Coinbase Wrapped ADA (cbADA) Goes Live on Solana via Sunrise, Bridged by Chainlink CCIP

Coinbase Wrapped ADA (cbADA) went live on Solana at 18:00 UTC on 28 September 2026, listed through Sunrise and bridged by Chainlink's Cross-Chain Interoperability Protocol (CCIP). "$cbADA is now live and tradable on @Solana via Sunrise," Sunrise posted, and Raydium RAY$1.90-13.5% confirmed cbADA trading on its pools at 18:05 UTC. In the same minute as the listing, Pump.fun and StonkFun opened cbADA as a base pair for new launchpad tokens.

Coinbase cbBTC$83,448.94-1.6% endorsed the listing from its Coinbase Platform account at 18:38 UTC with a post pairing cbADA with Solana, "Powered by @Chainlink CCIP." cbADA is the second Coinbase wrapped asset to reach Solana in four days: Coinbase Wrapped Litecoin (cbLTC) went live on Raydium via Sunrise at 17:42 UTC on 25 September over the same CCIP route. Chainlink's own LINK token took a CCIP path to Solana on 14 September, as we covered when LINK became a canonical Solana asset.

What Coinbase Wrapped ADA (cbADA) is

cbADA is a token that represents ADA, the native asset of the Cardano blockchain, held in Coinbase's custody. Coinbase launched cbADA and cbLTC on Base, its Ethereum layer-2 network, in June 2025, and The Block reported at the time that both are "backed 1:1 by ADA and LTC held in custody by Coinbase," with proof of reserves for each.

Coinbase customers create cbADA by sending ADA from their Coinbase account to an on-chain Base address, where it converts automatically. Sending cbADA back to a Coinbase account converts it to ADA at the same 1:1 ratio, according to The Block's report. The model works like a warehouse receipt: the ADA sits with Coinbase, and the token is the claim that travels. Moving cbADA between Solana wallets does not touch the Cardano network, so what backs a Solana holder's cbADA is Coinbase's custody of the underlying ADA.

How cbADA reaches Solana through Chainlink CCIP and Sunrise

Chainlink CCIP is the bridge that carries cbADA to Solana, and Coinbase chose it as the only one for its wrapped assets. CCIP is Chainlink's system for moving tokens and messages between blockchains. Coinbase selected CCIP in December 2025 as the exclusive bridge infrastructure for cbBTC, cbETH, cbDOGE, cbLTC, cbADA and cbXRP, a family worth about $7 billion combined according to that announcement. The Block's coverage of the deal reported the same exclusivity and figure.

In the December 2025 announcement, Josh Leavitt, Senior Director of Product Management at Coinbase, called Chainlink "an industry leader for cross-chain connectivity" and its infrastructure a way to expand the wrapped-asset line-up.

Sunrise handles the Solana side. The listing layer describes itself as bringing "new assets to Solana with canonical markets," meaning one official mint that Solana apps agree to treat as the real asset. When cbLTC listed on 25 September, Sunrise said it supports "different infrastructure under the hood" and that "more of Coinbase's wrapped assets are now accessible across Solana." The Coinbase assets are the CCIP-bridged part of its catalogue.

The official Solana mint is cbADAmv9issuPfhFwyQG3xac4DGPd1LDSt1oz7vwJsg, which Sunrise published alongside its CCIP attribution. Checking that address matters. Solana Compass token records show two other tokens named "Coinbase Wrapped ADA" created through Raydium's launchpad at about 17:56 UTC, minutes before the official listing, and a third made on Pump.fun on 10 September. None of them is the Sunrise-listed cbADA.

Where cbADA trades on Solana: Raydium, Pump.fun and StonkFun

Raydium was the first venue to confirm spot trading, and two launchpads made cbADA a building block for new tokens. On a launchpad, every new token is priced against a base asset, usually SOL or a stablecoin. Pump.fun's ecosystem account announced that cbADA pairs are live, so creators can launch tokens quoted in cbADA, and a "Holder Rewards" toggle lets those tokens pay their holders in cbADA.

StonkFun, run by the LaunchOnSF team, did the same at stonkfun.xyz. "If anyone asks why there's Cardano in your wallet, blame us," LaunchOnSF posted at 17:59 UTC, identifying the asset by its Base contract address. StonkFun added cbLTC as a base pair on 25 September and has paired several Sunrise-listed tokenized stocks this month.

Early activity on the official mint was measurable within 90 minutes. As of 19:25 UTC on 28 September, Solana Compass's cbADA token page showed 1,705 holders, about $1.13 million in trailing 24-hour trading volume (in practice, everything since the listing) and a Solana supply of roughly 1.34 million cbADA.

Coinbase's wrapped-asset pipeline on Solana

cbADA and cbLTC make two of Coinbase's six wrapped assets live on Solana, both through CCIP and the same Sunrise listing process. Sunrise's reply to the cbADA launch told followers to watch its account "to see what lists next," and neither company has named the next asset or a date.

For Solana apps, the pipeline means a Coinbase-backed asset can arrive with a canonical mint, a spot market on Raydium and launchpad base pairs on Pump.fun and StonkFun on the day it lists. Holders get a single custodian behind the backing and a single bridge behind the transfer. That is the same day-one distribution Sunrise's listings have produced through September, from ZAMA's arrival on Raydium and DFlow to the weekly volume milestone Sunrise passed.