Wrapped XRP Goes Live on Solana, Unlocking DeFi Access for Millions of Holders

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The Solana ecosystem has officially integrated Wrapped XRP (wXRP), enabling holders of the XRP Ledger’s native asset to access decentralized finance (DeFi) opportunities without selling their XRP. Solana confirmed the development on Friday, citing collaboration with Hex Trust and the LayerZero interoperability protocol.

XRP is a digital asset native to the XRP Ledger, a decentralized public blockchain designed for fast, low-cost transactions. wXRP is live on Solana via Hex Trust and LayerZero, with users directed to verify the token address through Solana’s token resources.

How the integration works

Solana said the implementation is possible through its interoperability setup with Hex Trust and LayerZero. The integration is designed to broaden the utility of XRP, which has historically been associated with institutional payments, into more DeFi-oriented use cases.

Hex Trust stated that each wXRP is backed 1:1 by native XRP in segregated and regulated custody.

DeFi access on Solana

The arrival of wXRP on Solana is positioned as an interoperability milestone, connecting a major crypto asset with a network known for high speed and low fees across DeFi, NFTs, and gaming. With wXRP now available, users can use their XRP to provide liquidity, trade, and earn yields on Solana platforms including Jupiter Exchange, Meteora, and Titan Exchange.

Market reaction and broader plans

The integration comes as demand grows among both institutional and retail users for XRP to be used in cross-chain applications. Solana noted that wXRP is already operational on Solana and referenced future plans for additional networks, including Optimism, Ethereum, and HyperEVM.

Following the announcement, the market reacted positively. XRP rose by more than 3% on Friday, as users began exploring new yield opportunities on Solana.