According to CoinMarketCap, Flare has launched the first XRP spot market on Hyperliquid via its FXRP token, creating a spot venue for XRP exposure on Hyperliquid (source: CoinMarketCap on X, Jan 8, 2026). Flare co-founder Hugo Philion said they aim to expand what XRP can do across DeFi, confirming a utility-focused rollout for XRP through FXRP on Hyperliquid (source: CoinMarketCap on X, Jan 8, 2026).

According to the source, Firelight Finance launched an XRP staking protocol on the Flare network. The source states it introduces stXRP as a liquid token designed to earn rewards via a DeFi insurance model. The source did not disclose APY, lockups, or DEX/CEX support for stXRP, which are key parameters for trading and yield strategies, according to the source. The source specifies deployment on Flare but does not name integration partners or timelines, according to the source.