Flare's XRP DeFi Ecosystem Sees Slow User Growth

Flare's XRP DeFi ecosystem has been experiencing slower-than-expected growth, with an average of 76 new users joining daily since its launch. According to NS3.AI, this figure falls significantly short of the network's initial target of $1 billion in XRP locked. Currently, FXRP has approximately $190 million in bridged assets. Meanwhile, FLR is trading at $0.0079, having reached a new all-time low today.