The bullish case for XRP is strengthening as new data highlights growing decentralised finance activity linked to the XRP Ledger.
Blockchain infrastructure provider Flare Network shared updated metrics showing sustained demand for XRP-based DeFi products.
Flare said recent data challenges the perception that XRP holders are largely passive participants in the crypto market.
The firm pointed to FXRP metrics as evidence of increasing user engagement and liquidity depth.
XRP holders are often seen as passive and not DeFi users, but FXRP data tells a different story.
The Flare team said.
Flare reported that more than 80% of FXRP supply is currently locked in decentralised finance applications.
This represents approximately $125.8 million actively deployed across Flare-based DeFi protocols.
The data covers a period described as a weak broader market environment.
Flare said user numbers continued to rise even as market conditions remained subdued.
The team said capital stayed locked and adoption followed a steady, incremental pattern rather than yield chasing.