Wrapped AVAX

WAVAX (Wrapped AVAX) represents a critical, foundational infrastructure component of the Avalanche ecosystem, earning a high aggregate score driven by its utility and security profile. As the canonical wrapper enabling ERC-20 compatibility for the native AVAX coin, it holds a monopoly on use cases within the C-Chain's DeFi sector, achieving a perfect score for Market and Use Case. While the specific code repository is static, this is identified as a stability feature of a 'finished primitive' based on the battle-tested WETH9 standard, rather than neglect. The project benefits from the exceptional development velocity of Ava Labs and a committed, utility-focused community. Its tokenomics are mechanically sound, operating on a trustless 1:1 mint-and-burn model that inherits the deflationary pressure of the underlying AVAX asset. With no history of exploits and strong backing from a credible, public team, WAVAX presents a highly secure investment profile.