Can XRP be used on other blockchains like Ethereum and Solana?

The full answer

XRP exists only on the XRP Ledger. What moves to Ethereum, Solana and other networks is a stand-in token: someone locks real XRP and issues a token on the other network that can be swapped back. There are three main forms, and each trusts a different party to hold the XRP.

What is wrapped XRP (wXRP)?

wXRP is Hex Trust’s token. On December 12, 2025 the custodian said it “will issue and custody wrapped XRP (wXRP), a 1:1-backed representation of the native XRP asset”.[1] It said wXRP starts on Solana, Optimism, Ethereum and HyperEVM, moves between them with LayerZero’s token standard, and is burned when XRP is redeemed.[1] A later Hex Trust release said the standard keeps “a single canonical supply across supported chains”.[2]

The launch date needs care. CoinDesk’s December 11, 2025 headline read “XRP Lands on Solana, Ethereum and Others”,[3] but its text and Hex Trust’s release both said wXRP “will launch”.[1][3] Hex Trust added on March 29, 2026 that merchants “can start their onboarding now”.[1] CoinDesk reported that wXRP “went live on Solana on Friday”, April 17, 2026.[4] So December 2025 was the announcement, and CoinDesk reported the Solana launch in April 2026; launch dates on the other chains were not found. Ripple’s own XRP page now describes wXRP across “EVM-based chains and Solana”.[5]

How much wXRP exists on each chain, and how fast is it growing?

The total is public; no split by chain was found as of September 29, 2026. CoinGecko showed 50 million wXRP in circulation on September 29, 2026, with a market value of $76.539 million at a wXRP price of $1.53, and contracts listed on Ethereum, Solana, Optimism and HyperEVM.[6] That wXRP price comes from CoinGecko’s wXRP page, read about an hour after the $1.49 XRP price used below; the two are separate readings, and no conclusion is drawn from the gap. It showed $273,754 of wXRP traded in the previous 24 hours.[6] Hex Trust had said wXRP would launch with more than $100 million of value locked;[1] the September market value is lower than that figure (our comparison, not a measure of growth).

What other wrapped forms of XRP exist?

Two others are larger. Coinbase’s reserve page showed 133,626,250.14 cbXRP on its Base network on September 29, 2026, against 133,628,497.67 XRP it holds.[12] Flare’s FXRP is minted against XRP through Flare’s own system rather than a single custodian.[7] Flare reported about 145.2 million FXRP minted and 130 million of it in DeFi on September 24, 2026, with about 21 million on other chains.[8] Flare says FXRP reaches Ethereum, Base, BNB Smart Chain, Monad, Katana, HyperEVM and HyperCore, “verified by four independent DVNs”.[8] Flare reported on February 5, 2026 that an integration is live for custodian Hex Trust’s institutional clients, supporting the minting and redeeming of FXRP.[9] How FXRP works and how much is used is on what FXRP is.

Ripple said on June 30, 2025 that its XRPL EVM Sidechain is live on mainnet, with XRP brought in “via an Axelar bridge” as the sidechain’s native gas asset.[13] Ripple also announced in June 2025 that Wormhole will let developers move XRP “across more than 35 supported chains”;[14] no usage figure for that route was found.

Is XRP connected to Hyperliquid?

Through wrappers, yes. Flare announced on January 7, 2026 that it had listed FXRP for spot trading on Hyperliquid against USDC,[10] and in February 2026 it named “spot trading via Hyperliquid” among FXRP’s uses.[20] Flare says FXRP also reaches HyperEVM and HyperCore.[8] In the same January 7, 2026 announcement Flare said there was “$250m of XRP open interest on perps with no ability to spot hedge the asset”, and that FXRP on Hyperliquid spot would expand the type of XRP strategies run. Hex Trust lists HyperEVM among wXRP’s first chains.[1] Separately, Ripple announced on February 4, 2026 that Ripple Prime added support for Hyperliquid, giving its institutional clients access to onchain derivatives liquidity.[11]

Does wrapping draw liquidity away from the XRP Ledger or add to it?

Both. XRP locked to back a wrapper is not trading on the ledger while it is locked. By our rough count, about 329 million XRP sat behind cbXRP, wXRP and FXRP in late September 2026, worth about $490 million at CoinGecko’s $1.49 price on September 29.[6][8][12][16] That is more than ten times the $41.6 million that DefiLlama showed in the XRP Ledger’s AMM pools on September 29, 2026 (our comparison of DefiLlama’s figure with the wrapped totals).[15] Our analysis, from Flare’s figures: wrapping also adds uses such as lending and trading, and Flare reported 130 million FXRP at work in DeFi on September 24, 2026.[8] Whether the moved XRP would otherwise have been idle or in ledger pools is not known. Whether wrapped and native XRP get counted twice is on whether XRP holdings are double counted, and how custodied XRP reaches DeFi is on custodied XRP in DeFi.

What can go wrong with wrapped XRP?

The custodian and the bridge. A wrapped token is worth one XRP only while the backing is held and the software that moves it between chains works. On April 18, 2026, attackers took about $292 million from KelpDAO’s LayerZero bridge by feeding false data to “a 1-of-1 DVN setup”, Chainalysis reported.[17] CoinDesk reported that lending apps including Aave froze markets that used the token.[18] That bridge ran on LayerZero, which wXRP and FXRP also use to move between chains, though Flare says FXRP uses four verifiers.[1][8] Chainalysis counted about $2 billion stolen from cross-chain bridges by August 2022, 69% of that year’s thefts to that date.[19] The full list of risks is on the risks of XRP yield and wrapping.