Flare has introduced a spot market for XRP on the Hyperliquid trading platform, aiming to enhance XRP liquidity and facilitate cross-chain movement of FXRP, a Flare FAsset. This launch, supported by the FAssets system and LayerZero’s Omnichain Fungible token standard, marks the first XRP spot market on Hyperliquid. The platform now lists FXRP for trading under the FXRP/USDC pair, reinforcing XRP's role as a multichain asset. Hyperliquid's orderbook model is designed to outperform automated market maker pools, especially in high-volume conditions, allowing XRP to be traded as FXRP and bridged back to the XRP Ledger. This integration enables users to trade and bridge XRP without losing custody, offering access to DeFi applications like lending and staking. Flare's Co-Founder Hugo Philion highlighted the expansion of XRP's capabilities across DeFi while maintaining the XRP Ledger as a core settlement layer.
Flare Launches XRP Spot Market on Hyperliquid, Enhances Cross-Chain FXRP Movement
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