The current real-time price of WAVAX is $7.28. In the past 24 hours, WAVAX has traded between $7.26 and $7.83, showing strong market activity. The all-time high of WAVAX is $45.08, and the all-time low is $7.37.
From a short-term perspective, the price change of WAVAX over the past 1 hour is , over the past 24 hours is +0.66%, and over the past 7 days is -5.86%. These figures provide a quick overview of the latest price trends and market dynamics of WAVAX on LBank.-9.02%
The live price of WAVAX today is $7.28, with a current market cap of $227.153K. The 24-hour trading volume is 280.77. The price of WAVAX to USD is updated in real time.
Before deciding whether to buy or sell WAVAX, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WAVAX technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WAVAX.
How much will WAVAX be worth tomorrow, next week, or next month in ? What about your WAVAX assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WAVAX Price Prediction
To learn more about WAVAX, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
polygon-pos | 0xba12...6bf2c8  | 2,532.999 | 8.12% |
polygon-pos | 0x1274...c335ef | 2,138 | 6.85% |
polygon-pos | 0xeb47...e413b5 | 1,200 | 3.85% |
polygon-pos | 0xd839...0760c3 | 752 | 2.41% |
polygon-pos | 0xfd94...38800d | 581 | 1.86% |
Other | 23,998.26 | 76.91% |
AVAX is the native utility token of the Avalanche blockchain, used for network fees and security. WAVAX, or Wrapped AVAX, is an ERC-20 compatible version of the token. Because most decentralized finance (DeFi) smart contracts require the ERC-20 standard to operate, users must wrap their native AVAX into WAVAX to participate in activities like providing liquidity or lending on various decentralized platforms.
Bridged WAVAX is not an independent project. Instead, it is a representation of the original AVAX token that has been moved across blockchains via a bridge protocol. This allows the asset to be used on networks other than Avalanche, such as Ethereum or Polygon. It maintains its value by being backed by the native asset held within the bridge's smart contracts.
You can convert WAVAX to native AVAX by using a decentralized exchange (DEX) that supports the Avalanche ecosystem. These platforms typically offer a "Wrap/Unwrap" function or a direct swap tool where you can exchange the tokens at a 1:1 ratio. Alternatively, you can use cross-chain bridge services to move the asset back to the Avalanche C-Chain before unwrapping it for use in its native environment.
Holding bridged assets introduces "bridge risk," which refers to the potential for smart contract vulnerabilities within a bridge protocol. If a bridge is exploited, the bridged tokens may lose their 1:1 backing with the native asset. To mitigate this risk, users are often advised to only bridge assets required for immediate DeFi use and to rely on highly-rated, audited bridge protocols rather than storing large amounts of bridged tokens long-term.
Caution is required when depositing to centralized exchanges. Most platforms, including LBank, typically support native AVAX on the Avalanche C-Chain. Sending Bridged WAVAX from an external network like Polygon directly to an exchange deposit address can lead to a permanent loss of funds. You should always bridge or swap your tokens back to native AVAX on the Avalanche network before initiating a deposit to an exchange.
Yes, bridging WAVAX incurs transaction fees, commonly known as gas. These fees must be paid using the native token of the source network; for example, you would need ETH to bridge from Ethereum or MATIC to bridge from Polygon. Some reputable bridge protocols offer a small amount of native AVAX to users upon a successful cross-chain transfer to help facilitate their first transaction on the Avalanche network.
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