Logo of FAssetsFAssets
Total Value Locked$214.09m

TVL by Chain

XRPL$202.7m

Flare$11.39m

Protocol Information

FAssets is a trustless, over-collateralized bridge protocol on Flare that lets users mint wrapped versions of non-smart contract assets (e.g. XRP, BTC, DOGE) to use in DeFi, backed by on-chain collateral and Flare’s data oracles

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Category:Bridge

Methodology

TVL: Value of USDT0 and WFLR held in Agent's vaults and pools together with XRP tokens locked on XRPL either in core vault or in the escrows.View code on GitHub

Competitors

Coinbase Bridge ($7.993b)LayerZero V2 ($7.182b)Axelar ($144.19m)NEAR Intents ($134.02m)SoDEX Bridge ($68.88m)Wrapped ($24.88m)Orbit Bridge ($17.38m)Wan Bridge ($6.87m)Allbridge Classic ($1.04m)21.co ($4.35)

Frequently Asked Questions

What is FAssets' TVL?

FAssets currently has $214.09m in total value locked. TVL has increased 30.6% over the past 30 days.

What chains does FAssets operate on?

FAssets operates on 2 chains: Flare and XRPL. XRPL holds the largest share at 94.7%.

How does FAssets' TVL compare to similar protocols?

Among Bridge protocols tracked by DefiLlama, FAssets ranks #19 by TVL. The category holds $52.383b across 154 protocols, and FAssets accounts for 0.4% of that total. Other leading protocols include Coinbase Bridge, LayerZero V2, Axelar, NEAR Intents, SoDEX Bridge, Wrapped, Orbit Bridge, Wan Bridge, Allbridge Classic, and 21.co.