Flare’s TVL Skyrocketed 160% in Just 10 Days

• Flare Network’s TVL grew over 160% in just 10 days, driven by cross-chain stablecoin USDT0 adoption.
• USDT0 now enables seamless transfers from multiple chains with no bridging fees, boosting DeFi activity.

In just ten days since April 28, 2025, the Flare Network’s total value locked (TVL) has skyrocketed from $45 million to over $120 million, according to CoinStats. This surge is not just a number on the screen—it signifies an increase in activity and trust from users on the network.

Cross-Chain Liquidity Made Easy With USDT0 on Flare 

Just imagine, if before there was only a drizzle of transactions, now it’s like the rainy season. The main driver is USDT0, a recently launched cross-chain stablecoin.

This stablecoin is not just used on one network. As we previously reported, through the integration with Stargate Finance, users can now send USDT from Ethereum and also USDT0 from various networks such as Arbitrum, Ink, Berachain, and Optimism directly to Flare. All of this can be done without the hassle of bridging and—most interestingly—without additional fees.

Gamified Rewards and New Utilities Are Reshaping XRP Participation

On the other hand, this is not the only step Flare takes. Last February, they released Flare Fair, a DeFi gamification program with a simple goal: to make people more comfortable in their ecosystem. The rewards offered are also quite tempting, such as rFLR and FlareDrops for active users.

Furthermore, Flare also launched XRPFi in April. For XRP holders, this is like an uplifting moment. The reason is XRPFi presents typical DeFi features such as staking and lending.

So, XRP holders can get additional benefits without having to always hope for the price to go up. This step clearly expands the function of XRP beyond just a transfer tool or passive investment.

However, for all of this to run smoothly, technical updates also need to be prepared. Flare is scheduled to carry out a hard fork v1.10 on May 13. This update will align Flare’s base code with Avalanche v1.10.0, which aims to improve network security and performance. Node operators are required to update their systems to remain compatible.

Besides that, on May 5, 2025, Flare announced that its USDT0 stablecoin is now directly tradable on Kraken. This means that the stablecoin’s exposure and adoption are growing. And as liquidity increases, so does DeFi activity on Flare.

Looking at all of this, it seems like Flare is putting the pieces of the puzzle together one by one. From product, infrastructure, to user incentives. It may not be the end of the road yet, but the direction they are taking is clear—they want to be a major player in the increasingly crowded DeFi sector.

Meanwhile, as of press time, FLR is swapped hands at about $0.01963, up 0.48% over the last 24 hours and 12.77% over the last 7 days.