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Wrapped XRP

Wrapped XRP

WXRP
#1919
$1.3556Down 4.46 percent($0.06)

Key Stats

Volume (24h)$13.44K
Max Supply∞
Launch Date2020-11-25
Built OnETH
Token StandardERC20
Smart Contract Address0x39fB…e1B9
Decimal Places18

Wrapped XRP Information

Websites
wrapped.com
Industries
Wrapped Collateral
Parent Asset
XRP

Wrapped XRP Price Converter

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
WXRPERC20ETH0x39fBBABf11738317a448031930706cd3e612e1B92020-11-25

About Wrapped XRP

Wrapped XRP (WXRP) is an Ethereum-based token that represents XRP in a 1:1 ratio, allowing XRP holders to engage with Ethereum's DeFi ecosystem. This wrapped asset, created by Wrapped.com in partnership with Hex Trust, facilitates the use of XRP in various DeFi applications on Ethereum.

Frequently Asked Questions

Wrapped XRP (WXRP) is a tokenized version of XRP, the native digital asset of the XRP Ledger. WXRP is built on the Ethereum blockchain, allowing XRP holders to use their assets within the Ethereum ecosystem. Each WXRP token is backed 1:1 with XRP, meaning that for every WXRP in circulation, there is an equivalent amount of XRP held in reserve​.

Wrapped XRP (WXRP) is used to enable XRP holders to participate in the Ethereum DeFi (Decentralized Finance) ecosystem. By converting XRP into WXRP, users can access various DeFi applications, such as decentralised exchanges (DEXs), lending platforms, and liquidity pools on Ethereum. This integration expands the utility of XRP beyond the XRP Ledger and allows it to interact with Ethereum-based smart contracts​.