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What is Wrapped XRP?
Wrapped XRP (WXRP) is an Ethereum-compatible, ERC-20 token that is pegged 1:1 with XRP, the native cryptocurrency of the XRP Ledger. XRP Ledger another blockchain that is designed to facilitate fast and cost-effective cross-border payments. It was created in 2012 by developers David Schwartz, Jed McCaleb, and Arthur Britto, who are the founders of Ripple. XRP Ledger is not EVM compatible. The Wrapped XRP, like other wrapped tokens, allows XRP holders to use their tokens on the Ethereum network for trading, staking, and participating in decentralized applications.
Unlike some cryptocurrencies that rely on energy-intensive mining, XRP is pre-mined, with a total supply of 100 billion tokens. Its main use case is to act as a bridge currency for financial institutions, enabling quick and inexpensive transfers between different fiat currencies. For example, a bank in Kyrgyzstan can use XRP to send money to a bank in Mexico without needing to hold Mexican peso in advance. Bridge currencies facilitate exchanges between two other currencies that may not have a direct trading relationship.
Why was Wrapped XRP created?
Wrapped XRP was created to enable XRP to be used on Ethereum, as the two networks are not directly compatible. Wrapping XRP bridges the gap between the XRP Ledger and Ethereum, increasing accessibility, liquidity, and interoperability between the two ecosystems.How does Wrapped XRP work?
Wrapping 1 XRP produces 1 WXRP, which is fully redeemable for one XRP. This process allows XRP holders to convert their tokens into an Ethereum-compatible format and back again when needed.What are the benefits of Wrapped XRP?
Wrapped XRP enhances the Ethereum ecosystem by providing XRP holders access to Ethereum-based decentralized applications, increasing liquidity and interoperability between the two networks.| 今天 (2025年12月11日) | $1.98 | -4.60% |
|---|---|---|
| 24小时前 (2025年12月10日) | $2.08 | -4.60% |
| 1周前 (2025年12月4日) | $2.10 | -5.88% |
| 1个月前 (2025年11月11日) | $2.43 | -18.56% |
| 1年前 (2024年12月11日) | $2.33 | -15.06% |
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