Flare expands FXRP trading on Hyperliquid

Flare has launched the FXRP/USDH spot market on Hyperliquid, expanding XRP’s onchain trading infrastructure and positioning FXRP as a core liquidity asset across decentralised markets.

The new market follows the recent FXRP/USDC rollout and integrates XRP exposure with USDH, Hyperliquid’s native quote asset, deepening spot liquidity and capital mobility between XRP Ledger, Flare and HyperEVM.

“We believe FXRP will become the XRP asset of choice on Hyperliquid,”

Said Flare co-founder Hugo Philion, describing the launch as a key step in growing FXRP within the HyperEVM ecosystem.

Flare executives argue XRP’s historical underperformance stemmed from an infrastructure gap rather than lack of demand, with smart contract limitations previously constraining its economic utility.

Since the launch of Flare’s FAssets system, more than 90 million XRP have been converted into FXRP, with nearly 80% of minted FXRP now deployed across decentralised finance protocols.

The shift marks a change in XRP’s investment thesis, as holders increasingly use the asset for lending, collateral and native onchain trading rather than speculative transfers alone.

The FXRP/USDH launch comes as XRP derivatives activity exceeds $200 million in open interest, giving traders new tools to hedge, arbitrage and execute strategies between spot and perpetual markets.

At the time of reporting, Flare price was $0.01051.