Flare Network Records New Achievement with $43 Million XRP Bridged

Jakarta, Pintu News – Flare Network recently reached a significant milestone by successfully brokering $43 million worth of Ripple (XRP) assets. The assets were used to create FXRP, a wrapped version of Ripple (XRP) that operates on the Flare blockchain.

With FXRP, users can perform activities such as lending and yield generation without having to sell their primary holdings. This achievement marks a big step for Flare Network in integrating more decentralized finance (DeFi) functions.

Flare Network Liquidity Milestone

This progress was followed by the launch of a stablecoin backed by Ripple (XRP) through Enosys Liquity V2. This stablecoin provides deeper liquidity and improved capital efficiency for the DeFi protocol developed on the network. Wrapped Flare (wFLR) is used as collateral for the stablecoin, which increases its usability within the network.

The stablecoin product follows on from Flare Network’s earlier initiative to launch Firelight, a product designed for institutions to deploy billions of Ripple (XRP) on the network. Firelight helps investors earn yield through a liquid staking system.

In addition, the network reported that more than 15 million tokens are currently moving on its network. This suggests that users experimenting with the FXRP model are increasingly adopting it.

Read also: Arthur Hayes: “Bitcoin(BTC)’s 4 Year Cycle is Over, Long Live Liquidity!”

Ripple (XRP) Price Increase Prediction

This strong on-chain activity has triggered bullish predictions from analysts. EGRAG CRYPTO, a leading expert, described the current market structure for the token as “super bullish”. The expert also noted that the asset remains technically above the $2.77 mark.

According to him, the short-term volatility is just “noise” before the big upward surge. EGRAG predicts that the token may soon break the previous record high to reach a new record high (ATH). Increased investment from institutions could lead to sustained price increases when market conditions are right.

Also read: ETH Price is Predicted to Reach $12,000, This is Analysis from Experts!

Institutional Interest and the Outlook for ETFs

In addition, institutional interest in altcoins continues to rise. Recently, Reliance Global Group added $17 million worth of Ripple (XRP) tokens to its digital asset collection. This purchase shows the trend of companies diversifying by holding these tokens.

There is also growing excitement as the US SEC is scheduled to review several applications for a Ripple (XRP) ETF in October. Approval could see this altcoin become the third significant cryptocurrency to gain US-listed ETF status, with companies such as Greyscale, Bitwise, and WisdomTree among the applicants.

Conclusion

With new achievements and encouraging predictions, Flare Network seems to be heading towards a new era in the cryptocurrency ecosystem. Continuous integration and innovation is expected to bring more adoption and increased value for Ripple (XRP) and other related products in the future.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Flare Network Surpasses $43M in Bridged XRP, Expert Predicts Breakout to New ATH. Accessed on October 10, 2025
• Featured Image: Gate io