WAX
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WAX in numbers
WAX (WAXP) ranks #679 by market capitalization, at $26.39M. It belongs to the Networks sector (Layer-1). It has traded since Jan 26, 2018, across 48 markets on 20 exchanges, with $1.35M of volume in the last 24 hours. Its all-time high of $1.08 was reached on Jan 26, 2018; the current price is 99.6% below that peak. Its cycle low of $0.00347927 came on Aug 18, 2026.
4.70B WAXP are in circulation. 2 investors are recorded as backers, including Animoca Brands, OKX Ventures. On Ethereum, 4,072 addresses hold WAXP. It is available on 2 networks.
About WAX
WAX is a specialized blockchain platform that facilitates the trading, creation, and collection of virtual goods and non-fungible tokens (NFTs). It emphasizes ease of use and accessibility in digital asset transactions.
Background
Worldwide Asset eXchange (WAX) is building a decentralized exchange for in-game items from online games. Players of online games often buy, sell, and exchange items such as in-game currencies and virtual objects like weapons or clothing called “skins.” The team believes that current centralized solutions are prone to issues such as lack of trust, where items might not be delivered or stolen, and the reliance on traditional cross-border payment systems.
The project was created by QPSkins, which was launched in 2015 as a central trading platform for digital goods. Unlike the current QPSkins platform, WAX plans to be a decentralized platform where users can create their own online stores to exchange virtual goods, removing the need to trust a central third-party. A typical gaming marketplace consists of buyers, sellers, settlement agents, appraisers, affiliates and listing agents. The WAX platform aims to offer decentralized transaction settlement services for all participants while ensuring security and transparency through a blockchain and smart contracts.
WAX believes that a decentralized marketplace will reduce risks, increase liquidity for in-game items, and remove barriers between borders. Currently, the project is focused on the gaming industry but the infrastructure is being designed to be flexible towards other use cases.