Flare announces the launch of the first XRP spot market on Hyperliquid, by listing FXRP and opening the FXRP/USDC trading pair, enabling spot trading of XRP on Hyperliquid's order book. FXRP is issued based on Flare's FAssets system and LayerZero's cross-chain standards, and can be bridged back to XRP Ledger after trading on Hyperliquid. Flare states that this move expands the use cases of XRP in DeFi scenarios while maintaining decentralized custody and using XRPL as the final settlement layer, and provides deeper on-chain spot liquidity for XRP holders. (CoinDesk)
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Flare announces the launch of the first XRP spot market on Hyperliquid, by listing FXRP and opening the FXRP/USDC trading pair, enabling spot trading of XRP on Hyperliquid's order book. FXRP is issued based on Flare's FAssets system and LayerZero's cross-chain standards, and can be bridged back to XRP Ledger after trading on Hyperliquid. Flare states that this move expands the use cases of XRP in DeFi scenarios while maintaining decentralized custody and using XRPL as the final settlement layer, and provides deeper on-chain spot liquidity for XRP holders. (CoinDesk)