DefiLlama report: nearly 90% of FXRP supply is locked in DeFi

Nearly 90% of circulating FXRP supply is deployed across DeFi protocols. Flare Data Connector fees now account for 45% of protocol revenue. Flare plans Bitcoin integration and mainnet deployment of confidential computing. Nearly 90% of the circulating supply of FXRP, Flare’s XRP-focused token, is deployed across decentralised finance (DeFi) protocols, according to a new report by DefiLlama examining the blockchain network’s adoption, technology and token economics. The analysis found that approximately 129 million of the 145 million FXRP tokens in circulation were deployed across DeFi applications.

Source: CoinJournal