- WAX (WAXP) is found to be the top gainer of the day.
- In a day WAXP price increased from $0.6 to $ 0.8.
- WAX features a WAXP-to-Ethereum (ETH) bridge.
A layer -1 network that aims to build an ecosystem for dApps is WAX (WAXP). And today, WAX (WAXP) is found to be the top gainer of the day. WAXP is WAX’s native utility token.
Furthermore, WAX is a decentralized blockchain solution that powers the WAX marketplace and focuses on the transfer and exchange of virtual goods and services. WAX features a WAXP-to-Ethereum (ETH) bridge that enables WAXP token holders o convert their token into WAXE. WAXE is an Ethereum-based ERC20 utility token.
Accordingly, WAX has many unique features, if users want to take part in tokenomics, they have to burn their WAXP tokens to get WAXE through the Ethereum bridge. Afterward, users need to stake the WAXE tokens on the Ethereum distribution contract. Currently, the WAX mainnet supports two competing NFT standards – Simple Assets and Atomic Assets. The non-fungible token (NFT) standards on the WAX blockchain enable NFT operations such as minting, burning, or transfer with no gas fees.
CoinMarketStaus of WAXP
More so, as per CoinMarketCap, WAXP’s price was trading at $0.815 with a 24-hour trading volume of $1,607,650,181. The circulating supply of WAXP is 1.84B WAXP. In the last 24-hour WAXP price surged over 30.65%. It can be traded in top crypto exchanges such as Binance, Mandala Exchange, Huobi Global, Upbit, and KuCoin.
The above chart depicts the strong bullish trend of WAXP in the last 24-hour. In a day WAXP price increased from $0.6 to $ 0.8, with a surge of 30.65%. In the last 7 days, WAXP price gained over 65%. And it was founded as the top gainer of the day. For sure, if this gain continues we can expect WAXP to hit its new all-time high (ATH).
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