Flare announced the launch of the FXRP/USDH spot market on Hyperliquid, further expanding onchain trading infrastructure and liquidity for XRP. The new market follows the recent debut of FXRP/USDC and strengthens XRP’s integration with Hyperliquid’s decentralized order book, connecting XRP exposure directly with USDH, a native quote asset within the ecosystem.
According to Flare, the launch reflects a broader shift in XRP’s utility, moving beyond its historical focus on payments toward programmable applications and decentralized finance. Filip Koprivec, Flare’s chief product officer, stated that XRP’s limited smart contract functionality had long represented an “infrastructure gap” that constrained its economic use. With access to DeFi and composable applications through Flare, XRP activity is increasingly driven by functional demand rather than speculation.
The FXRP/USDH launch on January 28 deepens liquidity on Hyperliquid and highlights growing demand for XRP-based assets within the HyperEVM ecosystem. Flare co-founder Hugo Philion said the team believes FXRP is positioned to become the preferred XRP representation on Hyperliquid, citing the importance of seamless capital movement between the XRP Ledger, Flare, and HyperEVM.
Source: Flare Network, Hyperliquid, Media Statements
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