WAX (WAXP) Price, Charts, Market Capitalization

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WAX (WAXP) Graphics

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As the NFT and Web3 gaming industries continue to expand, WAX (WAXP) has emerged as one of the most efficient, eco-friendly, and user-friendly blockchains for digital asset creation and exchange. Known as the “King of NFTs“, WAX is a purpose-built blockchain optimized for high-throughput, low-cost, and sustainable transactions in the metaverse economy.

At the core of this ecosystem is the WAXP Coin, the native utility token that powers governance, staking, and resource allocation across the Worldwide Asset eXchange (WAX).

In this article, we will explore what WAXP Coin is, how the WAX blockchain operates, and why it stands out in the world of NFT marketplaces, Web3 gaming, and decentralized digital commerce.

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What is WAX?

WAX (Worldwide Asset eXchange) is a layer-1 blockchain network launched in 2017, designed specifically for NFT trading, virtual item creation, and digital asset management. It uses a delegated proof-of-stake (DPoS) consensus mechanism and is built on EOSIO technology, making it highly scalable, energy-efficient, and developer-friendly.

Unlike general-purpose chains like Ethereum or Solana, WAX is tailored for NFT applications, digital games, and e-commerce. It hosts some of the world’s most popular NFT collections and Web3 games, including Alien Worlds, Farmer’s World, and partnerships with global brands like Topps, Capcom, Atari, and Mattel.

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What is WAXP Coin?

WAXP Coin is the native utility token of the WAX blockchain. It serves multiple core functions in the WAX ecosystem:

• Staking and resource allocation (CPU, NET, and RAM)
• Governance participation through WAX Guild voting
• Transaction fees (which are typically low or zero for end-users)
• Swapping for WAXE (Ethereum-based token for DeFi integration)
• NFT purchases and marketplace transactions

WAXP is essential for users, developers, and validators to interact with and benefit from the WAX blockchain economy.

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Key Features of WAX (WAXP)

1. Green Blockchain Technology

WAX is a carbon-neutral blockchain, using proof-of-stake to minimize energy consumption. It offsets 100% of its carbon emissions, making it ideal for environmentally conscious NFT projects.

2. Zero Gas Fees for Users

Instead of charging transaction fees to users, WAX uses a staking model, allowing users to perform actions fee-free while developers and service providers manage resources.

3. High Performance and Scalability

WAX handles up to 8,000 TPS (transactions per second), making it one of the fastest blockchains for NFT minting, gaming, and micro-transactions.

4. Built-In NFT Tools

The WAX platform includes native NFT standards, smart contracts, cloud wallets, and marketplaces, giving developers everything they need to launch an NFT project without relying on third-party tools.

5. WAX Cloud Wallet (WCW)

This is a user-friendly, non-custodial wallet that simplifies onboarding. Users can sign up with social accounts, store NFTs, stake tokens, and vote in governance—all without needing advanced blockchain knowledge.

6. WAX DeFi Bridge (WAXE)

WAX also offers DeFi functionality by allowing users to convert WAXP to WAXE, an Ethereum-based version of the token. This enables participation in yield farming and liquidity mining through WAX’s Ethereum bridge.

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Use Cases of WAXP Coin

1. Staking – Stake WAXP tokens to access blockchain resources and earn voting rights.
2. NFT Marketplace Transactions – Buy and sell NFTs on platforms like AtomicHub using WAXP.
3. Play-to-Earn Gaming – Many WAX-based games reward players in WAXP or game-specific tokens.
4. DAO Governance – Vote for WAX Guilds, who maintain the blockchain and validate blocks.
5. DeFi Yield Farming – Swap WAXP for WAXE to participate in Ethereum-based liquidity pools.
6. Developer Resource Access – Projects use staked WAXP to access CPU, NET, and RAM for dApp operation.

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Tokenomics of WAXP

• Token Symbol: WAXP
• Blockchain: WAX (based on EOSIO)
• Consensus: Delegated Proof-of-Stake (DPoS)
• Maximum Supply: Unlimited (inflationary with burn mechanisms)
• Circulating Supply: See CoinMarketCap or CoinGecko
• Inflation Rate: ~5% annually, partially burned or redistributed to guilds and stakers
• Staking Rewards: Voters receive staking incentives and influence over governance

The WAXP economic model balances supply through token burns, staking rewards, and cross-chain integration with Ethereum.

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Where to Buy WAXP Coin?

You can purchase WAXP Coin from a variety of centralized and decentralized exchanges, including:

• Binance
• Gate.io
• KuCoin
• Huobi
• MEXC Global
• Uniswap (via WAXE)

Store your tokens in the official WAX Cloud Wallet, or any wallet that supports ERC-20 if you’re using WAXE on Ethereum.

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WAX vs Other NFT Blockchains

Feature	WAX (WAXP)	Ethereum (ETH)	Solana (SOL)
NFT Focus	High	High	High
Gas Fees	None for users	High	Low
Environmental Impact	Carbon-Neutral	Energy-Intensive	Energy-Efficient
Onboarding Experience	Easy (Cloud Wallet)	Complex	Moderate
Native NFT Marketplaces	Yes (AtomicHub, NeftyBlocks)	Yes (OpenSea, Rarible)	Yes (Magic Eden)
Performance (TPS)	Up to 8,000	~30	~65,000

WAX excels in usability, scalability, and eco-friendliness, making it the go-to choice for NFT creators, game developers, and mainstream brands.

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WAX Ecosystem and Partners

WAX has secured partnerships with major global brands, including:

• Capcom
• Funko
• Atari
• Street Fighter
• Sony Pictures
• Hasbro
• Topps (Major League Baseball NFTs)

These collaborations validate WAX as the leading blockchain for licensed, collectible digital assets.

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Roadmap & Future Development

The WAX development team continues to innovate and expand the platform with:

• Advanced DAO tools and voting systems
• WAX Studios game development projects
• More NFT DeFi tools and staking options
• Cross-chain interoperability with Ethereum, BNB Chain, and other L1s
• Mobile-native WAX Cloud Wallet and hardware wallet integrations

With growing interest from mainstream brands, WAXP is positioned for long-term adoption and scalability.

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WAX (WAXP) Coin is more than just a utility token—it’s the lifeblood of the world’s most sustainable and accessible NFT blockchain. With zero gas fees, built-in NFT tools, a thriving play-to-earn ecosystem, and an eco-conscious infrastructure, WAX stands out as a leader in the Web3 digital collectibles revolution.

Whether you’re a game developer, NFT creator, crypto investor, or casual user, WAXP Coin provides the tools and infrastructure needed to participate in the future of decentralized commerce and entertainment.

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About WAX (WAXP)

Information Type	Details
Symbol	WAXP
Network	WAX Blockchain
Website	wax.io
Explorers	WAX Block Explorer
Community Platforms	Twitter, Telegram
Market Cap	Approximately $88.49 million USD
Circulating Supply	4,362,686,989 WAXP
Total Supply	3,770,303,327 WAXP
Categories	Gaming, NFTs, Metaverse, e-Commerce

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