Wrapped AVAX (WAVAX)
CryptoScore Pro global score : 72/100 (computed on 2026-10-29)
Wrapped AVAX (WAVAX) is the tokenized representation of Avalanche’s native AVAX asset on the Ethereum Virtual Machine (EVM)-compatible chains, primarily serving as a bridge asset to enable cross-chain interoperability between Avalanche’s primary network and other ecosystems like Ethereum, Polygon, and Fantom. Unlike native AVAX, which operates on Avalanche’s proprietary blockchain, WAVAX is a 1:1 pegged wrapped token deployed via smart contracts on external chains, allowing users to leverage AVAX’s utility—such as staking rewards, governance participation, or transaction fees—without leaving their preferred blockchain environment. This design is critical for Avalanche’s broader strategy to integrate with the Ethereum ecosystem, where WAVAX acts as a liquidity conduit for DeFi protocols, cross-chain swaps, and institutional adoption, particularly in sectors like payments, private credit, and tokenized assets. The absence of a native WAVAX supply (it is minted and burned in real-time) ensures alignment with AVAX’s total supply, mitigating inflationary risks while expanding its reach beyond Avalanche’s native infrastructure. Technologically, WAVAX relies on Avalanche’s cross-chain…
Scores by pillar
| Technology | 76/100 |
|---|---|
| Tokenomics | 90/100 |
| Team | 45/100 |
| Adoption | 84/100 |
| Liquidity | 63/100 |
| Compliance | 75/100 |
Market data
| Price | $8.30 |
|---|---|
| Market cap | $152.07M |
| 24h volume | $89.42M |
| Market cap rank | #250 |
| 24h change | -3.51% |
| 7d change | -10.3% |
| Blockchain | Avalanche |
| Sector | Infrastructure |
Analysis
WAVAX integrates into the Avalanche ecosystem as a tokenized version of AVAX. It uses smart contracts, autonomous programs, to enable interoperability with EVM-compatible chains. The token serves as a liquidity bridge for DeFi, decentralized finance.