Key Highlights
- Solana said XRP is now live on Solana through wXRP, a wrapped version of XRP built for cross-chain use.
- wXRP is issued and custodied by Hex Trust, with LayerZero providing the cross-chain infrastructure.
- Solana said the asset is available across apps, including Phantom, Jupiter, Meteora, Titan Exchange, and Byreal.
Solana, an open source blockchain, has confirmed that XRP is now live on its network through wXRP, bringing one of crypto’s largest payment-focused assets into the Solana DeFi ecosystem.
In a post on X, Solana announced, “BREAKING: XRP is live on Solana,” alongside a short video featuring Solana, Ripple, Hex Trust, and LayerZero branding. The post was followed by another update clarifying that XRP remains the native digital asset of the XRP Ledger, while wXRP is now available on Solana through Hex Trust and LayerZero Core.
The integration does not mean native XRP has moved away from the XRP Ledger. Instead, users on Solana will be interacting with wXRP, a wrapped version of XRP designed to represent the asset on other blockchain networks.
XRP comes to Solana via wXRP
According to Solana’s follow-up post, wXRP can be verified through Tokens.xyz and is now available across several Solana-based applications, including Titan Exchange, Byreal, Phantom, Jupiter Exchange, and Meteora.
Hex Trust previously said wXRP is a 1:1-backed wrapped asset, with the underlying XRP held in its regulated custody. The wrapped token is designed to let XRP holders access swaps, liquidity pools, lending, collateral use, and other DeFi services on supported chains.
LayerZero’s role is to support the cross-chain infrastructure behind wXRP, allowing the asset to operate beyond the XRP Ledger while maintaining its link to native XRP.
Why this matters for XRP and Solana
The launch gives XRP a larger role in Solana’s DeFi market, where users can now trade or use a wrapped version of XRP across supported apps. For Solana, it adds another major crypto asset to its ecosystem at a time when networks are competing to attract liquidity from outside their native communities.
The move also expands XRP’s use case beyond payments and settlement. While XRP has long been associated with fast and low-cost transactions on the XRP Ledger, wXRP gives the asset exposure to DeFi activity on Solana, including trading and liquidity provisioning.
However, the key distinction is that this is not native XRP on Solana. It is a wrapped version backed by XRP held with Hex Trust. That makes custody, redemption, and proof of backing important parts of the structure.
More chains could follow
Hex Trust’s earlier announcement said wXRP was designed for multiple supported blockchains, starting with Solana, Optimism, Ethereum, and HyperEVM. The latest Solana announcement signals that the asset is now being pushed into live app-level usage on Solana, rather than remaining only a cross-chain infrastructure product.
For XRP holders, the development opens a new route into Solana DeFi. For Solana apps, it adds a new asset with an existing global holder base and deep market liquidity.
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