Ripple has announced the integration of wrapped XRP into the Solana ecosystem, expanding its utility in decentralized finance (DeFi) platforms. The announcement was made by RippleX's Luke Judges at the Solana Breakpoint event in Abu Dhabi. This integration, facilitated by Hex Trust and LayerZero, allows XRP to be utilized on Solana's DeFi platforms, including decentralized exchanges (DEXs), lending protocols, and yield farms.
Wrapped XRP will maintain a 1:1 peg with native XRP, with Hex Trust managing custody and LayerZero enabling cross-chain transfers. This strategic move is designed to enhance XRP's presence within Solana's ecosystem and improve liquidity across different blockchain networks.
Ripple Integrates Wrapped XRP into Solana DeFi Ecosystem
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