Flare’s New FXRP System on Songbird Is Breaking New Ground

• Nearly 500K FXRP minted on Songbird in 24 hours, without minting or redeeming incentives.
• USDT0 integration helped Flare double its TVL and simplify cross-chain asset transfers.

Anyone who follows the crypto world knows that Flare Network is preparing something big. And yes, that real action began with the launch of FAssets v1.1 on the Songbird network. In less than 24 hours, almost half a million FXRP were minted—without incentives. That much in such a short time? That’s not just any launch, it’s a sign that the system is ready for real use.

The FAssets v1.1 rollout on Songbird spoke volumes.

We just saw what scaling looks like: almost 500K FXRP minted in under 24 hours. With zero incentives for minting or redeeming.

Now imagine this on Flare mainnet:

• Uncapped minting

• Full composability

• A growing suite… pic.twitter.com/abBA2sVQIh

— Flare (@FlareNetworks) May 15, 2025

Flare’s Core Vault Brings Real Utility and Tight Security Together

The key is a new feature called Core Vault. With this system, agents simply deposit XRP into a special address on the XRP Ledger, and from there, it automatically unlocks FLR collateral on the Songbird network. No additional capital required, no complicated steps.

The process is straightforward, efficient, and feels like a bridge between the traditional asset world and the more open DeFi space. This isn’t just about innovation, it’s about opening up a wider space for XRP holders to participate. Just imagine all of this running on the Flare mainnet—limitless minting, full composability, and access to the entire DeFi ecosystem in one place.

Furthermore, Flare’s approach to security is also noteworthy. Core Vault is not just any place. It is guarded by an escrow system with time locks and multi-signatures from trusted community members. It doesn’t stop there, they also partner with Immunefi for an active bug bounty program, so that all potential loopholes can be closed tightly from the start. In short, it’s not a haphazard system.

On the other hand, CNF previously reported that the Flare ecosystem continues to expand. The integration of the USDT0 stablecoin via Stargate Finance is another important step.

Now, users can transfer USDT from Ethereum or USDT0 from networks like Arbitrum, Optimism, Ink, to Berachain directly to Flare—without additional fees and without having to bother using a cross-network bridge. This is not small news, because convenience like this usually triggers greater adoption.

Judging from the latest data, the Flare ecosystem is indeed hot. On May 12, 2025, their Total Value Locked (TVL) more than doubled in a short time. This increase did not just come out of nowhere, but was driven by the launch of USDT0 and collaboration with Kraken.

Protocols like SparkDEX and Kinetic have also benefited. SparkDEX recorded the highest TVL at $63 million, while Kinetic rose 178% in just a week. It can be said that the foundation of liquidity is getting stronger, and that clearly supports the big movement of FXRP in the future.

Interestingly, Flare is not only focused on the financial sector. On February 5, 2025, they and Google Cloud held the Verifiable AI Hackathon at UC Berkeley. The goal? Developing verifiable and decentralized AI applications, of course based on Flare’s infrastructure. From here, we can see that they not only want to be a “smart network” for crypto, but also the foundation of future technology.

Meanwhile, as of the writing time, FLR is trading at about $0.01995, up 1.31% over the last 24 hours and 28.05% over the last 30 days.