- Flare Network‘s bridged XRP DeFi ecosystem averages fewer than 80 new users daily since its September 2025 launch, with most days attracting under 50.
- The network’s native token, FLR, has hit a new all-time low at $0.0079, down 80% from its January 2023 first-day close, while its circulating supply has been diluted 20-fold.
- Despite this, cofounder Hugo Philion has escalated predictions, claiming Flare could hold $6.9 billion worth of XRP by mid-2026.
Flare Network cofounder Hugo Philion predicted $1 billion in XRP locked on his blockchain last year and now believes it will surpass $5 billion by this summer. Meanwhile, his network’s native token, FLR, has just hit an all-time low.
On-chain data, however, reveals anemic growth. Its Flare XRP DeFi ecosystem averages fewer than 80 new users per day since its September 2025 launch. The median day attracts a mere 33 participants.
Consequently, brief spikes in user activity have rapidly decayed. A February 2026 peak above 2,000 new users fell below 30 within two weeks. Excluding anomalous spikes, the six-month average drops to under 50.
The Flare token (FLR) has fared even worse, trading at $0.0079 today. Its circulating supply sits at 85 billion, a 20-fold dilution from its initial 4.28 billion airdrop.
Despite this, Philion has escalated his predictions, claiming Flare could hold 5 billion XRP by mid-2026. At today’s price, that target represents $6.9 billion.
FXRP currently has roughly 138 million tokens in circulation. The on-chain reality is a protocol where most days bring fewer new participants than many restaurants serve at dinner.
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