Since the launch of the Flare Network's XRP DeFi ecosystem six months ago, new user growth has fallen far below expectations, with an average of only 76 new users per day. The native token FLR has seen a significant price drop since the airdrop in 2023, leading to stagnation in ecosystem development, with major challenges in user expansion and asset locking.

Digital asset custody firm Hex Trust announces the provision of XRP DeFi access for institutional clients. Through its platform, users can mint and redeem FXRP while maintaining custody control and supporting native FLR staking. Flare also launches the FXRP lending market, allowing users to benefit without selling XRP.

The blockchain network Flare integrates with the Morpho protocol to enable lending and borrowing for its XRP-pegged asset FXRP, allowing XRP holders to deposit FXRP to earn interest or use it as collateral to borrow other assets. The feature is accessible through the Mystic app and initially supports lending pools for FXRP, FLR, and USDT0.

ChainCatcher News, according to official data, Gate's total participation in coin staking and earning has surpassed one million, supporting 20 mainstream cryptocurrencies. Gate exclusively launched contract staking and earning, achieving full coverage of both spot and contract scenarios, providing users with more flexible asset appreciation methods. Currently, some assets are showing impressive estimated annualized returns, with FLR estimated at up to 14.88%, and ATOM at 9.83%, attracting widespread market attention. Meanwhile, Gate previously launched leverage worry-free support for high-leverage trading, which carries no liquidation risk before expiration, effectively reducing trading pressure. While pursuing returns, it further enhances risk management experience.