Axelar-issued wrapped SOL goes live on XRP Ledger DEX

Axelar-issued wrapped SOL is now available on the XRP Ledger DEX, giving users access to Solana trading on XRPL venues including XPMarket, First Ledger and Magnetic, as well as through Xaman Wallet's swap interface. Hussein Zangana, known as Vet, warned that Axelar is currently the only legitimate issuer of wrapped SOL on XRPL and urged users to verify the issuer address because XRP Ledger assets are identified by both currency code and issuer account. Official XRPL EVM documentation lists Axelar's XRPL mainnet gateway address as rfmS3zqrQrka8wVyhXifEeyTwe8AMz2Yhw, the same account XRPScan labels as Axelar Bridge and records in SOL-related activity including an Aug. 14 OfferCreate transaction. The launch follows Axelar's June 3 Solana mainnet integration, which enabled cross-chain messaging and asset transfers between Solana and more than 70 ecosystems including XRP Ledger, Ethereum, Stellar, Sui and Hedera. The rollout also adds to growing links between the two ecosystems after wrapped XRP expanded onto Solana through Hex Trust and LayerZero. The asset trading on XRPL is a cross-chain representation rather than native SOL, leaving liquidity growth and wider adoption as the next points to watch.

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