Wrapped XRP Launches on Solana, Expanding DeFi Use Cases

Odaily News: The cross-chain version of XRP, wXRP, has launched on Solana, enabling holders to participate in the DeFi ecosystem without selling their assets.

wXRP is custodied by Hex Trust and achieves cross-chain functionality via LayerZero. It is pegged 1:1 to native XRP and can be redeemed at any time.

The asset has been integrated into multiple Solana applications, including Titan, Jupiter, Meteora, and the Phantom wallet, supporting functions such as trading, liquidity provision, and yield generation.

This move signifies that XRP, which was originally more focused on payment scenarios, is now further integrating into the DeFi system, expanding its application space in cross-chain and on-chain finance.