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>>XRP arrives on Hyperliquid as institutional spot trading launches on the leading DEX

XRP arrives on Hyperliquid as institutional spot trading launches on the leading DEX

crypthub

1 day ago

FXRP Launch on Hyperliquid

FXRP/USDC debuted on Hyperliquid’s fully on‑chain orderbook, giving XRP spot exposure on the platform. The token is a bridged representation of XRP created via Flare’s FAssets and LayerZero’s omnichain standard, allowing seamless movement between the XRP Ledger and Flare. Users can trade, settle, and return to the XRP Ledger without relinquishing custody.

Hyperliquid Spot Market Advantages

Hyperliquid operates an order‑book‑based spot market, offering deeper liquidity and better price discovery than typical AMM pools. The platform handled over $2.9 trillion in total trading volume in 2025 and records daily volumes exceeding $169 million across spot pairs and its native token. Its architecture supports high‑speed execution, making it a leading venue for decentralized derivatives and spot trading.

Market Impact and Future Outlook

FXRP trades around $2.29, rose more than 20 % in a week, and posted 24‑hour volume above $14 million, indicating strong demand. Flare’s ecosystem now holds roughly $220 million in total value locked, with DEX volume on the network doubling to over $84 million. The bridge enables traders to move FXRP back to Flare for lending, staking, or a one‑click withdrawal to the XRP Ledger, expanding XRP’s DeFi utility.