Solana has become available on the XRP Ledger’s native decentralized exchange through an Axelar-issued wrapped SOL asset, deepening cross-chain interoperability between the two ecosystems. The trading rollout was confirmed by Axelar and highlighted by XRP Ledger Foundation Director of Community Hussein Zangana, known as Vet, who warned that Axelar is currently “the only legitimate issuer” of wrapped SOL on XRPL.
Users can access the Axelar-issued SOL representation through XRPL-based interfaces including XPMarket, First Ledger, and Magnetic. Xaman Wallet also offers direct access through its swap widget. These platforms connect into XRPL’s native exchange infrastructure rather than operating separate order books for each front end. On-chain data shows SOL-related activity involving the Axelar gateway, and XRPScan identifies rfmS3zqrQrka8wVyhXifEeyTwe8AMz2Yhw as the Axelar Bridge account. Official XRPL EVM documentation independently lists the same address as Axelar’s XRPL mainnet gateway.
Zangana emphasized that tokens on the XRP Ledger are identified by both currency code and issuer account, not by a ticker alone. Fake assets can copy familiar names and symbols while using different issuer accounts. He urged traders to verify the issuer address before creating a trust line or executing a trade. Several platforms, including XPMarket, First Ledger, Magnetic, and Xaman Wallet, have added checkmarks to help users identify the legitimate wrapped SOL asset.
The integration builds on Axelar’s June 3 connection of Solana mainnet, which enabled cross-chain messaging and asset transfers between Solana and more than 70 supported ecosystems, including XRP Ledger, Ethereum, Stellar, Sui, and Hedera. Previously, XRP entered the Solana ecosystem through Hex Trust and LayerZero-issued wXRP, expanding access to Solana-based wallets and DeFi applications such as Jupiter, Phantom, Titan Exchange, and Meteora. The new SOL integration extends that relationship in the opposite direction by bringing Solana liquidity onto XRPL’s native DEX.
The immediate focus is whether liquidity and user adoption deepen beyond the initial launch. XPMarket already lists a SOL/XRP market under the Axelar Bridge issuer, while Axelar’s broader Solana integration allows developers to build additional cross-chain applications between the two ecosystems. No separate native SOL exists on the XRP Ledger; the traded asset is a cross-chain representation tied to Axelar infrastructure, making issuer verification essential for users.
