WAX (WAXP)
CryptoScore Pro global score : 60/100 (computed on 2026-10-30)
WAX, or Worldwide Asset eXchange, is a blockchain platform specifically designed for the gaming and non-fungible token (NFT) sectors, operating as a Layer 1 solution built on the EOSIO framework. Launched in December 2017, WAX addresses the inefficiencies of traditional virtual asset marketplaces by providing a decentralized, scalable, and user-friendly environment for trading digital goods, such as in-game items, collectibles, and NFTs. The platform targets developers, gamers, and digital collectors, offering tools to create, buy, sell, and trade virtual assets with minimal friction. Its relevance lies in its ability to bridge the gap between blockchain technology and mainstream gaming, a sector with over 3 billion players globally, by enabling true ownership of digital assets and fostering interoperability across games and platforms. Technologically, WAX leverages the EOSIO software, which is known for its high throughput, low latency, and feeless transactions—critical features for gaming and NFT applications where speed and cost-efficiency are paramount. The WAX blockchain employs a delegated proof-of-stake (DPoS) consensus mechanism, where 21 block producers validate…
Scores by pillar
| Technology | 40/100 |
|---|---|
| Tokenomics | 79/100 |
| Team | 67/100 |
| Adoption | 54/100 |
| Liquidity | 67/100 |
| Compliance | 79/100 |
Market data
| Price | $0.00423 |
|---|---|
| Market cap | $19.96M |
| 24h volume | $1.26M |
| Market cap rank | #913 |
| 24h change | -7.24% |
| 7d change | -6.72% |
| Blockchain | WAX (EOSIO-based) |
| Sector | Gaming | NFT |
Analysis
WAX is a layer 1 blockchain, a base infrastructure, built on the EOSIO framework. It relies on DPoS, a delegated consensus mechanism, where 21 validators secure the network to guarantee high throughput. The token is used for the exchange of digital assets and NFTs, non-fungible tokens.