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Solana has confirmed that wrapped XRP [wXRP] is now live on its network, enabling XRP holders to access decentralized finance (DeFi) applications beyond the XRP Ledger for the first time.
The rollout, facilitated by Hex Trust and LayerZero, enables XRP to be used within Solana’s DeFi ecosystem while remaining 1:1 backed by the native asset.
According to the announcement, wXRP allows users to bridge XRP onto Solana and interact with DeFi protocols. This includes lending, trading, and liquidity provision.
The development represents a shift for XRP, which has historically been used primarily for payments and transfers on the XRP Ledger, with limited exposure to broader DeFi activity. By introducing a wrapped version on Solana, XRP holders can deploy capital across a wider range of on-chain applications without converting their holdings into other assets.
The integration reflects a broader trend in crypto markets in which assets are increasingly moved across chains to access different ecosystems and potential yield opportunities.
Solana, positioned as a hub for high-speed, low-cost DeFi activity, could benefit from additional liquidity as XRP enters its ecosystem. The use of institutional custody and cross-chain infrastructure is also intended to address security concerns often associated with wrapped assets.
While long-term adoption will depend on user uptake and liquidity depth, the launch signals continued efforts to reduce fragmentation across blockchain networks.
XRP has shown signs of recovery in recent sessions, trading around $1.47 at the time of writing after rebounding from earlier lows. Momentum indicators suggest strengthening demand, with the Relative Strength Index trending toward the upper range without entering overbought territory.
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