Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH
The post Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH appeared on BitcoinEthereumNews.com.
Flare Network has recorded over $43 million worth of XRP now bridged onto its blockchain. This comes as a crypto expert predicts a potential breakout that could push the token toward a new all-time high (ATH). Flare Network’s Hit Liquidity Milestone In a recent X post, Flare Network co-founder Hugo Philion confirmed that the network now hosts $43 million in bridged XRP. The assets were used to mint FXRP, a wrapped version of the altcoin native to the Flare blockchain. Users can engage in activities like lending and yield generation with the token without having to sell their primary holdings. This milestone follows the launch of Flare’s stablecoin backed by XRP via Enosys Liquity V2. For DeFi protocols developed on the network, the stablecoin offers deeper liquidity and improves capital efficiency. Wrapped Flare (wFLR) is used as collateral for the stablecoin, increasing its on-chain usefulness. The stablecoin product came after Flare Network rolled out Firelight. It is an institutional-grade product designed to deploy billions of XRP on the network. Firelight helps investors earn yield by using a liquid staking system. Furthermore, the network reported that more than 15 million tokens are currently in motion on its network. This suggests that users experimenting with the FXRP model are adopting it more frequently. 15,000,000 XRP on Flare – in motion. The XRPFi flywheel is just getting started pic.twitter.com/CFLdTveWZv — Flare ☀️ (@FlareNetworks) October 9, 2025 Data from Dune Analytics further shows that demand for FXRP is increasing. Daily transactions and wallet interactions have been rising steadily since the feature launched. Source: Dune Expert Sees XRP Rally Toward New Highs The strong on-chain activity has sparked bullish predictions from analysts. Prominent expert EGRAG CRYPTO described the current market structure for the token as “super bullish.” Source: X The expert also noted that the…
