Details about Wrapped AVAX cryptocurrency
€17,100,300
52.274
Unknown
https://www.avalabs.org/
@AvalancheAVAX
Wrapped AVAX price charts
WAVAX exchanges
Wrapped AVAX, the crypto
Wrapped AVAX (WAVAX) is a token on the Avalanche blockchain that is pegged to the value of AVAX. It allows users to navigate easily between the Avalanche and Ethereum networks.
The point
The main point of Wrapped AVAX (WAVAX) is to give users the ability to use their AVAX tokens in the Ethereum ecosystem, and vice versa. This will allow developers to access new liquidity pools, DApps, and other resources, ultimately resulting in more efficient cross-chain transactions.
The problem
The main problem that Wrapped AVAX (WAVAX) tries to solve is the lack of interoperability between different blockchain networks. By creating a pegged token that can be used on both the Avalanche and Ethereum networks, users have more flexibility when it comes to managing and moving their assets.
Compare WAVAX and BTC performance
| Timeframe | WAVAX | BTC |
|---|---|---|
| 1h change | 1.40272 % | -0.234911 % |
| 24h change | 0.78 % | 1.25967 % |
| 7 day change | 0.79 % | -1.44157 % |
| 14 day change | -20.38 % | -9.47799 % |
| 30 day change | -33.76 % | -7.33786 % |
| 200 day change | 261.57 % | 129.168 % |
| Year change | 103.18 % | 129.33 % |