# Flare’s FAsset Representation of XRP (FXRP) Has Nearly 90% of Supply in DeFi By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/37369 Published: 2026-10-22T03:02:14.000Z Updated: 2026-10-22T03:02:14.000Z Section: Investing > About 95% of the FXRP deployed on July 9 remained deployed by Oct. 5. Lending markets held the largest share, at 52%. Nearly 90% of Flare’s FAsset representation of XRP (FXRP) supply was deployed in decentralized finance by Oct. 5, while about 95% of the July deployed amount remained after liquidity incentives ended. FXRP represents XRP for use in DeFi applications. The XRP Ledger does not support general-purpose smart contracts, so FXRP lets XRP-linked value be used in applications built for those functions. The near-90% figure compares about 129 million deployed FXRP with roughly 145 million in circulation as of late September. A separate comparison tracks the deployed amount over time: it fell about 5%, from 136 million on July 9, just before the incentive program ended, to 129 million by October. That means roughly 95% of the July amount remained deployed; the supply share and the retention rate describe different comparisons. Lending markets held about 52% of deployed FXRP in the October distribution. Firelight staking accounted for 39%, while decentralized exchange liquidity made up 8%. Flare’s [earlier focus on XRP lending alongside a proposed XRP Ledger system]() addressed the use of FXRP in credit markets. The distribution across networks also shifted. DeFi applications on Flare held 109 million FXRP in October, down from 132 million in July. Deployments on other networks rose from 4 million to 20 million, mainly on Ethereum and Monad. Fees from Flare Data Connector attestations, which verify events on other networks, made up 45% of revenue in the Flare Income Reinvestment Entity (FIRE). FIRE is the umbrella entity that controls network revenues under FIP.16. Flare has announced FBTC to bring Bitcoin (BTC) into its FAssets system. A mainnet deployment of Confidential Compute is also planned. ## Links in this article - [earlier focus on XRP lending alongside a proposed XRP Ledger system](https://www.tokenpost.com/news/technology/27540)