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Solana (SOL) now tradable on XRP Ledger's DEX via Axelar's wrapped SOL, boosting blockchain interoperability.

Market News
16 Aug 2026
Crypto news
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Bullish
Solana (SOL) now tradable on XRP Ledger's DEX via Axelar's wrapped SOL, boosting blockchain interoperability.

Solana's token (SOL) is now accessible for trading on the XRP Ledger's native decentralized exchange through a wrapped SOL asset issued by Axelar. This development enhances interoperability between the Solana and XRP Ledger ecosystems, allowing users to trade SOL via multiple interfaces like XPMarket and First Ledger. XRPL Foundation director Hussein Zangana emphasized that Axelar is currently the only legitimate issuer of wrapped SOL on XRPL, warning users to beware of fake tokens. The wrapped SOL on XRPL is a cross-chain representation and not native SOL, meaning users should verify the issuer address before trading. This launch builds on Axelar's earlier integration of Solana with its interoperability network, enabling cross-chain transfers and messaging between Solana and over 70 other blockchain ecosystems.

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