The current real-time price of FXRP is $1.87. In the past 24 hours, FXRP has traded between $1.864513 and $1.945646, showing strong market activity. The all-time high of FXRP is $3.1, and the all-time low is $1.77.
From a short-term perspective, the price change of FXRP over the past 1 hour is , over the past 24 hours is -0.50%, and over the past 7 days is -2.02%. These figures provide a quick overview of the latest price trends and market dynamics of FXRP on LBank.-4.43%
The live price of FXRP today is $1.87, with a current market cap of $171.829M. The 24-hour trading volume is 3M. The price of FXRP to USD is updated in real time.
Before deciding whether to buy or sell FXRP, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s FXRP technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for FXRP.
How much will FXRP be worth tomorrow, next week, or next month in ? What about your FXRP assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! FXRP Price Prediction
To learn more about FXRP, consider exploring other resources such as the whitepaper, official website, and other published information:
Flare Bridged XRP (FXRP) is a synthetic asset, essentially a wrapped version of XRP, designed to operate within the Flare Network. It maintains a 1:1 representation of XRP, allowing the utility of XRP to extend into decentralized finance (DeFi) applications on Flare. This enables XRP holders to engage with smart contract-driven functionalities that are not natively available on the XRP Ledger.
FXRP was created to integrate XRP into the expanding decentralized finance (DeFi) ecosystem. The native XRP Ledger, while efficient for payments, lacks the smart contract functionality essential for DeFi applications. This limitation historically prevented XRP holders from participating in a wide range of DeFi activities like lending, borrowing, or providing liquidity. FXRP solves this by bridging XRP to the Flare Network, an EVM-compatible environment, thereby unlocking these DeFi possibilities for XRP and its holders.
The FXRP bridging process allows XRP holders (originators) to permissionlessly move their XRP to the Flare Network using the FAssets protocol. This system is designed to be decentralized and trustless, avoiding centralized custodians. It involves "agents" who lock up collateral, typically exceeding the value of the bridged XRP, on the Flare Network. When an originator sends XRP to a designated address, agents mint FXRP on Flare. This overcollateralization model ensures security and maintains the peg, making the process robust and independent of single points of failure.
FXRP significantly expands the utility of XRP by enabling diverse decentralized finance (DeFi) applications within the Flare ecosystem. Its primary use cases include engaging in lending and borrowing protocols, facilitating trading on decentralized exchanges (DEXs), and contributing to liquidity pools to earn rewards. Furthermore, FXRP can be utilized for liquid staking, such as through platforms like Firelight to obtain stXRP, allowing users to earn yield while maintaining token liquidity. These functionalities were previously unavailable for native XRP.
No, simply holding FXRP does not inherently generate yield. FXRP is a base asset designed to bring XRP's value onto the Flare Network for active participation in decentralized finance. To earn yield, users must deploy their FXRP into various DeFi protocols within the Flare ecosystem. Examples include providing liquidity to decentralized exchanges, participating in lending and borrowing platforms, or engaging in liquid staking services like converting FXRP to stXRP. These activities involve active engagement rather than passive holding.
FXRP's security and its 1:1 peg to XRP are primarily ensured through a robust overcollateralization mechanism. "Agents" who facilitate the bridging process must lock up significant collateral, typically in native Flare tokens, which exceeds the value of the FXRP they mint. This overcollateralization acts as a buffer against price fluctuations and potential agent misconduct, safeguarding the value of the bridged XRP. Additionally, Flare's State Connector and attestation protocols provide trustless verification of events on the XRP Ledger, further strengthening the system's integrity and maintaining the accurate peg.
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