XRP Long-Term Holders on the Move FXRP Network Deposits Surpass $20 Million
Participation in the FXRP Network is rapidly expanding among Ripple (XRP) holders across Europe and Asia.
According to digital asset analytics platform DeFi Radar, the total value locked (TVL) in the FXRP Network exceeded $20 million (approximately 27 billion KRW) just five days after its official launch.
FXRP is a token created by wrapping Ripple (XRP) at a 1:1 ratio, allowing holders to generate a monthly value of around 1.5% to 1.8% through the network’s liquidity-supplying DeFi system — all without selling their XRP.
This structure has gained particular traction among long-term holders, who view it as a way to “generate value without selling their XRP holdings”.
“FXRP represents the first step in expanding the Ripple ecosystem from simple transactions to a true reward-based structure. The rapid growth in total deposits indicates that global investors are beginning to trust the FXRP DeFi model in practice.” said Daniel Lee.
Despite still being in its early stage, the FXRP Network has reportedly completed security audits for both its liquidity pools and wrapped assets.
Market observers predict that additional inflows will continue, particularly from global communities with significant XRP holdings.
Learn more at: https://ripplefoods.com/
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