With the injection of liquidity and the maturity of key infrastructure, Flare is at a critical moment in leading the XRPFi narrative. This article is derived from an in-depth report produced by Messari, authored by Jeremy Koch and translated by the content team of Dong District. (Background: One-click conversion of BTC, DOGE.. into ERC-20 tokens, Flare launches FAssets and announces airdrop of $400,000 test rewards) (Background Supplement: Flare Network launches Songbird test: Users can easily trade minting and unlock generous rewards) Recently, the well-known cryptocurrency research institution Messari released an in-depth report on the public chain Flare (FLR), revealing how Flare, as a "blockchain born for data," can unleash the immense potential of non-smart contract assets like XRP in the decentralized finance (DeFi) sector through its unique built-in data infrastructure and FAssets system. The report points out that with the injection of liquidity and the maturity of key infrastructure, Flare is at a key moment in leading the XRPFi narrative. Key Insights: The native data stack (FTSO + FDC) built into Flare makes it a "blockchain born for data," enabling verifiable cross-chain activities and oracle data without relying on external intermediary software. This native infrastructure supports the security of FXRP and distinguishes Flare from other L1 public chains. XRPFi introduces one of the most liquid assets in cryptocurrency into the DeFi ecosystem. Through FXRP, holders can mint a 1:1 XRP token on Flare in a completely non-custodial manner, endowing the token with EVM-level composability. After the launch of USD₮0, liquidity quickly surged. Within 13 days after its launch, Flare's TVL more than doubled (exceeding $120 million), providing the stablecoin depth needed for thriving FXRP-based lending, AMM, and liquidity mining. Not only FXRP, but FBTC, FDOGE, and other FAssets have been included in Flare's roadmap, meaning the same trust-minimized bridging architecture can mobilize liquidity from Bitcoin, Dogecoin, and other yet-to-be-developed ecosystems. Songbird plays a critical role as a production-grade canary network, allowing Flare to test upgrades such as FAssets v1.1 and proxy mechanisms under real economic conditions, thus providing solutions that balance innovation speed and security, helping to reduce the risks of mainnet deployment. FAssets unleash XRPFi potential. The report first introduces Flare, which is a full-end Layer-1 designed for data-intensive use cases. Flare has built-in powerful data infrastructure, bridging non-smart contract blockchain assets and the DeFi world. The core of Flare has three main features: FTSO (Flare Time Series Oracle): As a native oracle, FTSO provides decentralized data feeds for the Flare network without relying on external intermediary software. FDC (Flare Data Connector): Aims to validate external data for Flare's EVM state. FAssets: Allows the creation of fully collateralized asset representations of non-smart contract assets on Flare. An example of an FAsset is FXRP, which is a version of XRP that can be used in Flare's EVM-compatible environment. FXRP contributes to the development of XRPFi: the emergence of a DeFi ecosystem built around XRP. Flare's technology provides a pathway for XRP to unleash its potential value and integrate into the broader DeFi space. This potential has attracted attention from retail and institutional investors, laying the foundation for one of the most significant advancements in the XRP ecosystem since its inception. Institutional interest in FAssets surges, driving the XRPFi narrative. Messari's report delves into FAssets as a core innovation of the Flare ecosystem, bringing non-smart contract blockchain assets (such as XRP, BTC, DOGE) into Flare through a trustless decentralized system. The report uses FXRP as an example to illustrate its operational mechanism. Unlike traditional wrapped tokens that rely on centralized custodial entities, the minting process of FXRP is secured by a decentralized proxy network and an over-collateralization mechanism. The recent upgrade to FAssets v1.1 introduced the Core Vault, an innovation aimed at enhancing system liquidity and scalability. The Core Vault acts as a liquidity center, allowing agents to deposit XRP, which in turn unlocks collateral on the Flare blockchain. These collaterals can then be used to mint FXRP or allocated elsewhere. For non-smart contract chains like XRPL, FAssets represent a transformative opportunity that allows XRP token holders to participate in comprehensive DeFi activities (i.e., XRPFi), such as lending, liquidity mining, and liquidity provision, bridging the historical limitations of XRP in DeFi applications, and providing a crucial pathway to unleash its potential value without sacrificing asset custody rights. FAssets are still under continuous development and deployment; FXRP has gone live on the Songbird test network, and user reactions to the Songbird deployment regarding XRPFi have been very enthusiastic, rapidly reaching the $2 million test cap in just four days. FXRP is still awaiting launch on the Flare mainnet, and the mainnet launch plan is proceeding smoothly, with the Flare official team working hard to ensure a successful launch. Institutional interest surrounding FAssets has also emerged, with Uphold, a U.S. digital currency platform holding over 1.8 billion XRP, expressing interest in participating in the FAssets ecosystem. Additionally, Nasdaq-listed VivoPower is deploying $100 million worth of XRP on Flare. This institutional interest can be seen as major players in the XRP ecosystem viewing FAssets as a pathway to achieving XRPFi. For retail investors, XRPFi democratizes financial services previously inaccessible to XRP holders, allowing individual investors to participate in yield-generating activities alongside large institutions and earn returns through their holdings of XRP. Flare has been building infrastructure for XRPFi for years, focusing on security, scalability, and user experience, establishing a foundation that supports the sustainable growth of the XRPFi ecosystem. The report is optimistic about the future potential of XRPFi, stating: "Unlocking the dormant value of XRP for DeFi...