The Ripple-associated cryptocurrency XRP is now available for use on Solana, enabling both individual and institutional users to access the token on the layer-1 blockchain via a wrapped version issued by Hex Trust.
Announced in December, this initiative extends XRP’s utility beyond its native ledger into areas like market-making and decentralized finance (DeFi) on Solana. Already, over 834,000 XRP—worth approximately $1.2 million—has been wrapped and activated on the platform.
BREAKING: XRP is now live on Solanahttps://t.co/pWiljVfc6mpic.twitter.com/QZbwd6qEN4
Solana (@solana) April 17, 2026
Authorized users can send native XRP to Hex Trust’s regulated custody services. The company then mints wXRP tokens on Solana or supported Ethereum Virtual Machine (EVM) blockchains such as Ethereum mainnet, Optimism, and HyperEVM. Institutions interested in accessing the project can register for early feature access via Hex Trust.
The 1:1 backed wXRP is usable within DeFi protocols on these chains, which boast more developed DeFi ecosystems than the native XRP Ledger. Data from DeFiLlama indicates that Ethereum and Solana rank first and second in DeFi total-value-locked (TVL) with $57.2 billion and $6.08 billion, respectively, while XRP Ledger ranks 41st at just $51.46 million.
Ripple’s Senior Vice President Marcus Infanger expressed enthusiasm about the growing demand for using XRP across broader crypto ecosystems, noting Hex Trust’s initiative as a response to this need when it was launched in December.
With wXRP now available on Solana, users can leverage this integration. Besides the $1.2 million worth of wXRP on Solana, 50 million tokens—around $74.5 million worth—have been minted on Ethereum. Almost all these tokens have remained within a single Ethereum wallet since early November, prior to the announcement.
According to Etherscan, less than 60 transactions involving the wrapped token have occurred. A Hex Trust representative did not immediately respond to Decrypt’s request for comment. XRP has seen about a 2% increase in value over the past 24 hours, trading recently at $1.49, which is still 59% below its all-time high of $3.65 reached last July.