TLDR
About 25 million XRP (XRP) are staked on Flare (FLR) via Firelight, which hit its initial deposit cap within hours of launch, per an official post 25 million XRP staked.
- That equals roughly $55 million TVL, reported in the same launch notice above.
- The vault reached its current cap and capacity continues to scale, so totals could rise (see the notice above).
- Staking uses FXRP and issues liquid stXRP; details are in a protocol overview.
Deep Dive
1. Amount and TVL
Firelights launch reached an initial cap of 25 million XRP staked within hours, translating to roughly $5455 million in TVL, per an official post and corroborating coverage in TokenPosts report.
This figure reflects a capped first tranche at launch. Without a public live dashboard here, treat it as the most recent confirmed figure from official sources rather than a guaranteed now total.
Early demand from XRP holders for staking on Flare is strong, and the current figure was constrained by an initial cap rather than lack of interest.
2. Capacity and Growth
Firelight stated the vault hit its cap and that capacity will continue to scale, implying more room for additional staking (see the launch notice above). They also noted stXRP availability across Flare DEXs like SparkDex and Enosys in a follow?up post, with a guide for wallet setup on the project site.
As capacity expands, the staked total can grow. Liquidity locations and composability matter because stXRP is intended to circulate across DeFi venues.
If you are tracking the aggregate staked amount, watch for new vault caps or expansions and stXRP liquidity growth across Flare DEXs.
3. How Staking Works
Firelight uses Flares FAssets to mint FXRP, then issues stXRP (a liquid ERC?20 token) representing stake. Rewards come from demand for DeFi cover in a two?phase design described in a protocol overview.
The team cites audits by OpenZeppelin and Coinspect and a bug bounty via Immunefi in the same overview. As with any DeFi system, protocol and market risks remain and should be monitored.
stXRP gives XRP holders liquid staking exposure on Flare, which can be used across trading, lending, and liquidity pools, with yields linked to cover demand.
Conclusion
The best confirmed figure is 25 million XRP staked (about $55 million), set by Firelights initial cap and reached within hours of launch, with capacity expected to expand as stXRP liquidity and DeFi cover demand grow. For up?to?date totals, monitor further official vault capacity updates and stXRP market depth on Flare venues.
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