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I noticed that XRP is making quite a bit of noise right now on Solana. Apparently, the wrapped version of the token has just been launched there, and it's creating a lot of activity. The price has climbed to around $1.45 this week with a strong momentum, and people seem really interested in this new utility.
What’s interesting is that over 834,000 XRP tokens have already been converted into wrapped crypto on Solana. Hex Trust manages this conversion, and it really opens doors for XRP in the DeFi ecosystem. Previously, XRP was mostly limited to its own network, but now it can operate within Solana’s DeFi protocols and even on EVM-compatible chains. It’s a real change.
About $1.2 million worth of wrapped tokens isn’t huge for now, but it shows that demand is there. People want to use XRP in DeFi, and now it’s possible. We’ll see if it continues to rise or if it’s just a short-term spike.