What is the current price of WAX?
The current price of WAX is $0.00475 with a 2.22% change in the last 24 hours.
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Derivatives and mapped ecosystem data, with source timings and coverage.
WAX, short for Worldwide Asset eXchange, is a Delegated Proof-of-Stake layer 1 blockchain built for digital collectibles, blockchain gaming, and consumer-facing NFT applications. It runs its own mainnet rather than settling on another chain, and it is descended from the EOSIO codebase, which is why WAX accounts use human-readable names instead of hexadecimal addresses and why transactions are paid for with staked network resources rather than a per-transaction gas fee.
WAXP is the native token of that chain. It is staked for network resources, used to vote for the block producers WAX calls Guilds, and spent inside the marketplaces and games built on top of the network.
A live read of the WAX chain API in September 2026 returned chain ID 1064487b3cd1a897ce03ae5b6a865651747e2e152090f99c1d19d44e01aea5a4 and node version v5.0.3wax01, confirming the mainnet is active and tracking current Antelope releases.
Official sources:
WAX was created by William Quigley and Jonathan Yantis, who previously ran OPSkins, a large marketplace for in-game virtual items. That origin explains the project's direction: rather than starting from a general-purpose smart contract thesis, WAX started from an existing business in trading virtual goods and built a chain around that workflow.
The WAX token sale took place in late 2017, and the WAX blockchain went live as an EOSIO-derived network in 2019. The emphasis then shifted from generic e-commerce toward NFTs, trading card drops, and browser-based games, supported by licensed intellectual property partnerships in the collectibles space.
WAX can be understood through three layers.
Delegated Proof-of-Stake consensus WAXP holders stake and vote for Guilds, the WAX name for block producers. Elected Guilds validate transactions and produce blocks in rotation. The Antelope design WAX inherits allows an active set of up to 21 producers, but the live set can be smaller in practice, so the real validator count is worth checking on an explorer rather than assumed.
A resource model instead of gas fees Execution is paid for with three resources. CPU covers processing time, NET covers bandwidth for transaction data, and RAM covers on-chain storage for account and contract state. CPU and NET are obtained by staking or by renting through PowerUp; RAM is bought and sold on an on-chain market because its supply is limited.
Account abstraction at the protocol level Named accounts, permission levels, and key recovery are protocol features rather than smart contract add-ons. This is what lets WAX wallets onboard users with an email-style login and sponsor resource costs, so an end user can mint or trade an NFT without first acquiring the native token.
WAXP is used for:
WAXP is not a hard-capped asset. The chain has historically issued new tokens through inflation to pay Guilds, voters, and the worker proposal fund, and the project has been steering that model toward usage-driven fees and token burns. The max_supply value visible on the eosio.token contract is an implementation ceiling imposed by the 64-bit integer the ledger uses, not an economic policy cap, so it should not be read as a scarcity guarantee.
A bridged ERC-20 representation of WAXP also exists on Ethereum at 0x2a79324c19ef2b89ea98b23bc669b7e7c9f8a517, which reports the name "WAXP Token" with 8 decimals. That contract is a wrapper for cross-chain liquidity, not the asset that secures the WAX chain.
WAX removed the fee wall from the consumer NFT experience earlier and more thoroughly than most chains. Because resources are staked rather than spent per transaction, and because applications can sponsor those resources, a first-time user can claim, open, and trade collectibles without holding WAXP at all. For mass-market card drops and free-to-play games, that matters more than raw throughput.
The second differentiator is standardization. AtomicAssets gave WAX a single, widely adopted NFT schema with templates and collections built in, which made secondary markets, inventory tools, and game integrations interoperable by default rather than per project.
Compared with general-purpose EVM chains such as Ethereum or its rollups, WAX is narrower and more opinionated. It is not EVM compatible, so Solidity contracts do not port over; developers write C++ contracts against the Antelope toolchain. In exchange, the chain avoids per-transaction gas pricing and offers native account recovery.
Compared with other gaming-oriented networks such as Immutable, Ronin, or Gala, WAX is a standalone layer 1 with its own validator set rather than a rollup or sidechain anchored to Ethereum, so its security budget is its own rather than inherited.
Compared with its EOSIO siblings such as EOS and Telos, WAX made a clearer product bet, specializing around collectibles instead of competing as a general smart contract platform. Most of its sustained activity comes from NFT minting and trading rather than DeFi.
Security rests on the Guild set and the stake-weighted vote that selects it. Because DPoS concentrates block production in a small elected group, the practical questions are how many distinct Guilds are actually producing, how independent their operators are, and how widely distributed the voting stake is. A read of the live producer schedule in September 2026 returned nine Guilds in the active rotation, fewer than the design maximum, which is a reminder to verify the current set rather than assume a full validator bench.
Beyond consensus, the risk surface includes bugs in marketplace and game contracts, the custody model of whichever wallet a user chooses, and the bridges that move WAXP or NFTs to other chains.
WAX is one of the few chains that reached genuine consumer scale in NFTs without asking users to understand gas, seed phrases, or bridges on day one. Whatever happens to collectibles demand, its choices around sponsored resources, named accounts, and a single dominant asset standard remain a credible reference point for consumer blockchain onboarding.
WAXP is listed on a range of centralized exchanges and is also tradable on WAX-native decentralized exchanges. Availability, pairs, and deposit networks vary by venue and jurisdiction, and the native WAX chain token and the Ethereum wrapped version are not interchangeable at deposit time.
WAXP is often available on:
Common pairs include WAXP/USDT and WAXP/BTC where supported.
After purchase, WAXP can be held:
Always confirm which network you are withdrawing to. Sending native WAXP to an Ethereum address, or the ERC-20 wrapper to a WAX account name, will not arrive.
You can compare WAXP with related ecosystems on Coinrithm:
Track WAX live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for WAX on CoinRithm before using real money.
Use a crypto paper trading account to demo trade WAX with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading WAX with real money.
Read the complete paper trading guideThe current price of WAX is $0.00475 with a 2.22% change in the last 24 hours.
The daily trading volume is $124,126 representing a 5.77% change in the past 24 hours.
The market capitalization of WAX is $22,341,214, ranking #504 globally.
The fully diluted valuation (FDV) of WAX is $22,341,214, calculated assuming the total supply of 4,702,973,198 WAXP is in circulation.
Circulating: 4,702,973,198. Total: 4,702,973,198. Max: N/A.
In the last 24 hours, WAX traded between a low of $0.004591 and a high of $0.004784.
WAXP/USDTTether USDT0.00475 USDT
