【Block Rhythm】Flare just announced the launch of XRP spot trading functionality on Hyperliquid. Specifically, they launched the FXRP asset and opened the FXRP/USDC trading pair, enabling XRP holders to trade directly on Hyperliquid’s order book for spot transactions.
The issuance scheme for FXRP is quite interesting — it’s built on Flare’s FAssets system while incorporating LayerZero’s omnichain standard. After trading FXRP on Hyperliquid, you can bridge it back to XRP Ledger, maintaining cross-chain flexibility.
From Flare’s perspective, this move is quite strategic. On one hand, it preserves the characteristics of decentralized custodianship, with XRP Ledger remaining as the final settlement layer; on the other hand, it expands XRP’s application scenarios into the DeFi space, providing XRP holders with deeper on-chain liquidity options. For the entire XRP ecosystem, this means asset utilization efficiency has reached a new level.
FlareがHyperliquidにXRP現物取引を開始、FXRP/USDC取引ペアが正式にオープン
【Block Rhythm】Flare just announced the launch of XRP spot trading functionality on Hyperliquid. Specifically, they launched the FXRP asset and opened the FXRP/USDC trading pair, enabling XRP holders to trade directly on Hyperliquid’s order book for spot transactions.
The issuance scheme for FXRP is quite interesting — it’s built on Flare’s FAssets system while incorporating LayerZero’s omnichain standard. After trading FXRP on Hyperliquid, you can bridge it back to XRP Ledger, maintaining cross-chain flexibility.
From Flare’s perspective, this move is quite strategic. On one hand, it preserves the characteristics of decentralized custodianship, with XRP Ledger remaining as the final settlement layer; on the other hand, it expands XRP’s application scenarios into the DeFi space, providing XRP holders with deeper on-chain liquidity options. For the entire XRP ecosystem, this means asset utilization efficiency has reached a new level.