Flare Network's XRP DeFi Ecosystem Fails to Impress with Only 80 New Users Per Day, Native Token Hits All-Time Low

Flare Network's XRP DeFi ecosystem averages fewer than 80 new users per day, despite cofounder Hugo Philion predicting $1 billion in XRP locked on his blockchain last year. The network's native token, FLR, has also performed poorly, trading at an all-time low of $0.0079 and experiencing a 20-fold dilution in circulating supply. Philion has escalated his predictions, claiming Flare could hold 5 billion XRP by mid-2026.