Can XRPL Dethrone Deribit With Its Own Chain?

 Transia-RnD proposes an XRPL sidechain for options and up to 200x leverage, drawing direct comparisons to Hyperliquid’s $9B chain. Here’s what’s in the pitch.

Transia-RnD has dropped a formal pitch for an XRPL options sidechain. Purpose-built. Not retrofitted. Denis Angell, the developer behind the proposal, published the full specification on GitHub and the crypto community reacted fast.

On X, Denis Angell (@angell_denis) posted the GitHub link with two words: “Something big.” The document he linked outlines what Transia-RnD is calling the native derivatives layer for the XRP Ledger, a chain built specifically for options trading with up to 200x leveraged margin positions and a cryptographically secured bridge back to XRPL mainnet.

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The Hyperliquid Comparison Nobody Is Ignoring

The pitch leans directly into the Hyperliquid narrative. The document opens by stating that Hyperliquid “proved that a purpose-built chain with a native order book can dominate DeFi derivatives.” Angell’s argument is that XRPL is next. The XRP Ledger has nearly 15 years of uptime, sub-4-second finality, near-zero fees, and a native DEX. What it has never had, until now, is a derivatives layer.

WKahneman on X described the proposal as a sidechain “purpose-built for options and leverage” with a bridge back to XRPL and passkey authentication. He compared it directly to Hyperliquid for options. That framing spread quickly.

Hyperliquid launched with 16 validators and built a $9B+ ecosystem. The pitch uses this as the baseline for what early validator participation in the XRPL options sidechain could mean going forward.

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What the Sidechain Actually Does

Three systems sit at the core of this proposal. First, a trustless cross-chain bridge using XPop proofs, a cryptographic mechanism that verifies a transaction was included in a specific XRPL mainnet ledger, signed by 80% or more of the validator set. No mainnet amendments required. The vault is a standard multisig account.

Second, native American-style options. Not AMM-based. Not synthetic. Real matched counterparty positions are settled at the protocol level, with leverage ranging from 2x to 200x. Isolated and cross-margin modes. Liquidation is open to any account, incentivised with a bonus. The margin math mirrors what institutional perpetual exchanges already use.

Third, passkey authentication via WebAuthn/FIDO2. P256 as a native key type. Traders sign transactions with Face ID, Touch ID, or hardware security keys. The spec notes this is the same authentication standard used by major banks. For institutional trading, it is framed not as a feature but as a requirement.

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Community Reaction Was Immediate

ChartNerdTA on X posted in capitals: “HUGEEE!” The account summarised the proposal as a purpose-built trading chain bringing 200x leverage and a trustless cross-chain bridge to XRPL. The phrase the post seized on was from the pitch document itself: “closing the gap.”

That gap, as Angell frames it, is the absence of any on-chain options infrastructure across the entire XRPL ecosystem. On-chain options in crypto are nascent. Deribit, a centralised exchange, still dominates the space. The sidechain pitch positions XRPL to challenge that structure from a chain that has been running since 2012.

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What Transia-RnD Is Asking For

The proposal is open for community review across three tracks: XLS specification review, C++ code review of the options-sidechain branch on GitHub, and economic and game theory review of the incentive structures.

Transia-RnD is also actively seeking established XRPL UNL validators to extend their infrastructure to the sidechain. Validator keys become signers in the bridge trust model. Each import of XRP from the mainnet requires an 80% quorum of those validators to approve. A professional security audit is planned to be funded through the XRPL Grants program, scoped across the bridge, the options engine, and the passkey implementation.

The full specification is available at github.com/Transia-RnD/rippled on the options-sidechain branch.  

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