Hex Trust Wrapped XRP
wxrp
#383Hex Trust Wrapped XRP
Hex Trust Wrapped XRP
wxrp#383
Mcap$62.67M$1.262.34%
wxrp Metrics
Spot Volume (24H)
$287.83K-59.12%
Marketcap
$62.67M
FDV
$62.67M
Mindshare
Very Low
Circ. Supply
50.0M
Max Supply
-
Mcap/FDV
100%
Total Supply
50.0M
Sector Ranking
-
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wxrp Performance
All Time High
$2.30-45.20%
Sep 06, 2026
Cycle Low
$1.22+3.58%
Oct 30, 2026
Trending
wxrp Metrics
Spot Volume (24H)
$287.83K-59.12%
Marketcap
$62.67M
Mindshare
Very Low
Last Updated: Oct-29-2026 10:12 UTC
Hex Trust Wrapped XRP (wXRP) Project Update
Currently Interesting
There were no significant developments for Hex Trust Wrapped XRP in the past 7 days.
Get Caught Up
Solana Integration Expands wXRP's Reach (August 2026)
Solana (SOL) became accessible on the XRP Ledger's decentralized exchange, with Wrapped SOL issued by Axelar forming the backbone of the integration, allowing users to acquire and swap SOL through XRPL-based platforms like XPMarket, First Ledger, Magnetic, and the Xaman Wallet 1. This development marks a new phase in interoperability between major blockchains and follows Hex Trust's April issuance of Wrapped XRP (wXRP) on Solana, which expanded XRP's DeFi reach across Solana, Optimism, Ethereum, and HyperEVM alongside Ripple's RLUSD stablecoin 1. A "wrapped" token is a representation of an asset from one blockchain that can be used on another, typically backed 1:1 by the original asset held in custody.
Coreum Bridge Exploit Highlights Cross-Chain Risks (August 2026)
A cyberattack on the Coreum cross-chain bridge resulted in the loss of approximately 200,000 XRP over a 97-minute window, with the bridge suspended as investigations continue 2. The root cause was traced to the bridge's own deposit-verification processes rather than any XRP Ledger vulnerability, as relayer operators failed to confirm that funds were actually sent to the bridge's wallet address, allowing fake deposits to be credited 2. This incident underscores the custodial and bridge risks inherent in wrapped-asset models, a category that includes Hex Trust's wXRP, which relies on centralized intermediaries for custody 3.
Institutional XRP DeFi Access Broadens (August 2026)
XRP holders gained the ability to borrow Ripple's RLUSD stablecoin on Ethereum by posting wrapped XRP (FXRP) as collateral in a new isolated FXRP/RLUSD market on Morpho Blue, managed by Sentora 4. FXRP was approved after Sentora reviewed its market behavior, oracle design, liquidity, and liquidation capacity under an institutional risk framework 4. This arrangement enables borrowers to access liquidity against their XRP exposure without selling the token, reflecting the broader trend of institutional-grade, yield-generating products for XRP holders 54.
Biggest Stories of 2025
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Hex Trust launched wXRP across Ethereum, Solana, Optimism, and HyperEVM with $100 million in initial liquidity, positioning it as a pair for Ripple's RLUSD stablecoin and providing a regulated alternative to third-party bridges 36. This launch marked the project's foundational milestone, establishing wXRP as a 1:1-backed representation of XRP held in segregated, insured, and KYC/AML-compliant custody 6. (December 12, 2025)
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Solana hosted wXRP amid discussion of unlocking XRP's DeFi future, with commentary noting that Solana's 24-hour DEX volume of $3.9 billion was approximately 575 times greater than XRPL's $6.78 million, highlighting the liquidity advantages of expanding XRP into deeper on-chain venues 7. This framing positioned the launch as a solution to XRPL's DeFi limitations, evidenced by its $69 million Total Value Locked compared to Solana's $17 billion 7. (December 14, 2025)
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Analysis warned of custodial and bridge risks associated with the proliferation of wrapped XRP formats, noting that bridges accounted for over $1.5 billion of the $3.1 billion stolen from crypto services in the first half of 2025 3. The report also highlighted fragmentation risk, with separate infrastructure for Hex Trust's wXRP, Coinbase's cbXRP, and Axelar's eXRP potentially creating arbitrage gaps and user confusion 3. (December 15, 2025)
News 7
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