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Flare recently went live with the first XRP spot market on Hyperliquid via its FXRP token, marking a significant move in the DeFi landscape. According to Flare's co-founder Hugo Philion, the initiative aims to unlock broader utility for XRP across decentralized finance protocols. This development signals growing efforts to bridge traditional blockchain assets with cutting-edge trading infrastructure, potentially opening new avenues for XRP holders and DeFi participants seeking enhanced liquidity and trading options.