Flare Rewind: 2025

2025 was Flare’s biggest year. From USDT0 to FAssets, the past 12 months saw ecosystem expansion and Flare’s vision for XRPFi come to life. December 2024’s FXRP launch on Songbird, Flare’s canary network, gave us momentum transitioning into 2025 and valuable insights for mainnet launch later in the year. Flare had also seen a 400% increase in YoY TVL coming into 2025, so the pieces were lined up for what followed.

Let’s do a rewind to see how it all played out.

January

What if you got paid for your creativity? We kicked off 2025 by answering this question with the Flare Content Bounty. It was our way of recognizing community-led Flareducation, which set the tone for a year that would continue to put builders and creators at the center. 

Behind the scenes, Flare also improved infrastructure provider performance with minimal condition incentive structure.  

February

Flare Fair opened its doors in February, gamifying the Flare DeFi experience with a range of DeFi tasks and corresponding rewards. February also saw Flare team up with Google for the Verifiable AI Hackathon to showcase what’s possible when blockchain, data, and AI intersect.

March

In March, we put on our serious builder hats.

Flare got major infrastructure upgrades with Flare 2.0, which introduced deeper future integration between Trusted Execution Environments (TEEs) and Flare’s data protocols to enable Protocol Managed Wallets. 

On the adoption side, Turnkey’s embedded wallets lowered friction for onboarding newcomers to Flare. 

April

USD₮0 arrived on Flare, which significantly expanded stablecoin liquidity and composability. Within the first two weeks of USD₮0, Flare’s Total Value Locked (TVL) surged from ~$37 million to over ~$120 million. It also made USD₮0 the majority of stablecoin liquidity on Flare.

In other big April news, on a slightly overcast day, a certain beloved Flare bear was born. 

May

Flare doubled down on stablecoins while XRP utility accelerated. USD₮0 adoption continued to grow on Flare, providing deeper on-chain liquidity ahead of future XRPFi activity. USDT soon became withdrawable on Kraken as USD₮0, making it easy for users to withdraw USD₮0 directly to their Flare wallets. 

Flare also distributed the FAssets Retroactive Airdrop to reward early users who participated in FAssets testing on Coston. On Songbird, FAssets v1.1 launched, setting the stage for a smoother path to scaling ahead of mainnet by supporting unlimited FXRP minting and lower capital requirements for agents.

June

Institutions entered the chat. The VivoPower and Apex integrations signaled growing enterprise interest. The BitGo partnership brought institutional-grade custody to Flare. Additionally, our partnership with EasyA helped us strengthen developer education.

July

July was a birthday month, with Flare turning three years old. Just in time for the Flare anniversary, Flare hit new milestones like 240 million total transactions and 3.9 million wallet addresses created.

July marked one year since LayerZero V2 connected Flare to 75 chains. In that time, Stargate played a significant role in bridging stablecoins and blue chip assets to Flare, which laid the foundation for future XRPFi success. Speaking of which, the following months were geared toward getting FAssets ready for mainnet launch. 

August

January’s Content Bounty set the stage for the larger Community Growth Grant that started in August. The grant was designed to empower passionate creators, researchers, and event organizers driving Flare forward. We saw many incredible submissions and ultimately selected eleven winners in the following month.

Luminite wallet launched in August, adding a new way to onboard users seamlessly via Luminite’s Turnkey embedded wallet infrastructure. Luminite simplified the wallet setup and onboarding process, serving as a gateway to Flare DeFi. 

September

September was a turning point for Flare DeFi. At long last, FAssets went live on mainnet, starting with FXRP. FXRP unlocked real DeFi utility for XRP holders, who historically lacked options for putting their idle assets to work. Within only four hours of launch, the 5M FXRP minting cap was reached. Each of the following minting cap raises were met over the course of the next several weeks. 

Outside of FAssets, Flare’s ecosystem matured with broader DeFi depth with integrations like Hyperliquid, which enabled native FLR spot trading and extended FLR’s reach. Flamix, a perpetuals dApp powered by Flare’s data protocols, also launched in September. Support from Dfns wallets improved access for institutions and developers, while the Harvard Hackathon underscored a growing interest in Flare’s on-chain data stack. 

October

October was Flare’s glow-up month, when all of the progress Flare made translated into real, visible momentum. XRPFi adoption took off after FAssets mainnet launch. Adding over 40M in XRP in October alone, Flare officially became the largest EVM DeFi ecosystem for XRP.

Flare took the global stage at TOKEN2049 and brought more eyes to the ecosystem and growing XRPFi narrative. Accessibility also improved with the Telegram wallet integration, which brought Flare to its 100M+ users. Flare also revealed a wallet integration with Xaman, the most popular XRPL wallet, which introduced an easy way for existing XRP holders to mint FXRP from within the UI.

November

Momentum, meet mainstream.

Governance proposals FIP.14 and STP.11 (now passed) introduced support for new FDC Web2 attestations. This expanded Flare’s ability to bring verifiable Web2 data on-chain, empowering RWAs, prediction markets, gaming, social/reputation, DePIN, and more.

Flare also showed up at the Ripple Swell conference in the form of a fleet of NYC taxis rocking Flare and XRPFi cartoppers. Flare also hosted a community meetup, which brought together Flare and Ripple enthusiasts. 

December

And finally, we reach December. Despite the many milestones reached in the 11 months prior, Flare continued building, closing the year strong with the launch of core DeFi primitives. 

Firelight went live, introducing liquid staking for FXRP. Firelight gave XRP holders new ways to earn yield while remaining liquid (via stXRP). Spectra also launched, enabling users to access fixed rates and yield trading, further broadening Flare’s DeFi stack.

Upshift and Clearstar teamed up to launch earnXRP, deploying capital across DeFi strategies in the Flare ecosystem to generate sustainable yield for depositors. And to round out the year, Enosys CDP went live, enabling XRP-backed stablecoin minting on Flare and reinforcing XRPFi’s growing role as a fully on-chain financial stack. 

Looking ahead to 2026

2025 wasn’t defined by any single launch or integration, but rather, the culmination of separate but linked fundamentals. Stablecoin liquidity from USD₮0 laid the groundwork as infrastructure matured. Wallet support and onboarding options were expanded, opening new pathways into Flare. FAssets brought XRP to DeFi, and the financial primitives that followed turned utility into real on-chain activity.

We’re excited to see what the next twelve months bring. We’ve already demonstrated what works and what’s possible when the fundamentals are in place. In 2026, the focus shifts to expanding on what’s already been proven.