Flare Ignites XRP Spot Trading on Hyperliquid - A New Era for Ripple’s Ecosystem

Flare Network just lit the fuse. XRP spot trading is now live on Hyperliquid—a move that bypasses traditional exchange bottlenecks and plugs Ripple's flagship asset directly into one of DeFi's fastest-growing perpetuals platforms.

The Integration Play

This isn't just another listing. Flare's FTSO (Flare Time Series Oracle) bridges the gap, supplying Hyperliquid with secure, decentralized price data for XRP. The network acts as a trustless pipeline, eliminating the need for centralized data feeds. It cuts out the middleman, letting traders access spot XRP paired against USDC with the low-latency execution Hyperliquid is known for.

Why It Matters for Traders

For the crypto-native crowd, it's about optionality and efficiency. You can now go long or short on XRP perpetuals with a spot hedge on the same venue—streamlining strategies that once required hopping between platforms. It brings sophisticated pairings and deeper liquidity to XRP, an asset sometimes sidelined by the ETH and SOL dominance on major DeFi hubs.

The Bigger Picture: Utility Over Hype

Flare's core mission has always been to bring smart contract utility to assets like XRP that weren't built with it. This integration is a tangible step. It transforms XRP from a mostly speculative holding—or a relic in some regulator's lawsuit, depending on who you ask—into a productive, yield-generating asset within a broader DeFi ecosystem. It's a quiet but significant push against the 'digital gold' narrative, arguing instead for assets that actually *do* something.

One cynical finance jab? It's a welcome break from the cycle of inventing new tokens to solve problems that don't exist. Here, two established projects are actually building a useful bridge. Whether the market rewards utility over memes this time remains the trillion-dollar question—but at least the infrastructure is getting built while the suits are arguing.

The bottom line: Flare just gave XRP a new runway. Access to Hyperliquid's deep liquidity and leveraged products could attract fresh capital and trading strategies, potentially shaking the asset out of its recent consolidation. For a network betting on utility, this is where theory meets the trading terminal.

How FXRP reaches Hyperliquid and trades onchain 

According to Flare’s insight on the new Hyperliquid listing, FXRP is routed from Flare to Hyperliquid’s HyperEVM before being represented on HyperCore, Hyperliquid’s Core trading layer, where spot markets operate.

Once on HyperCore, FXRP trades against USDC on an onchain order book where users have access to transparent pricing and liquidity. Philion said the structure allows FXRP to MOVE back to its canonical environment on the XRP Ledger without executing several manual steps.

A dedicated FXRP bridge powered by Flare Smart Accounts is expected to launch in the coming weeks, which could enable one-click withdrawals from Hyperliquid back to the XRP Ledger.

According to data from CoinGlass, XRP perpetual futures currently carry around $250 million in open interest, but traders haven’t had a direct spot market on the same platform to hedge their exposure. FXRP’s availability for spot trading could help them combine spot positions with perpetual contracts or execute directional strategies.

Traders can access the FXRP spot market on Hyperliquid depending on their background and assets. Before trading, users must activate a Hyperliquid account by connecting an EVM-compatible wallet such as MetaMask or Rabby that can move assets between Flare, HyperEVM, and HyperCore.

One route mentioned by Flare is depositing USDC directly from Arbitrum within the Hyperliquid application. The funds are credited to HyperCore, where traders can swap USDC into FXRP using the onchain order book. 

Another way to transfer coins is to bridge XRP from the XRP Ledger to Flare, where it is issued as FXRP through the FAssets system. The token can then be sent via Stargate to HyperEVM and then to HyperCore for spot trading.

Flare is also planning to enable direct bridging of FXRP from the XRP Ledger to Hyperliquid using a Flare Smart Account-powered bridge in a later phase. The upgrade will also allow one-click withdrawals of FXRP from Hyperliquid back to the XRP Ledger once it goes live.

After acquiring FXRP on Hyperliquid, users can bridge the token back to Flare using the same Stargate infrastructure, opening access to lending on money markets and staking through Firelight, Flare’s staking platform. 

Flare adds more use cases for XRP; Ripple not going public yet

As reported by Cryptopolitan on December 23, Flare Network launched a new yield-bearing XRP product called earnXRP to draw more Ripple tokens into decentralized applications. The earnXRP product was developed in collaboration with Upshift Finance and Clearstar. 

EarnXRP users can deposit FXRP into a single vault that automatically allocates funds to onchain activities, and the yield generated by those strategies is denominated in XRP, the project’s developers revealed.

The expansion of XRP into DeFi comes as Ripple, the parent company of the token, shut down rumors about going public in 2026. President Monica Long said the company does not plan to pursue an initial public offering.

“Currently, we still plan to remain private. Often the strategy driving an IPO is to get access to the investors and the liquidity of the public markets … We’re in a really healthy position to continue to fund and invest in our company’s growth without going public,” Long told Bloomberg in an interview on Tuesday.

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