Firelight has surpassed 50 million XRP staked on its protocol, marking rapid adoption as demand grows for decentralised finance protection infrastructure.
The milestone follows multiple whale-sized deposits exceeding one million XRP and comes after the protocol quickly filled its initial 25 million FXRP cap within six hours before expanding to 65 million FXRP.
“Firelight is not another audit firm or monitoring dashboard,”
Said Sentora co-founder and chief product officer Jesús Rodríguez.
“It’s an economic layer that prices risk, absorbs losses and continuously signals what’s actually safe.”
Built on the Flare Network, Firelight combines XRP staking with DeFi cover, allowing users to stake XRP as collateral while enabling protocols to purchase protection against exploits, oracle failures and other risks.
The surge in demand comes amid increasing DeFi security incidents, including a recent $23 million exploit, contributing to more than $137 million in losses across 15 incidents in the first quarter of 2026.
Firelight uses Flare’s FAssets system to convert XRP into FXRP and issue stXRP, a liquid staking token that earns rewards while remaining usable across the ecosystem, with full protection features expected in phase two rollout in Q2 2026.
Incubated by Sentora and backed by investors including Ripple and Flare, the protocol reflects growing institutional interest in DeFi as firms seek safer yield opportunities supported by audited infrastructure and onchain risk management systems.
At the time of reporting, XRP price was $1.36.