{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Web3 Tech Brief By HackerNoon","title":"Flare Lets XRP Holders Borrow Without Selling as Nearly 90% of FXRP Goes to Work in DeFi","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/a49495c1\"></iframe>","width":"100%","height":180,"duration":411,"description":"\n        This story was originally published on HackerNoon at: https://hackernoon.com/flare-lets-xrp-holders-borrow-without-selling-as-nearly-90percent-of-fxrp-goes-to-work-in-defi.\nA DefiLlama report finds 129M of 145M FXRP in DeFi, cross-chain use up fivefold since July and Flare's Data Connector at 45% of protocol revenue.\nCheck more stories related to web3 at: https://hackernoon.com/c/web3.\n            You can also check exclusive content about #web3, #flare, #ai-and-ml, #technology, #xrp, #good-company, #defi, #fxrp,  and more.\nThis story was written by: @ishanpandey. Learn more about this writer by checking @ishanpandey's about page,\n            and for more stories, please visit hackernoon.com.\nAbout 129 million of 145 million FXRP in circulation, close to 90% of supply, is deployed across DeFi protocols, according to a DefiLlama report on Flare.\n\nLending holds about 52% of deployed FXRP. In one Morpho vault 10.6 million FXRP backed $7.9 million of RLUSD supplied.\n\nAbout 20 million FXRP now sit outside Flare, a fivefold increase since July, across seven networks.\n\nFlare Data Connector fees are the fastest-growing protocol revenue source at 45% of the total.\n\nThe report names FBTC, mainnet Confidential Compute and higher protocol revenue as the next milestones.","thumbnail_url":"https://img.transistorcdn.com/eO2Jn0gxT_H9qDuuD0uleszE2n40sbZ-1T2r0zOcj9c/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQxMTY4LzE2ODMz/MTU4ODQtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}