The WAX (Worldwide Asset eXchange) blockchain continues to gain attention as a leading platform for decentralized applications, particularly in the realm of digital collectibles and NFTs. With its native token, WAXP, playing a central role in facilitating transactions and governance, investors and enthusiasts alike are closely monitoring WAX price trends, market performance, and long-term potential.
As of July 2, 2025, the live price of WAX (WAXP) stands at $0.01857708**, reflecting moderate activity in a competitive crypto landscape. Over the past 24 hours, the price has fluctuated between a low of **$0.01793511 and a high of $0.01904785**, indicating relative stability amid broader market movements. The total trading volume remains unreported at this time, but the overall **market capitalization is $65.11 million, securing WAX the #586 position among global cryptocurrencies.
Understanding WAX Token Supply and Scarcity
One of the key factors influencing any cryptocurrency’s value is its supply model. For WAX, this includes both circulating and maximum supply metrics:
- Circulating Supply: 3.50 billion WAXP tokens
- Maximum Supply: 3.77 billion WAXP tokens
This means that over 90% of the total token supply is already in circulation, leaving limited room for future inflation. The capped supply introduces an element of scarcity, which can be favorable for long-term holders if demand increases. Unlike some projects with infinite emission models, WAX’s finite supply supports a more predictable economic structure.
How to Buy WAX: A Step-by-Step Guide
Investing in WAX begins with choosing a reliable exchange and understanding the onboarding process. While platforms like Bybit were previously popular entry points, users today have multiple secure options to acquire WAXP.
Here’s how you can invest:
- Choose a Trusted Exchange: Select a reputable crypto exchange that lists WAXP. Ensure it supports your preferred deposit method—fiat or cryptocurrency.
- Complete Verification: Most platforms require identity verification (KYC) to comply with regulatory standards. This typically involves submitting government-issued ID and proof of address.
- Deposit Funds: You can fund your account using fiat currency (like USD or EUR) via bank transfer or card, or by transferring crypto such as BTC, ETH, or USDT.
Place Your Order: Navigate to the WAX/WAXP trading pair. Choose between:
- Market Order: Buy immediately at the current price (~$0.01858).
- Limit Order: Set your desired purchase price to potentially enter at a better rate.
- Secure Your Assets: After purchasing, consider transferring your WAX tokens to a non-custodial wallet for enhanced security, especially if holding long-term.
Where to Trade WAX Safely and Efficiently
While several exchanges list WAXP, liquidity and user experience vary significantly. Look for platforms offering tight spreads, robust security protocols, and mobile accessibility. Trading on high-volume exchanges ensures faster execution and reduces slippage risk.
Whether you're new to crypto or an experienced trader, ease of navigation and responsive customer support are critical when selecting where to trade.
👉 Explore advanced trading tools and real-time data dashboards to improve your strategy execution.
Selling WAX: Turning Holdings into Value
When it’s time to realize gains or rebalance your portfolio, selling WAX follows a straightforward process:
- Log into your exchange account.
- Go to the trading interface and locate the WAX/WAXP pair.
Place a sell order—either:
- Market Sell: Instantly convert your tokens at the best available price.
- Limit Sell: Specify a target price to optimize returns.
- Once executed, funds will appear in your exchange wallet.
- Withdraw proceeds to your bank account (via fiat withdrawal) or swap into another digital asset.
Timing your sale based on technical indicators, market sentiment, or personal financial goals can help maximize returns.
Is WAX a Good Investment in 2025?
Evaluating WAX as an investment requires looking beyond today’s price tag. Consider these aspects:
- Historical Performance: WAX reached an all-time high of $2.77 on January 9, 2018, driven by early NFT enthusiasm and gaming integrations. Since then, it has experienced significant drawdowns, like many altcoins during bear markets.
- All-Time Low: The lowest recorded price was $0.01594711 on December 31, 2019, showing resilience even during prolonged downturns.
- Current Valuation: At around $0.0186, WAX trades at less than 1% of its peak—potentially attractive for risk-tolerant investors betting on a revival in NFT and metaverse activity.
However, success depends heavily on adoption. WAX powers thousands of virtual items across games, marketplaces, and digital art platforms. If blockchain-based gaming and digital ownership regain momentum, WAX could see renewed interest.
That said, always conduct independent research (DYOR) and consult financial advisors before making decisions.
Frequently Asked Questions (FAQ)
What is the current price of WAX?
As of July 2, 2025, the live price of WAX (WAXP) is $0.01857708. Prices may vary slightly across exchanges due to differences in liquidity and trading volume.
How many WAX tokens are in circulation?
There are currently 3.50 billion WAX tokens in circulation, with a maximum supply capped at 3.77 billion. This near-final supply suggests limited future inflation.
Can I mine WAX tokens?
No, WAX does not use a mining mechanism. It operates on a proof-of-stake consensus model called Delegated Proof-of-Stake (DPoS), where token holders vote for block producers instead of competing computationally.
What drives the price of WAX?
Key factors include NFT trading volume on the WAX blockchain, partnerships with gaming studios or collectible brands, overall crypto market sentiment, and broader adoption of Web3 technologies.
Is WAX secure and decentralized?
Yes, WAX uses a DPoS architecture designed for speed and scalability while maintaining decentralization through elected block producers. Regular audits and open-source code contribute to its trustworthiness.
Should I hold or trade WAX?
This depends on your goals. Long-term holders may bet on increased NFT usage and ecosystem growth. Traders might focus on short-term volatility around major announcements or market shifts.
👉 Learn how to analyze market trends and build a balanced crypto portfolio with actionable insights.
Final Thoughts on WAX Price and Future Outlook
WAX remains a niche but innovative player in the blockchain space, particularly within digital collectibles and play-to-earn ecosystems. While its market cap ranks outside the top 500, its focused use cases provide a solid foundation for targeted growth.
With the crypto market showing signs of recovery in 2025 and increasing interest in tokenized assets, WAX could benefit from renewed attention—especially if NFT trading volumes rise or new gaming integrations are announced.
For investors, patience and informed decision-making are crucial. Monitoring developments on-chain, tracking exchange listings, and staying updated on partnership news can offer early signals of momentum.
Whether you're exploring WAX for speculation or genuine belief in its utility, understanding its fundamentals is the first step toward smarter participation in the evolving digital economy.