XRP spot trading is now live on Hyperliquid with Flare's FXRP listing

Core Insights - Flare has launched the first XRP spot market on Hyperliquid, allowing FXRP to be traded against USDC, marking a significant development in onchain trading for XRP [1] - The FXRP token, representing XRP, is enabled by Flare's FAssets system and LayerZero's omnichain token standard, facilitating cross-chain movement and trading [2] - The integration of Flare's FAssets infrastructure with Hyperliquid's orderbook aims to enhance XRP's utility in DeFi while maintaining the XRP Ledger as the primary settlement layer [3] Trading Platform Features - Hyperliquid operates on an orderbook model, contrasting with the automated market maker pools prevalent in most DeFi platforms, which can provide tighter spreads and more reliable execution during high trading activity [4] - FXRP will be routed through Flare's HyperEVM layer into HyperCore for spot trading, with plans for a dedicated bridge to enable seamless withdrawals back to the XRP Ledger [5] - The platform offers XRP holders access to a robust onchain spot venue with familiar trading tools, while Hyperliquid users can engage with a new large-cap asset without centralized custody [5] Additional Functionalities - FXRP can be bridged back to Flare post-trading for additional uses such as lending and staking, ensuring an end-to-end onchain cycle [6]