WAX
WAXP
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WAX price
in EUR€0.014907
-€0.0004259 (-2.78%)
EUR
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Market cap
€52.50M
Circulating supply
3.5B / 3.77B
All-time high
€0.34072
24h volume
€1.41M
About WAX
WAXP is the cryptocurrency powering the WAX ecosystem, a blockchain designed for digital collectibles, gaming, and decentralized applications. Built for speed and scalability, WAX enables seamless transactions for virtual goods, in-game assets, and NFTs, making it a popular choice for gamers and collectors. The token is used to pay for transactions, participate in governance, and earn rewards within the ecosystem. With a focus on user-friendly experiences, WAX bridges the gap between mainstream users and blockchain technology, offering tools like easy logins and mobile integration. Its deflationary model and real-world utility make WAXP a key player in the growing Web3 economy.
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Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
WAX’s price performance
Past year
-52.37%
€0.03
3 months
-12.59%
€0.02
30 days
-12.07%
€0.02
7 days
-10.99%
€0.02
WAX on socials
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Predict WAX’s prices
How much will WAX be worth over the next few years? Check out the community's thoughts and make your predictions.
View WAX’s price history
Track your WAX’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
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WAX FAQ
Currently, one WAX is worth €0.014907. For answers and insight into WAX's price action, you're in the right place. Explore the latest WAX charts and trade responsibly with OKX.
Cryptocurrencies, such as WAX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as WAX have been created as well.
Check out our WAX price prediction page to forecast future prices and determine your price targets.
Dive deeper into WAX
The World Wide Asset eXchange — more commonly known as WAX — is an NFT and GameFi optimized blockchain. Its native cryptocurrency, WAXP, is used within its delegated proof-of-stake consensus mechanism and governance process. Network users pay transaction fees in WAXP and use it as a medium of exchange at WAX's NFT marketplaces.
ESG Disclosure
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKCoin Europe Ltd
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
WAX
Consensus Mechanism
The WAXP blockchain utilizes a Delegated Proof of Stake (DPoS) consensus mechanism designed to provide scalability, low latency, and decentralization, while ensuring efficient transaction processing and network security. Key Features of WAXP's Consensus Mechanism: 1. Delegated Proof of Stake (DPoS): Token holders vote for block producers (BPs), who are responsible for validating transactions and producing new blocks. The voting power is directly tied to the amount of WAXP tokens held, with token holders able to vote for up to 30 block producers at a time. This system ensures decentralization while maintaining high network throughput. 2. Block Production: Block producers take turns producing blocks in rounds, with each block producer having an equal chance to validate and produce blocks in their turn. The process ensures that all transactions are processed efficiently, and the network remains fast and scalable. 3. Finality and Security: Once a block is produced and validated by a sufficient number of block producers, it is finalized and added to the blockchain. This prevents forking and ensures high security and immutability for the transactions. 4. Incentives for Participation: Block producers receive WAXP tokens and transaction fees as rewards for their participation in block creation and validation. These incentives encourage active participation in maintaining the network's performance, security, and decentralization.
Incentive Mechanisms and Applicable Fees
WAXP uses a Delegated Proof of Stake (DPoS) consensus mechanism to incentivize network participants. Incentive Mechanism: 1. Block Producer Rewards: Block Producers (BPs) earn WAXP tokens and transaction fees for validating and producing blocks. These rewards encourage active participation. 2. Voting and Delegation: Token Holders vote for block producers and can delegate their votes to trusted producers, earning rewards based on their delegation. 3. Active Participation: Block producers and voters are rewarded with WAXP tokens and transaction fees, promoting a secure and decentralized network. Applicable Fees: 1. Transaction Fees: Transaction fees in WAXP tokens are paid for every transaction, helping incentivize block producers and maintain the network. 2. Network Resources: Users stake WAXP tokens to access resources like RAM, CPU, and bandwidth for transactions and smart contracts. 3. Fee Redistribution: Transaction and resource fees are distributed to block producers, rewarding their participation in securing the network.
Beginning of the period to which the disclosure relates
2024-09-24
End of the period to which the disclosure relates
2025-09-24
Energy report
Energy consumption
54750.00000 (kWh/a)
Energy consumption sources and methodologies
For the calculation of energy consumptions, the so called 'bottom-up' approach is being used. The nodes are considered to be the central factor for the energy consumption of the network. These assumptions are made on the basis of empirical findings through the use of public information sites, open-source crawlers and crawlers developed in-house. The main determinants for estimating the hardware used within the network are the requirements for operating the client software. The energy consumption of the hardware devices was measured in certified test laboratories. When calculating the energy consumption, we used - if available - the Functionally Fungible Group Digital Token Identifier (FFG DTI) to determine all implementations of the asset of question in scope and we update the mappings regulary, based on data of the Digital Token Identifier Foundation. The information regarding the hardware used and the number of participants in the network is based on assumptions that are verified with best effort using empirical data. In general, participants are assumed to be largely economically rational. As a precautionary principle, we make assumptions on the conservative side when in doubt, i.e. making higher estimates for the adverse impacts.
Market cap
€52.50M
Circulating supply
3.5B / 3.77B
All-time high
€0.34072
24h volume
€1.41M