Tuesday, July 28, 2026 · XRPTRACER news
By XRPTRACER Research Team
Two signatures just became one. Flare Smart Accounts (FSA) v1.3 lets an XRP holder go from XRP on the XRP Ledger to an earning yield vault on Flare with a single XRPL signature. The release also adds a second vault and four new wallet connections.
XRP market moves
XRP opened July 28 (00:00 UTC) at about $1.07, down roughly 4.2% from the day before, with a market cap near $66.6B (CoinGecko daily history). That gives back most of last week's push to about $1.14. Bitcoin slipped to about $63,700, down 2.5%, so the dip is broad. The $1.02–$1.06 support zone traders have watched all month is close again.
Wall Street keeps building
What v1.3 changes. Until now, depositing through FSA took two XRPL signatures: one to reserve collateral, one to send the XRP. v1.3 merges them. "Pick a vault, sign once from the XRPL wallet you already use," Flare writes, and FSA mints FXRP, deposits it and starts it earning. Flare says the XRP collateral stays on XRPL, backed 1:1, under the user's control, with no separate EVM wallet, gas token or manual bridging.
How it works. XRPL is the control layer. The memo field of an XRPL transaction encodes the instruction (how much FXRP to mint, which vault). Flare's Data Connector proves the transaction on Flare, and a proxy contract mapped to that XRPL address executes it. Flare stresses that authorization is "proof-based," with no session keys and no third party holding funds.
Two vaults now.
- Monarq XRP Yield Vault: managed multi-strategy (options, basis and funding-rate capture, on-chain DeFi). Monarq is majority-owned by FalconX. Blends on-chain and off-chain execution.
- Clearstar's Flare XRP Yield Vault (new to FSA): fully on-chain, lending FXRP across Flare protocols including Avant and Euler. Flare says Clearstar was the first FXRP vault built on Upshift and has held over 33M FXRP in deposits.
Five wallet connections. D'CENT (live since May), plus new Xaman, Joey Wallet (in-wallet integration), Ledger (via Ledger Live) and WalletConnect, which covers Bifrost.
On-chain data
Flare's own figures, which we report as published:
- FXRP in DeFi: about 82M → 144M since February 2026 (+~75%)
- XRP earning yield via Xaman and D'CENT: more than 40M
- Smart accounts created: nearly 24,000
- Clearstar vault: over 33M FXRP held
We haven't independently reconciled these on-chain. For scale: 144M FXRP is about $153M at today's price, a tiny share of XRP's roughly 62B circulating supply.
What people are talking about
XRPFi accounts are calling it "XRPFi for all," which is Flare's own tagline. The fair version: fewer clicks means more people finish the flow, and Ledger plus Xaman reach far more holders than D'CENT alone. The skeptic's version: one signature reduces friction, not risk. The same bridge, smart-contract and strategy risks apply, and Flare itself says returns "move week to week."
Question everything
Flare frames the two vaults as different risk profiles, and that's the right lens. Clearstar is fully on-chain and checkable in real time. Monarq adds off-chain trading, which carries counterparty and venue risk that on-chain dashboards can't show. Neither is a fixed-rate savings product. If you see a single headline APY quoted for "XRP yield on Flare," ask which vault and over what period.
Flows and macro
US spot XRP ETFs have gone quiet again: about -$7K on July 23, -$14K on July 24 and $0 on July 27, per XRP Insights flow data. July to date is about +$12.4M, well below June. ETF buyers and FXRP depositors are different crowds: one wants XRP price exposure in a brokerage account, the other wants XRP-denominated yield while keeping self-custody.
What to watch next
- FXRP growth after v1.3. Whether 144M climbs faster now that Ledger and Xaman users have a one-signature path.
- Vault deposits by provider. Monarq vs Clearstar shows which risk profile XRP holders prefer.
- More vaults. Flare says more vaults "with varying strategies are coming."
- XRP at $1.02–$1.06. The support zone is close again after today's dip.
The XRPTRACER take
This is the follow-through on May's D'CENT launch. When MXRPY launched on May 15, Flare said the goal was a single-signature flow; v1.3 delivers it. It's a genuine usability gain for XRPFi and a wider funnel through Ledger and Xaman. It doesn't change XRP's supply, Ripple's business or today's market dip, and the yield still carries real risk. We'll keep tracking FXRP supply on the Dashboard and log v1.3 on the Catalyst Tracker.
Sources: Flare: One Signature XRPFi for All · Flare Smart Accounts · Flare Developer Hub: Smart Accounts · Flare: Flare and D'CENT (May 19) · CoinGecko XRP history · XRP Insights ETF flows
Price is CoinGecko's daily snapshot at 00:00 UTC on July 28, 2026. ETF flows through July 27.
Not investment advice. See our Disclaimer.
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