Flare launches first XRP spot market on Hyperliquid
Flare launched the first XRP spot market, FXRP/USDC, on Hyperliquid's onchain orderbook, expanding XRP's DeFi utility.Summary
Layer 1 blockchain Flare has launched the first XRP spot market on Hyperliquid, featuring the FXRP/USDC trading pair on Hyperliquid’s onchain orderbook. This integration utilizes Flare's FAssets infrastructure and LayerZero's OFT standard, allowing FXRP to move between chains, trade natively on Hyperliquid, and be redeemed back to XRP on the XRP Ledger, ensuring a complete end-to-end onchain trading lifecycle.
Flare co-founder Hugo Philion stated that this move places XRP in a highly liquid onchain trading environment, expanding XRP's capabilities across Decentralized Finance (DeFi) while keeping the XRP Ledger (XRPL) as the primary settlement layer. The listing provides expanded liquidity access across various blockchain ecosystems while maintaining onchain custody. Furthermore, FXRP can connect to Flare to access XRPFi applications like lending and staking.
(Source：Crypto Briefing)