DefiLlama Report Highlights Flare's Role in Expanding XRP's DeFi Utility
A new DefiLlama report shows how Flare's technology is enabling XRP to be used in DeFi applications, though the scale remains modest.
A new DefiLlama report shows how Flare's technology is enabling XRP to be used in DeFi applications, though the scale remains modest. XRP (XRP) is trading at ₹123 ($1.29), down 2.3% since this brief published. This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Sat, 24 Oct 2026 06:00:02 UTC.
This development demonstrates a potential pathway for XRP to gain utility beyond its traditional use cases, potentially expanding its role in decentralized finance and increasing demand for the token.
- Flare's technology allows XRP to be wrapped for DeFi use.
- XRP's DeFi usage remains small compared to its total supply.
- The activity is largely driven by leveraged positions.
- Ripple's David Schwartz Highlights Retail DeFi Potential on XRP Ledger
- DefiLlama Report Highlights Flare's Role in Expanding XRP's DeFi Utility — this brief
The DefiLlama report, as reported by Crypto Economy, indicates that 
Flare's technology is enabling 
XRP to be used in decentralized finance (DeFi) applications. This is achieved through a process of wrapping XRP, which makes it compatible with DeFi protocols.
While this development is seen as a positive signal for XRP's potential in the DeFi space, the report notes that the amounts of XRP involved are still very small compared to its total supply. This suggests that the impact on XRP's overall market dynamics is currently limited.
The report also highlights that much of the XRP-related DeFi activity is driven by leveraged positions, rather than organic usage. This indicates that the current use of XRP in DeFi is more speculative than functional.
Flare's role in this process is crucial, as it provides the infrastructure that allows XRP to interact with DeFi platforms. This could potentially open up new use cases for XRP and increase its demand in the broader crypto market.
In the current market context, with the total crypto market cap at $2.81 trillion and 
Bitcoin experiencing a 1.37% decline over the past 24 hours, XRP is trading at $1.32, down 1.98% in the last day. Flare (FLR) is also down 1.68% over the same period, currently trading at $0.00627007.
Since this brief published about 28 hours ago, XRP (XRP) has moved from ₹125.45$1.32 to ₹122.60$1.29 — -2.27%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹129.83 (about $1.29), down 2.8% over 24 hours. The rupee itself trades about 5.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
DefiLlama Report Highlights Flare's Role in Expanding XR — questions & answers
What is Flare's role in XRP's DeFi usage?
Flare provides the technology that allows XRP to be wrapped for DeFi use, enabling it to interact with decentralized finance platforms.
How significant is XRP's current DeFi usage?
The DefiLlama report indicates that XRP's DeFi usage is minimal compared to its total supply, suggesting a limited impact on its market dynamics.
What is driving XRP's DeFi activity?
The report highlights that much of the activity is driven by leveraged positions rather than organic DeFi usage.
How much is 1 XRP worth in rupee today?
About ₹129.83 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.29. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 2.27% since this brief first published — trading at ₹123 ($1.29) now versus ₹125 ($1.32) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.