XRP Spot Trading Debuts On Hyperliquid Via Flare’s FXRP

Hyperliquid has launched spot XRP trading through Flare’s FXRP token, becoming one of the first platforms to offer a spot XRP pair in a fully onchain environment. The FXRP-USDC market allows users to gain direct exposure to XRP while maintaining custody entirely on the blockchain.

FXRP can be moved across multiple chains using Flare’s FAssets system combined with LayerZero’s interoperability standard, enabling seamless transfers to and from the XRP Ledger.

This structure gives XRP holders access to decentralized trading and the broader XRPFi ecosystem without needing to bridge through Flare directly.

Trading on Hyperliquid operates via an onchain order book designed to deliver tighter spreads, deeper liquidity, and professional-grade execution. The platform aims to outperform automated market makers, particularly during periods of high market activity, by reducing slippage on larger orders.

The launch further strengthens XRP’s presence in decentralized finance and highlights growing demand for institutional-style onchain trading venues.

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