XRP Staking Tops 50M as Firelight Adds Security Upgrade

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Firelight believes the demand for DeFi security is at a critical inflection point, driven by the persistence of on-chain exploits.

The XRP staking platform Firelight is looking to introduce an on-chain exploit protection layer using staked XRP. This move comes amid a rise in decentralized finance (DeFi) exploits, with thefts in the first quarter of 2026 surpassing $137 million.

According to a press release sent to CryptoPotato, Firelight recently surpassed 50 million staked XRP on its protocol, recording a significant milestone on the Flare network.

Firelight Staked XRP Exceeds 50M
Firelight attributed the growth in staked XRP to a wave of deposits from whales. Whale deposits have each exceeded 1 million XRP, and, collectively, the newly raised cap of an additional 40 million Flare XRP (FXRP).

CryptoPotato has reported that Flare is expanding XRP DeFi through its FAssets infrastructure. Users deposit XRP, mint FXRP on the fully overcollateralized bridge, and stake their FAssets into Firelight’s vault to receive staked XRP (stXRP). They can use stXRP across the Flare ecosystem.

Besides providing a liquid staking vault for XRP holders, Firelight also serves as an on-chain protection layer for DeFi assets. With rising demand for on-chain protection, the protocol is using staked XRP to provide an on-chain cover layer. This enables other chains to purchase protection against bad actors. The protection covers smart contract exploits, economic risk, oracle failures, and bridge vulnerabilities.


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