- Approximately 500k FXRP was cast in songbirds in 24 hours.
- The USDT0 integration helped Flair double the TVL and simplify the transfer of cross-chain assets.
Anyone who follows Crypto World knows that Flare Network is preparing something big. And yes, that actual action began with the launch of Fassets v1.1 on the Songbird Network. Within 24 hours, almost 500,000 FXRP was minted without incentives. That much in such a short time? It’s not just a launch, it’s a sign that the system is ready for real use.
Songbird’s Fassets v1.1 rollout discovered volumes.
I saw what the scaling looked like. Within 24 hours, almost 500k FXRP was built. It has zero incentives for construction and redemption.
Imagine this on the Flare Mainnet:
Mint without cap
•Complete complexity
• Growing Suite…pic.twitter.com/abba2svqih
– Flare☀️ (@flarenetworks) May 15, 2025
Flare’s core vault combines true utility with tight security
Keys are a new feature called Core Vault. With this system, the agent simply deposits XRP to a special address in the XRP ledger, and from there automatically unlocks the FLR collateral on the Squeal Network. No additional capital or complicated steps are required.
This process is simple and efficient, and feels like a bridge between a world of traditional assets and a more open defi space. This is not just about innovation, but about opening up more space for XRP holders to participate. Imagine all this running on the Flare Mainnet – imagine unlit mint, complete complexity, and access to the entire defi ecosystem in one place.
Additionally, Flare’s approach to security is also worth noting. The core ball is not just a place. This is protected by an escrow system with time locks and multiple signatures from trusted community members. It doesn’t stop there and they are also affiliated with Immunefi for an active bug bounty program, allowing all potential loopholes to be tightly closed from the start. In short, it’s not a coincidence system.
Meanwhile, CNF previously reported that the flare ecosystem continues to expand. Integrating USDT0 Stablecoin via Stargate Finance is another important step.
Currently, users can transfer USDTs from Ethereum or USDT0 directly to flare from networks such as Arbitrum, Optimism, Ink, Berachain. This is not a small news. Because such convenience usually leads to greater adoption.
Judging by the latest data, the flare ecosystem is certainly hot. On May 12, 2025, their total value is locked (TVL) more than doubled in a short time. This increase not only came out of nowhere, but was driven by the launch of USDT0 and collaboration with Kraken.
Protocols like SparkDex and Kinetic also benefit from it. SparkDex recorded its highest TVL at $63 million, while Kinetic rose 178% in just a week. The liquidity foundation is becoming stronger, and it can be said that it clearly supports the major future trends in FXRP.
Interestingly, Flare is not just focused on the financial sector. On February 5th, 2025, they and Google Cloud held a verifiable AI hackathon in Berkeley, California. the goal? Of course, we develop verifiable and decentralized AI applications based on the Flare infrastructure. From this we see that they want not only to be a cryptographic “smart network” but also to be the foundation of technology in the future.
Meanwhile, at the time of writing, FLR is 0.01995 dollarstop 1.31% Over the past 24 hours 28.05% The past 30 days.