Coinspeaker
Apr 20, 2026 upd. 7 Jun
6 1

Wrapped XRP goes live on Solana, bringing XRP into DeFi

1 min

wXRP goes live on Solana; XRP holders can tap Solana DeFi without selling.

RippleX announced the launch of wrapped XRP on Solana, enabled by Hex Trust and LayerZero. RippleX on X.

The bridge uses Hex Trust custody and LayerZero messaging. Source: Coinspeaker.

Mechanics: users deposit native XRP with Hex Trust. A 1:1 amount of wXRP mints on Solana. Redeem burns wXRP and releases XRP. Design mirrors wrapped Bitcoin on Ethereum. Source: Coinspeaker.

Where it trades and plugs in:
- Jupiter, Phantom, Titan Exchange, Meteora
- AMM LPs
- Lending and borrowing collateral
Source: Coinspeaker.

This lets XRP holders earn yield without rotating out of XRP. Source: Coinspeaker.

Context: XRP sits about 59% below its ATH. Solana’s ecosystem faces headwinds. Source: Coinspeaker.

Analysts frame the launch as a “structural flow test.” Will liquidity actually migrate, or will social activity outpace volume? Early on-chain reads look measured. Source: Coinspeaker.