Details about Wrapped XRP cryptocurrency
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https://wrapped.com/
@wrappedfi
Wrapped XRP price charts
WXRP exchanges
Wrapped XRP, the crypto
Wrapped XRP (WXRP) is a tokenized version of XRP, the native cryptocurrency of the Ripple network. It is an ERC-20 token that is backed 1:1 by XRP, wrapped and kept in a custodial wallet. Essentially, WXRP is a way to utilize XRP on the Ethereum blockchain.
The point
The main point of Wrapped XRP (WXRP) is to allow XRP holders to access decentralized finance (DeFi) applications and services, which are primarily built on the Ethereum blockchain. By wrapping XRP into an ERC-20 token, users can trade or use XRP on decentralized exchanges (DEXs) and lending platforms, among other things.
The problem
One of the problems that Wrapped XRP (WXRP) addresses is the lack of interoperability between different blockchain networks. With WXRP, XRP holders can now use their tokens on DeFi platforms that are otherwise only compatible with Ethereum-based tokens. In this way, WXRP helps to bridge the gap between the XRP and Ethereum ecosystems.
Compare WXRP and BTC performance
| Timeframe | WXRP | BTC |
|---|---|---|
| 1h change | -0.734986 % | 0.109009 % |
| 24h change | 10.04 % | 2.18406 % |
| 7 day change | -14.02 % | -5.76209 % |
| 14 day change | -10.51 % | -3.00974 % |
| 30 day change | -11.32 % | 1.6345 % |
| 200 day change | -3.05 % | 125.613 % |
| Year change | -3.55 % | 125.789 % |