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I noticed an interesting movement in the Flare ecosystem - FXRP just crossed the 100 million token mark.
This happened just five months after the launch of FAssets, indicating strong demand for wrapped XRP and decentralized solutions for this asset.
The most intriguing thing about crypto news regarding Flare is not the number itself, but how it is being used.
More than 60% of FXRP is locked in DeFi protocols like Firelight and Kinetic, where people earn income.
So, this is not just speculative accumulation, but real application.
At the time of recording, the volume was about $140 million across 38,000 transactions.
However, there is one piece of news - Flare has temporarily halted the creation of new FXRP.
Co-founder Hugo Philion announced a pause on FAssets bridges after a security team report.
According to him, there was no hack; they are simply preparing contract updates to enhance security.
The team wants to ensure everything works reliably before continuing to scale.
The update is expected on both networks - Flare and Songbird.