Coinbase Wrapped XRP
cbXRP
#211Coinbase Wrapped XRP
Coinbase Wrapped XRP
CeFi · Centralized IssuercbXRP#211
Mcap$186M$1.243.55%
cbXRP Metrics
Spot Volume (24H)
$3.84M+950.99%
Marketcap
$186M
FDV
$188M
Mindshare
Very Low
Circ. Supply
151.4M
Max Supply
-
Mcap/FDV
98.89%
Total Supply
151.4M
Sector Ranking
#21
About & Links
About & Links
Coinbase Wrapped XRP is a tokenized version of XRP, the native cryptocurrency of the XRP Ledger. cbXRP runs on the Base blockchain, allowing XRP holders to participate in Coinbase's decentralized finance (DeFi) ecosystem.
Sector Rank
#21
Sub-Sector Rank
#6
Contracts
API ID
cbXRP Performance
All Time High
$3.66-66.04%
Jul 18, 2025
Cycle Low
$0.952+30.61%
Jun 25, 2026
Trending
cbXRP Metrics
Spot Volume (24H)
$3.84M+950.99%
Marketcap
$186M
Mindshare
Very Low
Last Updated: Oct-29-2026 11:41 UTC
Coinbase Wrapped XRP (cbXRP) Project Update
Get Caught Up
Chainlink CCIP Selected as Exclusive Bridge for Coinbase Wrapped Assets
Coinbase selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the exclusive bridging solution for all of its wrapped assets, including cbXRP, which together hold a combined value of approximately $7 billion 1. CCIP is a cross-chain messaging protocol powered by Chainlink's oracle networks that allows assets to move between blockchains; this matters because it positions cbXRP for easier deployment onto new chains beyond Base 1. The integration builds on Base's prior use of CCIP for its Solana bridge, signaling a broader interoperability strategy for Coinbase's wrapped-asset suite 1.
XRP Interoperability Push Extends to Solana
At Breakpoint 2025, Ripple Labs' Luke Judges discussed efforts by Hex Trust and LayerZero to issue XRP and wrapped XRP onto the Solana blockchain, targeting new users, DeFi primitives, and complementary market depth . This matters for cbXRP because it reflects a wider industry trend of distributing XRP across multiple chains to expand its utility beyond the native XRP Ledger, which Ripple has described as breaking out of its decade-long status as an "island" . The strategy aims to embed XRP into lending, yield generation, and other DeFi applications across ecosystems .
XRP Ledger Infrastructure Upgrades
The XRP Ledger Server v3.0.0 was released on December 9, 2025, introducing changes such as DynamicMPT support (XLS-94d), a new STInt32 data type, and various code refactors 3. Separately, the XRP community approved the
fixDirectoryLimit amendment, which removes the directory page limit on the ledger 4. These upgrades matter because a more capable and scalable XRP Ledger improves the underlying infrastructure that tokenized versions like cbXRP ultimately depend on.Biggest Stories of 2025
- Chainlink CCIP integration: Coinbase named Chainlink's CCIP the exclusive bridging solution for its wrapped assets, including cbXRP, covering a combined value of roughly $7 billion and enabling deployment to new chains 1 (December 11, 2025).
- XRP Ledger Server v3.0.0: A major software release added DynamicMPT support, a new STInt32 type, and multiple code improvements to the XRP Ledger 3 (December 9, 2025).
- XRP Ledger Server v2.6.2: This release added the
fixDirectoryLimitamendment and removed the directory size limit 5 (November 19, 2025). - Moonwell listing (MIP-B43): The Moonwell community passed a proposal to add cbXRP to its Base Core Markets, adopting Gauntlet's risk parameters including a 70% collateral factor, 1 million cbXRP supply cap, and 500,000 cbXRP borrow cap 6 (June 16, 2025).
- cbXRP launch on Base: Coinbase launched wrapped XRP (cbXRP) and wrapped Dogecoin (cbDOGE) on its Base Layer 2 network, backed 1:1 by assets held in custody, with over 2.3 million cbXRP (~$5 million) issued within the first day 78. The tokens were designed to enable cross-chain use of XRP within Base's DeFi ecosystem, and Coinbase signaled plans to expand with cbLTC and cbADA 7 (June 5, 2025).
About & Links
About & Links
Coinbase Wrapped XRP is a tokenized version of XRP, the native cryptocurrency of the XRP Ledger. cbXRP runs on the Base blockchain, allowing XRP holders to participate in Coinbase's decentralized finance (DeFi) ecosystem.
Sector Rank
#21
Sub-Sector Rank
#6
Contracts
API ID