Solana becomes tradable on XRP Ledger via Axelar

Solana (SOL) is now available on the XRP Ledger (XRPL) decentralized exchange through Axelar’s cross-chain infrastructure. This integration allows SOL to be traded as a wrapped asset on the XRPL, providing cross-chain liquidity and native settlement between the two blockchain ecosystems.

Users can access the wrapped SOL via various interfaces, including XPMarket, First Ledger, Magnetic, and the Xaman wallet swap interface. These platforms utilize the XRPL’s native exchange infrastructure rather than maintaining separate order books.

Hussein Zangana, a director at the XRPL Foundation, has issued a warning to traders regarding the legitimacy of wrapped assets. He noted that Axelar is currently the only legitimate issuer of wrapped SOL on the XRPL, advising users to verify issuer account addresses to avoid copycat assets, as XRPL tokens are identified by both currency code and issuer account.