In a game-changing move for interoperability, wrapped XRP (wXRP) has gone live on major blockchains including Solana, Ethereum, Optimism, and HyperEVM. Issued and custodied by Hex Trust with 1:1 backing, wXRP starts with $100 million in liquidity, allowing seamless use in DeFi protocols without risky bridges.
Ripple executives highlighted growing institutional demand to access XRP across ecosystems. At Solana’s Breakpoint event, Ripple’s Luke Judges explained the vision: Phantom wallet’s 20M+ users can now trade XRP in Solana DEXes, lending markets, and perps. wXRP pairs naturally with Ripple’s RLUSD stablecoin on supported chains.
This expansion bridges XRP Ledger’s compliance strengths with Solana’s speed/low fees and Ethereum’s vast DeFi liquidity. Analysts see it unlocking new utility for XRP holders, potentially boosting adoption in emerging markets like Africa.
XRP price holds steady around $2, with ETFs seeing consistent inflows ($20M+ recently). As cross-chain innovation accelerates, this could position XRP as a key player in the next DeFi wave.
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