The number that keeps coming back to me here is 3.5%. That's how much of $XRP's circulating supply — roughly 2 billion tokens, around $3 billion — was sitting completely outside DeFi inside Xaman wallets alone. Not because holders didn't want yield. Because getting $XRP into a DeFi position previously meant moving to MetaMask or another EVM wallet, sourcing gas on a separate chain, manually bridging, and navigating interfaces most retail users aren't comfortable with.
Flare's Smart Accounts change the execution model fundamentally. When a user signs a transaction on XRPL through Xaman, that transaction carries embedded instructions. Flare's Data Connector verifies it, Smart Account controllers handle FXRP minting and vault allocation, and the user never leaves their familiar interface or manages a second key. Authorization stays on XRPL. Execution happens on Flare.
FXRP minted supply has crossed 100 million, with over 60 million already deployed across lending markets and structured products. That's a real signal of latent demand, not speculative interest. Whether vault yields hold up under heavier inflows is the question worth watching from here.
