Flare announced a governance proposal on April 10. The plan is to capture the maximum extractable value (MEV) to the protocol layer through a newly established entity called FIRE, and to repurchase and burn FLR tokens. The proposal includes a three-stage block-building reshaping, along with the FLR annual inflation rate and an annual hard cap reduction, with the goal of optimizing the network’s economic model and improving protocol transparency and security.

Since the launch of the Flare Network's XRP DeFi ecosystem six months ago, new user growth has fallen far below expectations, with an average of only 76 new users per day. The native token FLR has seen a significant price drop since the airdrop in 2023, leading to stagnation in ecosystem development, with major challenges in user expansion and asset locking.

Flare CEO Hugo Philion mentioned in an interview that if market conditions are favorable, by mid-2026, the XRP usage on the Flare network could reach 5 billion tokens. He emphasized the progress of negotiations with partners and pointed out that Flare is collaborating with Xaman to develop smart account features, which will simplify the XRP staking process. In terms of data, the circulating supply of FXRP on Flare has surpassed 100 million tokens, with approximately 89% locked in DeFi protocols. Philion believes that the financialization of XRP will reshape market perception, and Flare is committed to expanding its usage scale.

PANews February 23 News, Driven by Asian morning risk aversion sentiment, gold and silver prices rose. Trump announced on Saturday that the global tariff rate will be increased to 15% to replace several tariffs declared illegal by the Supreme Court. ANZ Bank analysis pointed out that this move has intensified trade tensions and may further stimulate safe-haven buying, supporting higher gold and silver prices. Gold rose 0.68% to $5140, and silver increased 2.4% to $87.

Digital asset custody firm Hex Trust announces the provision of XRP DeFi access for institutional clients. Through its platform, users can mint and redeem FXRP while maintaining custody control and supporting native FLR staking. Flare also launches the FXRP lending market, allowing users to benefit without selling XRP.

The blockchain network Flare integrates with the Morpho protocol to enable lending and borrowing for its XRP-pegged asset FXRP, allowing XRP holders to deposit FXRP to earn interest or use it as collateral to borrow other assets. The feature is accessible through the Mystic app and initially supports lending pools for FXRP, FLR, and USDT0.

Flare launches its first XRP spot market on Hyperliquid, introducing FXRP and opening the FXRP/USDC trading pair, expanding XRP's application in DeFi, enhancing spot liquidity, while maintaining decentralized custody.

Odaily News Layer 1 Blockchain Flare announced a joint launch of the XRP earning product earnXRP with the DeFi platform Upshift Finance, which provides yield vault infrastructure, and the on-chain risk management company Clearstar. This allows users to deposit FXRP (the wrapped version of XRP on Flare) into a single vault, which will deploy the funds into various on-chain strategies to generate yield denominated in XRP.

The US spot XRP ETF continues to attract capital, with net inflows for 12 consecutive days as of December 2, bringing total assets under management to $844.9 million—just one step away from the $1 billion AUM milestone. On December 1, there was an inflow of $89.65 million, followed by an additional $67.7 million the next day. Meanwhile, companies such as Invesco and Franklin Templeton have submitted applications to launch their own XRP ETFs. In comparison, the spot Solana ETF has an AUM of $651 million, while spot Bitcoin and Ethereum ETFs have $57.7 billion and $12.8 billion, respectively. In the DeFi sector, XRP is seeing new staking opportunities. The Firelight protocol, incubated by Sentora and supported by Flare, has launched an on-chain insurance product based on staking, offering yield options for XRP holders and addressing the insurance gap for over $1 billion in annual losses from exploit attacks, bringing real economic value to investors.

Decentralized finance (DeFi) protocol Firelight has announced the launch of a new XRP staking feature, providing on-chain risk protection for DeFi protocols while offering additional returns for XRP holders. This mechanism is supported by Flare Network and developed by Sentora, aiming to enhance DeFi security and address the industry's longstanding challenges of hacks and vulnerability losses. According to the introduction, XRP users can stake their tokens on Firelight and receive tradable ERC-20 tokens called stXRP. stXRP can be used within the Flare ecosystem and also represents the user’s participation in the Firelight insurance pool, serving as a source of risk protection for DeFi protocols. In recent years, hacks have resulted in billions of dollars in losses annually, and Firelight’s insurance pool mechanism provides protocols with a form of “on-chain insurance” protection.