37,570 transactions, reflecting robust network activity. Flare's DeFi ecosystem includes projects like Kinetic and BlazeSwap, offering XRP holders new opportunities for yield generation and liquidity provision. Flare CEO Hugo Philion emphasized the initiative's role in providing XRP holders with passive income opportunities, a feature previously unavailable. Despite potential competition from future XRPL developments, Flare plans to enhance its ecosystem by supporting real-world asset tokenization and offering privacy tools, aiming to broaden its utility and appeal.