Key takeaways
- Flare unveiled the first XRP spot market on Hyperliquid’s on-chain order book with the FXRP/USDC trading pair.
- The listing provides a way to expand the liquidity of XRP across different blockchain ecosystems while ensuring on-chain custody.
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Layer 1 blockchain Flare today announced the launch of the first XRP spot market on Hyperliquid via the listing of FXRP for spot trading, starting with an FXRP/USDC pair.
The move brings one-time exposure to XRP to Hyperliquid’s on-chain order book, expanding access to liquidity across chains while maintaining on-chain custody.
Discussing the FXRP listing, Flare co-founder Hugo Philion said it places XRP in one of the most liquid on-chain trading environments.
“By combining Flare’s FAssets infrastructure with Hyperliquid’s order book, we are expanding what XRP can do in DeFi while preserving XRPL as the canonical settlement layer,” Philion said.
Enabled by Flare’s FAssets framework and LayerZero’s OFT standard, FXRP can flow across chains, trade natively on Hyperliquid, and be redeemed as XRP on the XRP Ledger, supporting a complete end-to-end onchain trading lifecycle.
“FXRP brings a new asset class into the Hyperliquid ecosystem while remaining fully on-chain end-to-end,” said Flare DeFi analyst Dhruv Shah, noting that the integration allows traders to directly access XRP spot exposure via a professional-grade order book.
In addition to trading on Hyperliquid, FXRP can be connected to Flare to access XRPFi applications such as lending, staking and others.
