Intelligence / XRPFi

XRPFi capital accounting and productive FXRP intelligence.

Pro

SYNC

PRODUCTIVE FLOOR—24H —

FXRP LOOK-THROUGH—24H —

XRP COLLATERAL—24H —

FXRP POOLS—24H —

FLR CIRCULATING—24H —

SGB CIRCULATING—24H —

FLR BURNED—24H —

SGB BURNED—24H —CAPITAL ACTIVATION SPREAD—24H —

FLR USE FLOOR—24H —

SGB USE FLOOR—24H —WALLET ALERTS · 24H—24H —LARGE TRANSFERS · 24H—24H —

FLR WALLET PRESSURE—

SGB WALLET PRESSURE—

SMART ACCOUNT EVENTS · 24H—24H —

NET FLOW · 24H—THIRD-PARTY XRPFi—24H —

FLR—24H —

SGB—24H —

FLR TX · 24H—24H —

SGB TX · 24H—24H —

VALIDATORS—24H —

FLR STAKED—24H —

FXRP SUPPLY—24H —

MINT UTIL—24H —

PRODUCTIVE FLOOR—24H —

TOTAL ASSETS—24H —

FXRP SPOT—24H —

FXRP SUPPLIED—24H —

FXRP UTIL—24H —

FXRP LOOK-THROUGH—24H —

XRP COLLATERAL—24H —

FXRP POOLS—24H —

FLR CIRCULATING—24H —

SGB CIRCULATING—24H —

FLR BURNED—24H —

SGB BURNED—24H —CAPITAL ACTIVATION SPREAD—24H —

FLR USE FLOOR—24H —

SGB USE FLOOR—24H —WALLET ALERTS · 24H—24H —LARGE TRANSFERS · 24H—24H —

FLR WALLET PRESSURE—

SGB WALLET PRESSURE—

SMART ACCOUNT EVENTS · 24H—24H —

NET FLOW · 24H—THIRD-PARTY XRPFi—24H —

FlareSignal · XRPFi Intelligence

Where Is The XRP?

Follow FXRP from issuance into yield, liquidity, lending, credit and fixed-rate markets without counting the same XRP twice when it becomes stXRP, lending claims, Principal Tokens or Yield Tokens.

STALE

XRPFi CAPITAL INTELLIGENCE

Where Is The XRP?

Follow issued FXRP into productive capital, liquidity, lending and downstream receipt markets without counting the same underlying XRP twice.

Explore the capital map ↓

FLARE-NATIVE XRPFi TRUTH75,618,255 – 75,618,255 FXRPVerified productive floor → evidence-bounded ceiling inside the native Flare accounting graph.

THIRD-PARTY XRPFi0.00 XRP1 of 1 supported third-party protocols reporting observed XRP capital.

SEPARATE ACCOUNTING DOMAINSDisplayed together for market context. Native and third-party capital are never summed unless protocol-level overlap has been explicitly reconciled.

51.61%Productive floor

Proven productive FXRP75,618,255 FXRPCeiling 51.61% · uncertainty 0 FXRP

11.38%stXRP located

Receipts located downstream6,012,536 stXRPUnlocated 46,837,160 stXRP · weighted credit 2,184,244 USDT0

Productive FXRP range against total supply75,618,255 – 75,618,255 FXRP

verified productive floor uncertainty to ceilingTotal supply 146,518,805 FXRP

FXRP supply146,518,805 FXRPissued

Productive range75,618,255–75,618,255 FXRPfloor → ceiling

stXRP located11.38%of stXRP supply

XRP-weighted credit2,184,244 USDT0weighted debt

Firelightmanaged FXRP → stXRP

52,853,499 FXRP81.31% cap

36.07% of issued FXRP represented in Firelight

SparkDEXdirect FXRP liquidity

3,638,002 FXRP19 FXRP pools

2.48% of issued FXRP observed in spot pools

KineticFXRP lender claim

20,323,035 FXRP supplied0.046% supply APR

13.87% of issued FXRP represented by lender claims

SpectrastXRP term-yield look-through

3,262,998 FXRP-eq2.16% weighted fixed APY

2.23% of issued FXRP represented by located stXRP

DeriveTHIRD-PARTY · XRP options, perpetuals and FXRP collateral

0.00 XRPNet 24h 0.00 XRP

In · 24h0.00 XRP

Out · 24h0.00 XRP

Current public protocol state reports 0.00 XRP collateral supplied.

Capital accounting: Firelight, SparkDEX and Kinetic show productive locations or claims on FXRP. stXRP and Spectra are downstream receipt or derivative views and are not added again as new underlying XRP. Third-party protocol tiles share this intelligence surface for comparison, but their capital is accounted for separately and is never added to the Flare-native productive range without explicit overlap reconciliation.

XRPFi VERIFIED EARNINGS

What Has XRPFi Generated?

Track verified XRPFi earnings while keeping realised output separate from gross protocol economics, incentives, wrapper value changes and market-priced term yield.

Open Yield Intelligence →

FLARE-NATIVE VERIFIED OUTPUT500,640.716126 FXRPVerified additive XRPFi output only. Principal, gross parents, wrappers and unverified incentives remain excluded.

THIRD-PARTY VERIFIED FEES$9,024.12Verified third-party protocol fees. Latest 24h $67.56. Premium and notional remain activity, not earnings.

SEPARATE ECONOMIC DOMAINSThe native FXRP output ledger and third-party USD fee ledger remain side by side but non-additive. No conversion is used to manufacture a combined earnings total.

ATTRIBUTED OUTPUT TODAYPROJECTED LIVE

177.386437FXRP

Today · UTC · verified earnings accounting

0.0000 Firelight today16.2559 Kinetic today161.1306 SparkDEX today

Ticks continuously from the latest verified accounting anchor using the most recent observed earning pace, then re-anchors as fresh protocol data arrives. Earlier historical recovery is excluded from today’s total.

THIS WEEK · LIVE177.386437 FXRPMonday 00:00 UTC → now · recent verified earning pace.

TOTAL VERIFIED · LIVE500,640.716126 FXRPAll verified additive history + live output since the latest accounting anchor.

HISTORICAL COVERAGE33.3%Share of verified earning history currently represented.

EVIDENCE COVERAGE2 / 825.0% of required evidence verified.

TERM YIELD · SPECTRA2.16%Current weighted fixed APY · non-additive term pricing.6.17% stXRP located

Verified additive-output mix500,640.7161 FXRP

Firelight SparkDEX fees Kinetic interestSpectra separate

SparkDEX gross fees4,885.9488 FXRPnon-additive parent

Morpho FXRP interest0.0001 FXRPgross borrower economics

Reconciliation delta0.00000000 FXRPSparkDEX parent → children

History statusIN PROGRESS2/8 checks

FirelightPOST-ACTIVATION REWARDS

0.000000 FXRPToday 0.0000 FXRP · 0.00% of verified earnings

81.31%Vault cap used

Managed capital52,853,499 FXRP

24h net flow0 FXRP

Capital positioned in the Phase 1 vault, kept separate from verified reward earnings.

BLOCKED

SparkDEXDIRECT-FXRP LP FEES

4,275.21 FXRPToday 161.1306 FXRP · 0.85% of verified earnings

87.50%Gross fees to LPs

Gross fee parent4,885.95 FXRP

Direct liquidity3,638,002 FXRP

LP allocation inside reconstructed direct-FXRP V3.1 fee economics.

HISTORY IN PROGRESS

KineticBASE LENDER INTEREST

496,365.51 FXRPToday 16.2559 FXRP · 99.15% of verified earnings

7.39%FXRP borrowed

Supplied20,323,035 FXRP

Borrowed1,501,935 FXRP

Borrow utilisation connects lender interest with the capital currently in use.

INCEPTION VERIFIED

SpectraTERM YIELD · NON-ADDITIVE

2.16%Look-through 3,262,998 FXRP-eq

6.17%stXRP in term markets

FXRP look-through3,262,998 FXRP-eq

Active maturities4

Term-market reach without counting the underlying stXRP a second time.

6.17% of stXRP supply located in Spectra · market pricing

DeriveTHIRD-PARTY · VERIFIED PROTOCOL FEES

$9,024.1224h $67.56 · 100.00% of third-party fees

100.00%Third-party fee share

24h notional$259,458

Trades · 24h168

Only verified protocol fees enter third-party output. Notional and premium remain market-activity measures.

$31,961.73 premium activity · 24h · non-additive

Earnings accounting: values marked in progress are waiting for sufficient verified historical evidence. Gross protocol economics, fee distributions and wrapper-value changes remain separate from the realised-earnings total to prevent double counting. Third-party protocol fees are displayed in the same XRPFi section for market context but remain a separate USD-denominated total and are never folded into the native FXRP additive-output total.

XRPFi EARNINGS HISTORY

Verified Earnings Map

Technical history of additive XRPFi output across Firelight, Kinetic and SparkDEX. Each selected window starts from zero and accumulates only verified period earnings observed inside that window.

TOUCH + DRAG

LatestTotal —Firelight —Kinetic —SparkDEX —

SELECTED-WINDOW OUTPUT—verified additive FXRP

FIRELIGHT SHARE—period contribution

KINETIC SHARE—period contribution

SPARKDEX SHARE—period contribution

Period accounting: recent windows use verified daily earnings observations. Earlier historical discoveries are not inserted into a recent window as if they were newly earned output.

VERIFIED YIELD ATTRIBUTION

What Has XRPFi Actually Generated?

Measures independently verified XRPFi economic output while keeping principal, wrapper appreciation, incentives and fee-distribution components from being counted twice.

HISTORY IN PROGRESS

VERIFIED ADDITIVE XRPFi OUTPUT500,640.716126 FXRPFirelight post-activation rewards + Kinetic FXRP base lender interest + SparkDEX direct-FXRP LP fees.

33.3% additive-history coverage

EVIDENCE CHECKS2 / 8required historical checks currently verified

25.0% complete

HISTORY STATUSIN PROGRESS2 / 8 evidence checks verified · 25 measures availableLatest 14 Sep 15:49 UTC

ADDITIVE OUTPUTOnly these streams enter the headline.

Principal excluded · wrappers separate · incentives unestimated

Firelight rewards0.000000 FXRPPost-activation reward output · BLOCKED

Kinetic FXRP interest496,365.510944 FXRPBorrower-paid base lender interest · INCEPTION VERIFIED

SparkDEX LP fees4,275.205182 FXRPDirect-FXRP V3.1 LP fee output · HISTORY IN PROGRESS

EXACT PROTOCOL ECONOMICSMeasured, but not automatically additive.

Gross economics stay separate from supplier-net yield

Morpho / Mystic FXRP0.000064 FXRPExact gross borrower interest. Supplier-net fee attribution is still separate.

Morpho / Mystic stXRP—Exact gross borrower interest. Historical FXRP conversion remains pending.

SparkDEX gross fees4,885.948780 FXRPGross fee parent. Never summed on top of its distribution children.

SPARKDEX FEE DISTRIBUTIONParent → children reconciliationLP fees + xSPRK + buyback/burn + foundation must reconcile to the reconstructed gross fee pool.

LP4,275.205182

xSPRK244.297439

Buyback / burn244.297439

Foundation122.148719

RECONCILIATION DELTA-0.0000000012 FXRPCLOSED TO ZERO

WRAPPER VALUE PATHSReal share-value evidence, kept non-additive.

Underlying strategy overlap must be excluded before counting this as realised ecosystem earnings

Clearstar earnXRP1.1321%Chain-verified FXRP/share change from earliest available checkpoint.

Monarq MXRPY0.8010%Chain-verified share-value change; off-chain strategy sleeves are excluded without verifiable evidence.

Bizantine SuperVault0.1149%Verified share-value path; underlying overlap remains separately accounted.

Double-count protection: gross protocol revenue, fee-distribution components, derivative pricing, incentive rewards and downstream wrapper appreciation are displayed separately. The realised-output headline contains only independently verified XRP/FXRP earnings.

XRPFi Growth Intelligence

XRPFi Ecosystem Growth

Reconstruct the XRPFi adoption curve from verified FXRP mint and burn activity, then follow where physical FXRP is deployed. Protocol transfers are internal reallocations, not fresh ecosystem inflows.

BACKFILLING TO INCEPTION · 7%

Issued FXRP146,518,805physical supply anchor

Latest net external flow-331,139 FXRPminted minus burned

Direct located utilisation51.61%physical FXRP only

30D supply growth—30 daily points indexed

External XRPFi flowNew FXRP entering vs leaving

Net daily flowTotal FXRPEvent

—Flow —Supply —Event —

Physical allocationWhere the FXRP sits

FirelightSparkDEXKinetic

Direct balances only · no receipt-token double count

Growth velocityIs XRPFi accelerating?

7D growth30D growth

Rolling FXRP supply growth

XRPFi Growth EventsWhat moved the curve

Official milestones are annotations. Only on-chain mints/burns create external-flow bars.

Date	Entity / event	Amount	Destination	Type	Verification	Source
21 Aug 2026	Large FXRP mint	1,966,230 FXRP	Ecosystem	EXTERNAL INFLOW	ONCHAIN VERIFIED	Flare on-chain transfer ↗
19 May 2026	D’CENTD’CENT adds one-flow XRPFi access through Flare Smart Accounts	—	Smart-accounts	DISTRIBUTION INTEGRATION	OFFICIAL ANNOUNCEMENT	Flare ↗
8 May 2026	FlareFlare reports ~$200M XRP TVL and 3.4M+ FXRP DeFi transactions	$200.00M	Xrpfi	ECOSYSTEM MILESTONE	OFFICIAL REPORTED	Flare ↗
28 Apr 2026	FlareFAssets v1.3 launches with direct FXRP minting	—	Fassets	PROTOCOL UPGRADE	OFFICIAL REPORTED	Flare ↗
3 Feb 2026	Morpho + MysticMorpho and Mystic bring modular XRP lending to Flare	—	Morpho	PROTOCOL LAUNCH	OFFICIAL ANNOUNCEMENT	Flare ↗
24 Sep 2025	FlareFAssets FXRP v1.2 launches on Flare mainnet	—	Fassets	PROTOCOL LAUNCH	OFFICIAL ANNOUNCEMENT	Flare ↗
29 Aug 2025	Everything BlockchainEverything Blockchain announces initial ~US$10M XRPFi allocation	$10.00M	Xrpfi	INSTITUTIONAL COMMITMENT	OFFICIAL ANNOUNCEMENT	Flare ↗
11 Jun 2025	VivoPowerVivoPower announces benchmarked US$100M XRP deployment framework	$100.00M	Xrpfi	INSTITUTIONAL COMMITMENT	OFFICIAL ANNOUNCEMENT	Flare ↗

Growth accounting: external flow equals FXRP ERC-20 mints minus burns. Transfers between Firelight, SparkDEX, Kinetic and other XRPFi venues are tracked as reallocations, not new XRP. stXRP and other receipt/claim tokens remain non-additive. Announcement values are preserved as event context until matching on-chain capital can be independently verified.

Productive capital history

Productive FXRP Certainty Range

Track how the provable productive floor and evidence-bounded ceiling have moved against total issued FXRP. The vertical scale shows actual FXRP.

Productive floor Evidence ceiling Issued supplyCurrent floor 51.61%

—Floor —Ceiling —Supply —Floor share —

Why a range? Firelight’s ERC-4626 totalAssets() can include assets managed outside the vault address. Until those positions are attributed to specific protocols, adding Firelight totalAssets to SparkDEX or Kinetic balances can overstate unique productive XRP. The range preserves that uncertainty instead of presenting false precision.

Capital map

FXRP → Economic Roles

Read the top layer as underlying FXRP locations. Percentage bars use issued FXRP as the reference denominator; overlapping managed claims are labelled and must not be summed as unique capital.

ONE UNDERLYING, MANY CLAIMS

01Underlying capital

Issued on Flare 146,518,805.21 FXRP Total FXRP supply used as the denominator for the economic-location bars. SOURCE OF RECORD

02Economic locations

Bars show each observed role against total issued FXRP. Firelight managed assets can overlap externally deployed positions, so these percentages are context, not an additive allocation table.

Firelight managed52,853,498.62 FXRPYield / cover economy · managed exposure may include externally located FXRP.MANAGED CAPITAL

SparkDEX direct3,638,002.25 FXRPFXRP physically observed in direct spot-liquidity pools.LIQUIDITY

Kinetic cash18,830,165.62 FXRPFXRP currently available as lendable market cash.LENDING CASH

Other / unclassified70,900,550–70,900,550 FXRPWallets + protocols not yet reconciled to a unique economic role.BOUNDED REMAINDER

03Receipt + derivative layer

Same capital, new programmable claimsBars below use total issued stXRP as their reference. They show representation of the receipt base and are never added again to underlying XRP.

NON-ADDITIVE

Firelight receipt52,849,696.44 stXRPstXRP receipt supply created from managed FXRP.stXRP ISSUED

SparkDEX2,723,074.29 stXRPReceipt liquidity physically located in spot pools.LIQUIDITY CLAIM

Kinetic27,178.01 stXRPReceipt cash physically located in lending markets.LENDING CLAIM

Spectra3,262,766.04 stXRPReceipt capital represented in PT / YT term markets.TERM STRUCTURE

Read bars individually: underlying-location percentages can overlap where managed claims represent assets deployed elsewhere. Receipt-layer percentages describe representation of the same stXRP base and are explicitly non-additive.

Receipt distribution

Where stXRP Is Located

11.38% OBSERVED

SparkDEX2,722,591.97

Kinetic cash27,178.01

Spectra3,262,766.04

Other / wallets46,837,160.42

These are physical stXRP token locations, so SparkDEX pool balances, Kinetic market cash and Spectra contract balances are disjoint. Borrowed stXRP claims and PT/YT are not added again.

Credit + term structure

What the XRP Is Doing

Stablecoin debt4,863,578.24 USDT0total Kinetic isolated-market debt

XRP-only debt2,119,394.25 USDT0conservative direct attribution

XRP-weighted debt2,184,244.44 USDT0mixed-collateral proportional estimate

Spectra weighted APY2.16%fixed-rate term-structure summary

Yield curve slope-2.22 pplongest minus nearest maturity

Next maturity72.34 days

Spectra stXRP

Ecosystem roles

XRPFi Protocol Stack

DRILL DOWN

FAssetsCreate programmable XRP

FXRP Supply146,518,805.21 FXRP

24h Net Flow-336,303.54 FXRP

Mint Capacity Used86.19%

Explore FAssets →

FirelightTurn FXRP into yield-bearing stXRP

Managed FXRP52,853,498.62 FXRP

stXRP Supply52,849,696.44 stXRP

24h Net Flow0.00 FXRP

Explore Firelight →

SparkDEXProvide spot liquidity for XRP-derived assets

Direct FXRP3,638,002.25 FXRP

stXRP in Pools2,723,074.29 stXRP

Target Pools25.00

Explore SparkDEX →

KineticCreate lending and stablecoin credit

FXRP Market Cash18,830,165.62 FXRP

USDT0 Debt4,863,578.24 USDT0

Liquidations 24h0.00

Explore Kinetic →

SpectraSplit principal and future yield by maturity

stXRP Located3,262,766.04 stXRP

Weighted Fixed APY2.16%

Active Maturities4.00

Explore Spectra →

Meaningful live activity

XRPFi Activity Feed

FassetsMint Executed

2046-00-00 00:00:000.0000 FXRPTx

FassetsMint Executed

2027-00-00 00:00:000.0000 FXRPTx

FirelightDeposit

2026-09-05 01:40:01570.0000 FXRPTx

FirelightDeposit

2026-09-05 00:58:1650.0000 FXRPTx

FirelightDeposit

2026-09-05 00:54:3127.4344 FXRPTx

FirelightDeposit

2026-09-04 23:14:249.0000 FXRPTx

FirelightDeposit

2026-09-04 23:11:199.0000 FXRPTx

FirelightDeposit

2026-09-04 23:01:4710.0000 FXRPTx

FirelightDeposit

2026-09-04 22:55:122.0000 FXRPTx

FirelightDeposit

2026-09-04 22:51:36100.0000 FXRPTx

FirelightDeposit

2026-09-04 22:42:13100.0000 FXRPTx

FirelightDeposit

2026-09-04 22:36:364,472.0000 FXRPTx

FirelightDeposit

2026-09-04 22:20:527.7500 FXRPTx

FirelightDeposit

2026-09-04 22:14:363.6471 FXRPTx

FirelightDeposit

2026-09-04 22:09:51200.0000 FXRPTx

FirelightDeposit

2026-09-04 21:14:535,000.2551 FXRPTx

FirelightDeposit

2026-09-04 21:13:2233.0290 FXRPTx

FirelightDeposit

2026-09-04 21:03:442.0000 FXRPTx

FirelightDeposit

2026-09-04 21:01:2210.0000 FXRPTx

FirelightDeposit

2026-09-04 20:27:462.0000 FXRPTx

Provenance & freshness

Data Health

STALE

FXRP supplySTALESTALE · verified

FirelightSTALESTALE · verified

SparkDEXSTALESTALE · verified

KineticSTALESTALE · verified

SpectraSTALESTALE · derived

A protocol can be on-chain verified while an aggregate remains PARTIAL because historical pool or borrower discovery is still building. FlareSignal keeps freshness, provenance and completeness separate instead of collapsing them into one green tick.

Methodology

How FlareSignal Counts XRPFi Capital

1. Count physical underlying once.

FXRP at a known contract address is a location. The same token cannot physically sit in two addresses at once.

2. Treat managed claims separately.

Firelight totalAssets and Kinetic lender claims can represent capital deployed elsewhere. They describe economic exposure, not automatically a new physical pile of FXRP.

3. Derivatives add utility, not supply.

stXRP, kToken claims, PT and YT can deepen the financial system while adding zero new underlying XRP.

4. Publish uncertainty.

When ownership or provenance of externally managed capital is unresolved, FlareSignal shows the verified range and leaves unsupported values unreported.

FAssets methodology Firelight look-through Kinetic lending accounting

Spectra yield methodology Flare Network Flare Developer Hub