Hex Trust announces a partnership with LayerZero to launch Wrapped XRP (wXRP), pioneering on the Solana network. This move marks a significant step forward for the XRP ecosystem in cross-chain DeFi, laying the foundation for cross-chain asset support, liquidity expansion, and more diverse decentralized application scenarios.
wXRP is a wrapped token supported 1:1 by native XRP, with custody handled by regulated Hex Trust. authorized merchants can mint and redeem wXRP within a compliant environment, maintaining a peg to the native XRP. In the initial launch phase, the total value locked (TVL) of wXRP will exceed $100 million, providing a solid liquidity base for DeFi trading and liquidity markets.
Functionally, wXRP will support cross-chain asset interoperability, enabling users to participate in swaps, liquidity provision, yield farming, and other DeFi activities across networks such as Solana, Ethereum, Optimism, HyperEVM, and more. Additionally, wXRP will create synergy with Ripple’s ongoing stablecoin RLUSD, further driving growth in multi-chain DeFi applications.
Hex Trust notes that both wXRP and RLUSD are built on regulated, auditable infrastructure, ensuring that institutional and individual users can securely access cross-chain asset management tools with AML protections, insurance, and transparent audits. The issuance of wXRP follows a burn-and-mint mechanism to ensure the supply is fully collateralized by the held native XRP.
Technically, wXRP adopts LayerZero’s OFT cross-chain standard, enabling seamless communication between multiple chains and allowing projects to leverage broader ecosystem liquidity and asset pathways. RippleX also stated that wXRP will become a key component of XRPL’s cross-chain expansion, complementing the recent XRPL v3.0.0 upgrade.
Following this announcement, XRP’s price increased by over 2% in the past 24 hours, reaching a high of $2.05, while Solana (SOL) rebounded over 6% from lows. Despite relatively low market trading volume, overall sentiment has turned more positive.
The launch of wXRP on Solana not only enhances XRP’s cross-chain capabilities but also provides a new liquidity gateway for the broader multi-chain DeFi ecosystem, potentially extending XRP’s application scope and value in the crypto market of 2025. (CoinGape)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Trading Volume Surges to $1.81B in Single Session, Holds Above $1.43
XRP trading volume reached $1.81 billion, driven by futures at $1.47 billion and spot trading at $341 million. Currently priced at $1.43, XRP is above the 200-day EMA, signaling bullish momentum and increased market participation.
GateNews3h ago
Exodus Wallet Adds Native XRP Ledger Integration and RLUSD Support
Exodus Wallet has integrated native XRP Ledger features, allowing users to manage XRP and Ripple's RLUSD stablecoin directly within the app. This upgrade enhances self-custody options and supports the growing market for RLUSD, which has recently been adopted as futures collateral.
CryptoFrontier3h ago
XRP Consolidation Signals Reset as Bullish Setup Emerges
XRP has recently rebounded to $1.39 after trading between $1.20 and $1.40 due to improved market sentiment. A significant drop in futures open interest reflects reduced speculation, while technical indicators suggest a potential bullish breakout, targeting $1.50 and possibly $1.80.
CryptoNewsLand4h ago
XRP Eyes Breakout as US Congress Revisits CLARITY Act
Key Insights:
XRP price faces a decisive week as the US Congress debates the CLARITY Act, with legislative progress likely to influence short-term market direction significantly.
Technical indicators highlight a potential breakout above $1.36, while mixed momentum signals suggest
CryptoNewsLand5h ago
Exodus Wallet Expands XRP Ledger Support Through Ripple Partnership, Adds RLUSD
Exodus Movement announced a partnership with Ripple to enhance support for the XRP Ledger in its crypto wallet, allowing users to manage Ripple USD and send XRP assets seamlessly.
GateNews7h ago
