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Interesting... The CEO of Flare just mentioned that XRP holdings on the Flare platform increased by over 10% in a single day, and this happened while the entire market was falling. At the end of February, we saw that sharp crash, with XRP dropping from $1.42 to $1.30 along with everything else. But apparently, while most traders were selling, the movement within the Flare crypto ecosystem was going against the trend.
What draws attention is that this doesn't seem to be just speculation. Flare confirmed that over 3 million XRP were transferred to the network within 24 hours, converted into FXRP, and deposited into yield protocols. The supply of FXRP has already exceeded 114 million tokens, with nearly 90 million locked in DeFi. In other words, people are really moving XRP to work, not just holding.
The interesting point is that Flare crypto has made this quite easy. After integrating with Xaman Wallet, now it only takes one click to put XRP into yield-generating strategies. It seems to be working, because transaction volume has increased significantly. While the price fluctuates, the actual network usage continues to expand. Keep an eye on this movement.