Flare Network Launches Spot Trading for XRP on Hyperliquid Through FXRP

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Source: CryptoNewsNet Original Title: Important Development Concerning XRP: Listed on a Highly Popular Platform Where It Was Previously Unavailable Original Link: https://cryptonews.net/news/market/32241546/ Flare Network has launched the first-ever spot access to Ripple (XRP) on its platform by listing FXRP for trading on the Hyperliquid exchange.

The market, launched with the FXRP/USDC pair, added a spot dimension to XRP transactions on Hyperliquid, which were previously limited to perpetual futures contracts.

Until now, XRP trading on Hyperliquid has not been offered in spot form due to infrastructure limitations. Dhruv Shah, a DeFi analyst at Flare, stated that the primary reason for this is that XRP, like Bitcoin, is not compatible with the Ethereum Virtual Machine (EVM). Therefore, he argued, on-chain platforms often prefer “wrapped” versions of spot assets, and FXRP is the Flare ecosystem’s equivalent of this model.

FXRP was developed as a LayerZero Omnichain Fungible Token, representing wrapped XRP issued at a 1:1 ratio via Flare’s FAssets system. After being traded on Hyperliquid’s order book, the token can be bridged back to Flare via LayerZero infrastructure and converted to real XRP on the XRP Ledger at any time. Flare announced that a dedicated FXRP bridge, supported by Flare Smart Accounts, will soon be launched, enabling one-click withdrawals from Hyperliquid to the XRP Ledger.

XRP-2.33%
FLR-1.83%
USDC0.01%
BTC-0.62%
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BlockchainNewbievip
· 4h ago
XRP is now trading spot on Hyperliquid. Is it about to take off?
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DoomCanistervip
· 14h ago
XRP can finally be traded on Hyperliquid. This flare has some real potential.
View OriginalReply0
DeFiAlchemistvip
· 01-07 19:50
*adjusts alchemical instruments* ah, so flare finally transmuting xrp liquidity on hyperliquid? the protocol synergies here are genuinely fascinating—yield optimization meets cross-chain alchemy. tbh the risk-adjusted returns on this could reshape the entire dex ecosystem if the algorithmic equilibrium holds...
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ForkTroopervip
· 01-07 19:49
XRP has finally been listed on Hyperliquid, so there's no reason not to trade it now.
View OriginalReply0
TokenomicsPolicevip
· 01-07 19:48
XRP can finally be traded on Hyperliquid, and the Ripple ecosystem is alive again.
View OriginalReply0
PrivateKeyParanoiavip
· 01-07 19:47
Finally, XRP can also be traded on Hyperliquid spot now. Why didn't I think of this before?
View OriginalReply0
ApeEscapeArtistvip
· 01-07 19:44
XRP has finally been listed on Hyperliquid, and now the liquidity is skyrocketing.
View OriginalReply0
AirdropAutomatonvip
· 01-07 19:26
XRP has finally launched on Hyperliquid. It should have been like this earlier.
View OriginalReply0
RektDetectivevip
· 01-07 19:25
Haha, Flare finally got XRP up, why didn't I think of that before?
View OriginalReply0
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