DeFi on Flare is booming. And it’s just getting started.
The launch of USD₮0 kicked off a wave of growth, pushing ecosystem TVL to all-time highs. Here's what happened last week ↓
1️⃣ @USDT0_to launched on Flare
The omnichain stablecoin, 1:1 backed by Tether, launched with $60M minted in just 3 days. TVL shot up more than double — from $64M to $124M in just a week.
2️⃣ @krakenfx integration
USD₮0 is now natively supported on Kraken, unlocking seamless on/off-ramps for retail and institutions. No bridging. No friction.
3️⃣ @SparkDexAI skyrocketed to $63M TVL
Flare’s largest DEX surged 254% post-launch — jumping from $17.8M to $45M, then $63M just days later.
4️⃣ @Kinetic_Markets crosses $52M
Flare’s top lending protocol hit $41.5M TVL (+142%) with $52.8M in supplied assets.
5️⃣ @SceptreLS scales staking
TVL rocketed 25% to $24.8M. Over 1.25B FLR staked. 4,000 users and counting.
6️⃣ @enosys_global up 37.5%
The V3 DEX powering Flare & Songbird saw TVL jump post-USD₮0, with 333K rFLR/day in rewards for USD₮0 LPs.
➡️ XRPFi is coming
USD₮0 is laying the foundation for FXRP-native DeFi — powering capital-efficient lending, staking, and trading for XRP.
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