3. Flare Network Growth on Flare Network is booming, with its Total Value Locked (TVL) exploding 348% to $224 million. This is due in large part to XRP’s stunning 60% price increase recently, pushing the crypto to almost $3.30.
So far, Flare has proved its mettle establishing itself as the leading DeFi platform for XRP. It provides users with non-custodial and transparent ways to earn yields. Within just one week into July, the network’s TVL surged over $100 million. At the same time, it’s daily trading volume exploded like never before with a staggering $3 billion in trades. Finally, the unique users count on Flare exceeded 2,500 in July.
A central driving factor behind this momentum is Flare’s unique architecture designed with a focus on interoperability. Growth is being propelled by initiatives like the omnichain USDT stablecoin and new DeFi-enabled FAssets programs. We are thrilled about the upcoming launch of FXRP on Flare’s mainnet! It would introduce more than $100 billion of liquidity into the ecosystem by tokenizing XRP as FXRP.
Flare’s TVL has since grown fourfold since April, increasing from around $50 million to $224 million in early July. This expansion is buoyed by Flare’s growing DeFi ecosystem and its $1 billion market cap as of writing.
Further building on the network’s advancements, SparkDEX is planning to release its $SPRK token on July 29, 2025. The SparkDEX leadership team is equally stellar. Other interesting people to look out for are Alexi Atlas, co-founder of Quickswap, and Steve, who cofounded Metavault and GrizzlyFi. Lunar Digital Assets is handling SparkDEX’s marketing and public relations strategies.
Flare has a strong technical collaboration with XRP that further strengthens its capabilities and allure within the crypto space.
