Hex Trust and LayerZero brought wrapped XRP (wXRP) live on Solana with over $100M in initial liquidity, trading across Phantom, Jupiter, Titan, Meteora, and Byreal. The token is backed 1:1 by native XRP held in institutional-grade custody and rides LayerZero's OFT standard to move across chains without legacy bridges. Solana is the first deployment, with Optimism, Ethereum, and HyperEVM queued next — a real step for pulling XRP liquidity into non-XRPL DeFi.

TLDR by @Benthic

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