Have you noticed how XRP is gaining more and more space in DeFi? That's right, and according to Philion, CEO of Flare Network, things could accelerate even more in the coming months.

In a recent conversation, Philion revealed he believes the Flare network could reach 5 billion XRP in use by mid-2026, provided the market cooperates. Interestingly, he's not just guessing randomly. Philion made it clear that this confidence comes from active negotiations and ongoing protocol development. He knows the involved parties, knows which protocols are being built. Basically, he has visibility into what’s happening behind the scenes.

The key piece of this expansion is a collaboration with Xaman, one of the main wallets on the XRP Ledger. Philion said they are developing a smart account feature to allow users to stake XRP directly from the XRP Ledger on Flare’s Firelight, without needing bridges or dealing with the complexity of the Flare chain. It’s very practical: users do everything within Xaman, transparently.

The potential here is huge. Xaman supposedly controls around 4 billion XRP in its wallet ecosystem. If a significant portion of that flows into Flare’s yield products, growth could be exponential.

The numbers are already impressive. FXRP, which is XRP wrapped on Flare, has surpassed 100 million tokens in circulation. This happened just five months after the launch of FAssets in September 2025. Even more interesting: over 89% of this supply is locked in Flare DeFi platforms like Kinetic and Firelight. This isn’t idle speculation; it’s real people using it.

At current prices, these 106 million FXRP represent about 150 million dollars in XRP generating yield. It’s still far from the 5 billion Philion projects, but the infrastructure being built was designed for scale. The focus is on large XRP holders seeking yield opportunities.

What Philion finds really interesting is the bigger picture. If billions of units of XRP were used daily to generate income and functioned as genuine financial instruments, the market’s perception of the asset would fundamentally change. He calls this extremely bullish not only for Flare but for XRP as a whole. Philion compares the current stage to fast-growing companies like Uber in the beginning, focusing on capturing market share before optimizing profits.

What’s notable is that the 100 million FXRP were achieved through retail participation, without heavy institutional support. This suggests there’s still a lot of room to grow. With XRP trading around $1.41, the window of opportunity remains open for those wanting to follow this narrative of XRP’s financialization.