Solana Arrives on XRP Ledger DEX With One Key Warning for Users

Solana ($SOL) is now available on the $XRP Ledger DEX, Hussein Zangana (Vet), $XRP Ledger Foundation director of community, revealed in a recent post. Wrapped and issued by Axelar, this move connects Solana and the $XRP Ledger.

As the $XRP DEX is native, users will be able to access Solana on $XRP Ledger-based platforms. They can swap $SOL on the XRPL DEX through the XPMarket, First Ledger, and Magnetic platforms. They can also access $SOL directly within Xaman Wallet through the Swap widget.

The move follows a trend that has increased since 2025 and continues in 2026, opening up new paths for several assets to move across chains, with $XRP having gone live on Solana earlier.

Wrapped $XRP (wXRP), issued by Hex Trust, went live on Solana in April, making the token available for the first time through Solana's DeFi apps (Jupiter, Phantom, Titan Exchange, and Meteora). wXRP, which is tradable with RLUSD, can be used on supported blockchains, including Solana, Optimism, Ethereum, and HyperEVM.

Warning issued

With a new interoperability milestone unlocked with Solana now available on the XRPL DEX, Vet issued a crucial warning to the $XRP community. He noted that currently Axelar is the only legitimate issuer of Wrapped $SOL, urging XRPL users to beware of fake tokens.

Vet added that platforms that support Wrapped $SOL on the XRPL, including XPMarket, First Ledger, Magnetic, and Xaman Wallet, have given the token a checkmark to make it easier to identify. He shared a screenshot from XRPScan to explain what he meant.

As seen in the screenshot, the account name or the issuer is listed as Axelar Bridge with a checkmark. This will enable users to differentiate the original issuer from fake ones, which are those without a checkmark.

However, users should not rely only on the token name or the ticker. They should verify the issuer address and cross-check with reliable sources before trading.