Flare enables FXRP as Derive collateral, bringing onchain XRP options and perpetuals to wallets
AI Market Summary
Flare enabled FXRP to be used as collateral on Derive, giving XRP holders native-wallet access to onchain options and perpetuals via portfolio margin. Cash-settled USDC options preserve posted FXRP while expanding hedging and premium-generation tools beyond centralized venues. Derive's leading onchain options volumes and ~$118M TVL, plus rapid FXRP minting and DeFi deployment growth, signal improving market infrastructure and liquidity pathways for XRP.
Impact level
● Medium
Affected assets
XRP/USDT-0.13%
AI Insight · XRP/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Flare said FXRP can now be used as collateral on Derive, allowing XRP holders to trade onchain options and perpetual futures directly from their own wallets. Derive’s 30-day notional options volume ranks first among onchain venues tracked by DefiLlama, with total value locked near $118 million. FXRP reached Flare mainnet in September 2025, with a first-week cap of 5 million tokens that was filled within four hours, and more than 155 million FXRP minted within seven months. Since February, FXRP deployed across DeFi applications has risen from 82 million to 144 million, while Flare Smart Accounts across nearly 24,000 accounts have earned more than 40 million XRP.
