Ask about FAssets
Logo of FAssetsFAssets
Total Value Locked$171.28m

TVL by Chain

XRPL$159.57m

Flare$11.71m

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

Category:Bridge

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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

LayerZero V2 ($6.716b)Coinbase Bridge ($6.202b)Axelar ($129.49m)NEAR Intents ($93.57m)SoDEX Bridge ($54.8m)Wrapped ($19.36m)Orbit Bridge ($14.98m)Wan Bridge ($7.27m)Allbridge Classic ($1.1m)21.co ($2.24)

Frequently Asked Questions

What is FAssets?

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

What is FAssets' TVL?

FAssets currently has $171.28m in total value locked. TVL has increased 0.4% 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 93.2%.

How does FAssets' TVL compare to similar protocols?

Among Bridge protocols tracked by DefiLlama, FAssets ranks #20 by TVL. The category holds $44.972b across 151 protocols, and FAssets accounts for 0.4% of that total. Other leading protocols include WBTC, LayerZero, and Coinbase Bridge.