Flare (FLR) Latest Developments
FXRP Spot Trading Launch on Hyperliquid
Flare achieved a significant milestone on January 7, 2026, integrating wrapped XRP (FXRP) onto the Hyperliquid decentralized exchange and creating the first FXRP/USDC spot trading pair, providing an on-chain order book for deeper liquidity and professional trading features. A dedicated bridge for one-click redemptions back to the XRP Ledger is expected soon.
Firelight Liquid Staking Protocol Advancement
Firelight is a liquid staking protocol that allows XRP holders to mint FXRP and deposit it to receive stXRP, a liquid ERC-20 token that earns rewards while remaining usable in DeFi, with mainnet launch on Flare anticipated in the first quarter of 2026 following a security audit and testing on Songbird.
CEO Addresses Viral Manipulation Claims
Flare CEO Hugo Philion debunked a viral WhatsApp conversation that claims to show Ripple insiders discussing strategic manipulation of FLR. Philion publicly dismissed the viral WhatsApp conversation alleging insider manipulation as "clearly nonsense".
FXRP Adoption Metrics
Wrapped asset FXRP has reached a circulating supply of 89.03 million tokens, valued at approximately $170.98 million at current prices. Philion emphasized that retail participants have driven this growth, noting that institutional players have yet to enter, and added that FXRP is gradually evolving from a simple digital token into a yield-bearing financial instrument.
Market Performance
Current FLR price stands at $0.010447, with a 24-hour change of +0.38% and a 7-day decline of -5.9%. The token maintains a market capitalization of $866.95 million and ranks 81st by market cap.
Institutional Developments
Nasdaq-listed company VivoPower committed $100 million worth of XRP to be deployed through Flare, custody giant BitGo added support for FLR, and a Flare ETF application by Teucrium is under SEC review.
Multi-Asset Expansion Vision
A core long-term vision for Flare is to extend its FAssets system beyond XRP to tokenize other non-smart contract assets like Bitcoin and Dogecoin, allowing holders of these assets to use them as collateral and participate in Flare's DeFi ecosystem.
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