Wrapped AVAX
WAVAX
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
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AI Analysis
Comprehensive evaluation of the token
Wrapped AVAX (WAVAX) Overall Analysis
- Use-Case & Utility: Provides a 1:1 ERC-20 wrapper for AVAX, unlocking liquidity across DEXs, lending platforms and NFT marketplaces on Avalanche.
- Tokenomics: Simple, transparent 1:1 peg with no inflation, vesting or treasury; supply strictly mirrors user deposits (7/10).
- Security: Minimal contract surface (deposit/withdraw only), audited as part of Avalanche core, no known incidents in three years (9/10).
- Active Development: Very low direct maintenance and no standalone roadmap—reliant on Avalanche core upgrades (2/10).
- Community & Governance: Solid backing by the broader Avalanche community (6/10) but no WAVAX-specific governance or token-holder rights.
- Market Outlook: Demand driven by Avalanche DeFi adoption; success tied to C-Chain growth rather than token-specific innovation (7/10).
WAVAX is a high-security, low-innovation interoperability token whose value accrues with Avalanche’s DeFi ecosystem rather than standalone features.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Wrapped AVAX (WAVAX)
Wrapped AVAX (WAVAX)
Wrapped AVAX (WAVAX) is an ERC-20 token on the Avalanche C-Chain that provides a one-to-one representation of the native AVAX asset. By wrapping AVAX into WAVAX, users gain compatibility with DeFi protocols, smart contracts, and dApps across the Avalanche ecosystem.
Key Features
- ERC-20 standard token backed 1:1 by AVAX
- Seamless wrapping and unwrapping via Avalanche smart contracts
- Cross-protocol liquidity on decentralized exchanges
- Integration with lending, staking, and yield farming platforms
Token Details
- Name: Wrapped AVAX
- Symbol: WAVAX
- Network: Avalanche C-Chain
- Standard: ERC-20
Use Cases
- Providing liquidity in DEXs and AMMs
- Serving as collateral in lending and borrowing services
- Enabling yield farming and staking derivatives
- Facilitating NFT transactions within Avalanche dApps
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