Wrapped XRP on Ethereum Soars to Record High Amid DeFi and Cross-Chain Boom
Main Idea
Wrapped XRP (WXRP) on Ethereum has surpassed $60 million in market cap, driven by rising DeFi demand and cross-chain integration, reflecting XRP's bullish performance and growing utility.
Key Points
1. Wrapped XRP (WXRP) on Ethereum has exceeded $60 million in market cap, backed 1:1 by XRP in custody.
2. Rising DeFi demand for wrapped tokens is a key driver, enabling users to lend, borrow, or provide liquidity on Ethereum-based protocols.
3. WXRP serves as a bridge between the XRP Ledger and Ethereum, facilitating cross-chain integration and utility.
4. XRP has seen significant gains, with a 552% year-on-year increase since July 2024 and 49% year-to-date through late July 2025.
5. Analysts note XRP's bullish trend, with potential for further price increases if key support levels hold.
Description
Delving Deeper into Wrapped XRP on Ethereum Wrapped XRP on Ethereum has soared past $60 million in market cap, marking a new all-time high and highlighting surging demand for cross-chain utility and DeFi integration. WXRP, backed 1:1 by XRP in custody, gives holders seamless access to Ethereum’s DeFi ecosystem. What’s Driving the Uptick? Rising DeFi demand for wrapped tokens is key, as users increasingly leverage WXRP to lend, borrow, or provide liquidity on Ethereum-based protocols. Serving as ...
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