Wrapped XRP (Universal)
UXRP
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
UXRP (Wrapped XRP (Universal)) provides a 1:1 backed wrapped representation of XRP across EVM networks such as Base, Polygon, Arbitrum One, and World Chain, utilizing Coinbase Custody. Three sections—Active Development, Community Support, and Team & Governance—suffered from severe data gaps and ticker contamination (yielding -1.0 scores), and were excluded from the weighted score calculation with their weights redistributed proportionally. Among the evaluable areas, Tokenomics scored 4.5/10, reflecting clean elastic supply mechanics (1.901M tokens, ~$2M market cap) offset by custodial centralization and lack of independent reserve attestations. Market and Use Case scored 3.0/10 due to thin liquidity, minimal adoption, and low trading volume (~$13K daily). Security and Audit History scored 6.0/10, noting protocol audits by Hacken for Universal and no direct exploits or depegs targeting UXRP, though specific audit scores and public reserve proofs remain sparse. No qualifying red-flag events or fraudulent mechanics were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped XRP (Universal) (UXRP)
Wrapped XRP (Universal) (UXRP) is a tokenized, 1:1-backed representation of XRP deployed across multiple EVM-compatible networks, including Base, Arbitrum One, World Chain, and Polygon. Issued under the Universal wrapped-asset framework, the token is designed to enable XRP exposure within decentralized finance protocols on secondary blockchains. Its supply mechanism operates through minting and burning, expanding and contracting dynamically based on underlying collateral deposits managed through Coinbase Custody.
The Universal wrapped-asset program has undergone smart contract security assessments by the auditing firm Hacken. No direct smart contract exploits, security breaches, or depeg events have been reported for the UXRP token contracts.
UXRP exhibits notable structural and operational risks. The asset relies heavily on centralized custody through Coinbase Custody without publicly verifiable, real-time reserve attestations. Additionally, the token has low market adoption, characterized by a circulating market capitalization of roughly $2 million, low daily trading volumes of approximately $13,000, and fragmented on-chain liquidity.