Flare Launches Spot XRP Market on Hyperliquid, Allowing FXRP to Move Across Chains
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Flare has launched a spot market for XRP on Hyperliquid, enhancing liquidity access for XRP. This market utilizes Flare's FAssets and LayerZero's omnichain token standard. It marks the first XRP spot market on the Hyperliquid platform.
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The decentralized finance (DeFi) applications blockchain network Flare has launched a spot market for XRP on the on-chain trading platform Hyperliquid. This development aims to widen access to XRP liquidity while enabling the movement of FXRP, which is one of Flare’s FAssets, across chains.
According to a press release sent to CryptoPotato, both the FAssets system and LayerZero’s Omnichain Fungible token standard enabled the launch of the XRP spot market. The spot market is the first of its kind on Hyperliquid.
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