On May 15th, Flare Network’s value increased by 14% as other cryptocurrencies, known as altcoins, performed better than Bitcoin, which remained below its 200-day moving average.
Summary
- Flare Network’s FLR token rose 14% after the FAssets v1.3 upgrade went live, enabling one-click XRP-to-FXRP minting directly from centralized exchanges.
- Hyperliquid’s HYPE led all 24-hour gains at 16%, fueled by Bitwise’s new spot Hyperliquid ETF and Coinbase’s role as the protocol’s USDC treasury deployer.
- Unibase’s UB token gained 11% as AI agent marketplace momentum continued to attract capital rotation into smaller altcoins away from Bitcoin and Ethereum.
On May 15th, Flare Network launched upgrade v1.3 on its main network. This allows XRP owners to easily create FXRP – a token designed for use in decentralized finance (DeFi) – with a single transaction on the XRP Ledger, using standard destination tags.
The recent upgrade makes it easier to obtain FLR tokens by allowing users to simply withdraw them directly from popular exchanges like Binance and Kraken. This streamlined process eliminates previous complicated steps, which had hindered wider use. Following the announcement, the value of FLR increased by 14%.
Hyperliquid’s HYPE token saw the biggest 24-hour increase, jumping 16%. This was largely due to two things: Bitwise launching a new ETF that invests directly in Hyperliquid, and Coinbase being named as the official manager of the protocol’s USDC funds.
The value of Unibase’s UB token increased by 11%, building on its positive performance since the launch of its ERC-8183 Agent Service Market on May 7th. Overall, crypto futures trading volume climbed 14% in the last 24 hours, reaching $220 billion.
Bitcoin’s 200-day average caps the session
Bitcoin traded around $80,592 on Friday, staying below its 200-day moving average of about $82,228. While a Senate committee’s approval of a new crypto bill briefly boosted its price above $82,000, that progress was erased by concerns about rising inflation and the expiration of $2.6 billion in options contracts.
According to crypto.news, Flare is making significant changes to its token system with a plan called FIP.16. These changes reduce the annual creation of new FLR tokens by 40%, down to 3%, and introduce a system to capture revenue from network activity and link it to the value of the FLR token. This new structure could make FLR a good investment even if the overall crypto market isn’t doing well.
As crypto.news previously observed with a similar price increase for FLR in April 2025, improvements that make it easier to move XRP into the Flare network have often led to a lasting rise in trading activity shortly after the update.
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2026-05-15 22:31