Flare launches first XRP spot market on Hyperliquid

Source: CryptoNewsNet Original Title: Flare launches first XRP spot market on Hyperliquid Original Link: Layer 1 blockchain Flare announced the launch of the first XRP spot market on Hyperliquid through the listing of FXRP for spot trading, beginning with an FXRP/USDC pair.

The move brings XRP spot exposure to Hyperliquid’s onchain orderbook, expanding liquidity access across chains while maintaining custody onchain.

Flare co-founder Hugo Philion commented on the FXRP listing, stating it places XRP within one of the most liquid onchain trading environments:

By combining Flare’s FAssets infrastructure with Hyperliquid’s orderbook, we are expanding what XRP can do across DeFi while preserving XRPL as the canonical settlement layer.

Enabled by Flare’s FAssets framework and LayerZero’s OFT standard, FXRP can circulate between chains, trade natively on Hyperliquid, and be redeemed back to XRP on the XRP Ledger, supporting a full end-to-end onchain trading lifecycle.

Dhruv Shah, DeFi Analyst of Flare, noted:

FXRP brings a new asset class into Hyperliquid’s ecosystem while remaining fully onchain end to end. The integration allows traders to directly access XRP spot exposure through a professional-grade orderbook.

In addition to trading on Hyperliquid, FXRP can be connected to Flare to access XRPFi applications such as lending, staking, and others.