So XRP now has a direct spot market on Hyperliquid with FXRP. It's a pretty good way for holders to access it—you can trade on the on-chain order book without going through a centralized custody. The FXRP-USDC pair just launched, and the interesting part is that you can move your XRP between chains via Flare's FAssets system and LayerZero.

What intrigues me is Hyperliquid's order book model. Unlike the automated liquidity pools we see everywhere in DeFi, it offers tighter spreads and more solid execution as volume increases. So for large traders who want to hedge their positions or manage risk across multiple platforms, it's appealing.

Flare has thought of the full loop: you can trade FXRP on Hyperliquid, then convert it back to Flare to access XRPi uses like lending and staking. And afterward, you can send it back to the XRP Ledger in its canonical form. A dedicated one-click bridge is planned to simplify withdrawals. This is the omnichain infrastructure that’s really starting to work. Do you think this makes a difference for XRP adoption?