WAXP
$0.006808182283689886

WAX (WAXP) Price

$0.006808182283689886
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WAX (WAXP) Price Today

The live price of WAX is 0.006808182283689886 USD. In the past 24 hours, the trading volume of WAX was 1,981,456.01 USD, up by 0.67%. The current price has decreased by -13.21% from its 7-day high of 2.77 USD, and increased by 0.00588044% from its 7-day low of 0.00588044 USD. With a circulating supply of 8,413,027,690.75 WAX, the market cap of WAX is currently 71,176,051.00 USD, down by 0% in the last 24 hours. WAX currently ranks #603 by market capitalization among cryptocurrencies.

WAX (WAXP) Market Data

Market Cap
$30.8M
24h Volume
$1.9M
Circulating Supply
4.5B WAXP
Maximum Supply
--
Fully Diluted Market Cap
$57.1M
Liquidity Indicator
6.42%
About
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FAQ

About WAX (WAXP)

How can I buy WAX (WAXP)?

Buying WAX (WAXP) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase WAX (WAXP) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy WAXP Guide for more information.

What Is WAX (WAXP) and How Does It Work?



WAX (WAXP) is a purpose-built Layer-1 blockchain optimized for NFT creation, trading, and gaming, providing high scalability and low fees for consumer-focused applications. Founded by William Quigley and Malcolm CasSelle in 2017, it uses delegated proof-of-stake consensus with 21 elected block producers for efficiency, supporting virtual item marketplaces, NFT minting, and play-to-earn gaming with minimal environmental impact. The WAXP token powers staking for governance and rewards, transaction fees, and resource provisioning, with built-in tools for NFT standards and interoperability, making it a leading chain for digital collectibles and blockchain gaming.

When Did WAX Launch?


WAX was founded in 2017 by William Quigley and Malcolm CasSelle, and launched the mainnet in June 2018 with focus on virtual goods marketplaces. The project achieved massive adoption in NFT and gaming during 2021-2022, with 2023-2025 expansions including carbon-neutral operations, new NFT standards, and partnerships with major gaming studios, maintaining high transaction volume by December 2025.

What Are the Key Features of WAX?


WAX offers extremely low transaction fees and high throughput optimized for NFT minting and trading, delegated proof-of-stake with 21 block producers for efficiency, native NFT standards and tools for creators, carbon-neutral operations through offsets, staking for governance and rewards, and integrations with major marketplaces and games, making it one of the most widely used blockchains for consumer NFTs and blockchain gaming.

What Is WAXP Used For?


WAXP is used for staking to earn rewards and participate in governance, paying transaction fees and CPU/NET resources, voting for block producers, providing liquidity in pools for yields, and accessing premium NFT and gaming features on the WAX platform.

What Is the WAXP Token Utility?


WAXP secures staking for network validation and rewards, powers governance through block producer voting, covers resource costs for transactions and dApps, captures value from NFT and gaming activity, and funds ecosystem growth through community initiatives.

What Blockchain Does WAX Operate On?


WAX operates on its own Layer-1 blockchain with delegated proof-of-stake consensus optimized for NFT and gaming applications.

What Are WAXP Tokenomics?


WAXP has an inflationary reward model with approximately 3.8 billion tokens in circulation as of December 2025. Allocation prioritizes staking rewards, ecosystem development, and community incentives, with no hard cap but controlled inflation through staking participation.

 


Info Source

Official WebsiteWhitepaper

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Frequently Asked Questions about WAXP (WAX)

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