XRP Surges 7.263% as Firelight Protocol Launches

XRP's latest price was $2.16, up 7.263% in the last 24 hours. This surge in price has been accompanied by significant developments within the XRP ecosystem, particularly with the introduction of Firelight by the Flare Network.

Firelight, a liquid staking protocol, is designed to bring dormant XRP to life through decentralized finance (DeFi). At its core, Firelight allows users to mint FXRP, a fully collateralized representation of XRP on the Flare Network. Once FXRP is deposited into Firelight’s Launch Vault, users receive an equal amount of stXRP—an ERC-20 token that can be traded, lent, or used across DeFi platforms while still earning staking rewards. This approach offers both flexibility and powerful yield-generating opportunities, revolutionizing XRP staking.

Early adopters of Firelight will also earn Firelight Points, an incentive designed to reward participants for engaging with the protocol from the outset. This initiative is backed by significant institutional support, with Nasdaq-listed VivoPower committing $100 million worth of XRP to the Flare ecosystem through Firelight. VivoPower aims to generate stable yield and grow its treasury through this investment. Additionally, Uphold, one of the largest holders of XRP with roughly 1.8 billion tokens in custody, has confirmed plans to integrate FXRP, signaling major institutional confidence in the system.

Testing on Flare’s canary network, Songbird, has shown strong early results, with over $2 million in FXRP minted in just a few days. This has driven a 220% surge in total value locked (TVL) and significantly boosted stablecoin activity. Security and trust are central to Firelight’s design, with all collateral agents being KYC-verified. FXRP is backed by a diversified pool of over-collateralized assets, including FLR and stablecoins. This ensures users can rely on Firelight for both performance and protection, key for attracting institutional and retail investors alike.

Firelight solves one of the XRPL’s current limitations: the absence of native staking. By offering yield on XRP without compromising liquidity, Flare positions itself as a leading hub for XRP-based DeFi—or what some now call “XRPFi.” With XRP’s market cap sitting above $130 billion, even a small portion of assets deployed via Firelight could translate into tens of billions of dollars in active capital. Philion’s vision reflects this potential: a decentralized ecosystem where XRP holders can earn yield, participate in DeFi, and retain liquidity, all without leaving the safety of the Flare ecosystem.

Firelight is currently live on Songbird, with a full launch on Flare’s mainnet expected soon. Once deployed, it could mark a major milestone—not just for Flare, but for XRP as a whole. As Philion put it, this is not just another product. It’s the beginning of a new financial paradigm for XRP holders worldwide. The introduction of Firelight represents a significant step forward for the XRP ecosystem, offering new opportunities for yield generation and DeFi participation while maintaining the security and trust that are central to its design.