Flare FXRP Minting Cap Raise
Flare Networks has announced a significant increase in the FXRP minting cap, now allowing 15 million FXRP tokens to be minted. This marks the largest single cap raise on the Flare network to date. The event occurred on October 16, 2025. FXRP is a wrapped token representing XRP on the Flare Network, enabling XRP holders to use their tokens in DeFi applications. Users can mint FXRP through official portals such as https://fassets.au.cc/mint and https://fasset.oracle-daemon.com/flare. Recent News Over the past few months, the FXRP token has seen accelerated adoption with minting caps initially set at 5 million and then gradually increased due to overwhelming demand. The total supply of FXRP has surpassed 15 million tokens, contributing to a total value locked (TVL) growth of $43 million on the Flare Network. Flare's strategic approach has maintained a controlled rollout with weekly minting limits to ensure stability and network security. Future Plans Flare intends to continue scaling FXRP minting based on demand and network capacity, thereby promoting deeper integration of XRP into decentralized finance ecosystems. Upcoming enhancements include expanding FXRP utility across more DeFi platforms and tracking onchain activity to optimize tokenomics. Onchain Data Tokens minted: 15,000,000 FXRP (largest cap raise on Flare to date) TVL: Approximately $43 million (Source: MEXC report) Community Sentiment Sentiment around the FXRP minting cap raise is generally positive. Community members praise the controlled approach and increasing utility of FXRP in DeFi. Some comments on social media include "Great to see XRP getting more DeFi utility," "Excited about the expanded minting cap for FXRP," and "Flare is setting a solid foundation for XRP in DeFi." Risk Disclaimer The minting cap raise could influence FXRP token supply dynamics and price volatility. Participants should consider this when engaging with FXRP minting or trading. Sources used https://x.com/FlareNetworks/status/1978770422523900294 https://coincentral.com/flare-network-bridges-43m-in-xrp-as-fxrp-minting-surpasses-15m-supply/ https://www.mexc.co/fil-PH/news/flare-network-bridges-43m-in-xrp-as-fxrp-minting-surpasses-15m-supply/124385
Flare
October 16

