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Altcoins

Solana launches on XRP Ledger DEX, Axelar confirmed as sole Wrapped SOL issuer

Solana (SOL) can now be accessed and traded on the XRP Ledger’s decentralized exchange, as confirmed by Hussein Zangana, director of community at the XRP Ledger Foundation. Zangana shared thi

AnonymousCryptoCompass newsroom
August 15, 2026
3 min read
NEWS
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Solana (SOL) can now be accessed and traded on the XRP Ledger’s decentralized exchange, as confirmed by Hussein Zangana, director of community at the XRP Ledger Foundation. Zangana shared this update, highlighting a new phase of interoperability between major blockchain networks. The Wrapped SOL token, issued by Axelar, forms the backbone of this integration.

Expanded cross-chain access

The XRP Ledger’s native decentralized exchange, or DEX, now allows users to acquire and swap Solana through several XRPL-based platforms, including XPMarket, First Ledger, and Magnetic. Holders can also swap SOL directly in the Xaman Wallet using the integrated Swap widget.

This advancement follows the recent rise of cross-chain bridges since 2025, as blockchain developers explore new ways to boost asset portability across multiple ecosystems. The integration of Solana into the XRPL environment signals a wider industry trend, with previous milestones including the launch of XRP on Solana earlier this year.

Previous steps with wXRP

In April, Hex Trust issued Wrapped XRP (wXRP) on Solana, enhancing the token’s reach into decentralized finance applications like Jupiter, Phantom, Titan Exchange, and Meteora. Through Solana, Optimism, Ethereum, and HyperEVM, wXRP can be traded with RLUSD and accessed across multiple blockchains.

The recent addition of Solana to the XRPL DEX marks a significant step in cross-chain interoperability. As traditional markets have long relied on complex brokers, a notable shift toward Web3 is underway. Platforms such as 1stepSwap now enable investors to hold shares of leading US companies, gold, and silver directly in their crypto wallets. By tokenizing real-world assets and finding the best prices instantly, these services remove intermediaries from the trading process.

Fraud concerns and verification steps

Alongside the announcement, Zangana urged the XRP community to be cautious about token authenticity. Currently, Axelar stands as the only legitimate issuer of Wrapped SOL on the XRPL. He advised users to verify the token’s authenticity before trading, emphasizing the risk posed by fake tokens that could emerge as the new integration gains traction.

Supporting platforms, including XPMarket, First Ledger, Magnetic, and Xaman Wallet, have implemented a checkmark system for Wrapped SOL. This verification, visible on tools like XRPScan, displays Axelar Bridge as the issuer and includes a checkmark to signal authenticity.

The presence of Axelar Bridge with a checkmark lets users easily identify the authentic Wrapped SOL token on the XRPL, preventing confusion with counterfeit tokens that lack this verification.

Experts stress that users should not rely solely on token names or tickers. A careful check of the issuer address, cross-referenced with reputable sources, is strongly recommended before making any transactions. This extra diligence aims to reduce the threat of falling victim to imposter tokens.

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