# WAX (WAXP) — crypto price, market cap and strength versus Bitcoin

> WAX trades at $0.0039 with a market capitalisation of $20.2M (rank 833). Over 90 days it is -21.5% against Bitcoin and sits below its 200-day average. Gaming as a theme is -8.2% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

## Agent research brief

- What this coin is: WAX (WAXP), a Gaming token of $20.2M at market-cap rank 833. On-chain activity is sourced from chain TVL.
- What the tape says: -21.5% versus Bitcoin over 90 days; below its 200-day average. Gaming as a theme is -8.2% against Bitcoin over 13 weeks.
- What the evidence supports: 35.9/100 inside Gaming on 55% evidence (10% of it native activity). Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. WAX does publish total value locked.

Theme: Gaming (/crypto/sector/gaming). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

WAX is -81.5% over one year, -41.7% over 90 days and -6.4% over 30 days. Annualised 30-day volatility is 52%. Its deepest fall from a high inside the last 90 days is 51%. It trades below its 200-day average, which is falling.

- Price: $0.0039
- Market cap: $20.2M (rank 833)
- Returns: 7d +1.2%; 30d -6.4%; 90d -42%; 180d -45%; 1y -82%
- RS versus Bitcoin, 90d: -22%
- 30-day volatility: 52% annualised; deepest 90-day fall 51%
- 200-day average: $0.0061, trading below it

## Protocol economics

WAX publishes 1 of the six network-economics series this site tracks: total value locked. Total value locked at the latest complete quarter is $261.6K. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter.

- Total value locked: latest quarter $261.6K; change -71%; covered 18/20 quarters

## Research score

WAX: 35.9/100 — Illiquid · research only; 6.7 + 13.5 + 10.0 + 5.7 = 35.9; evidence 55%; native evidence 10%; rank 30 of 36 rated Gaming coins
Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.

No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## Gaming scorecard

WAX is one of 43 Gaming coins here, 36 of which carry enough evidence to be rated and ranked. WAX ranks 30 of those 36 on 55% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.

- 1. Capybobo (PYBOBO): score 62; evidence 43%; Illiquid · research only
- 2. GoMining Token (GOMINING): score 61.7; evidence 50%; Tape-led · on-chain proof incomplete
- 3. Alien Worlds (TLM): score 59.8; evidence 55%; Tape-led · on-chain proof incomplete
- 4. Metaplex (MPLX): score 57.2; evidence 86%; Illiquid · research only
- 5. Rollbit Coin (RLB): score 57.1; evidence 50%; Illiquid · research only
- 6. CROSS (CROSS): score 56.9; evidence 50%; Illiquid · research only
- 7. B3 (Base) (B3): score 55.2; evidence 50%; Tape-led · on-chain proof incomplete
- 8. Hamster Kombat (HMSTR): score 54.4; evidence 50%; Tape-led · on-chain proof incomplete
- 9. Incrypt (INC): score 52.4; evidence 50%; Illiquid · research only
- 10. Gama Token (GAMA): score 52.3; evidence 50%; Illiquid · research only
- 11. DEAPCOIN (DEP): score 52.1; evidence 50%; Illiquid · research only
- 12. Nexpace (NXPC): score 52.1; evidence 50%; Tape-led · on-chain proof incomplete
- 13. Decentraland (MANA): score 50.6; evidence 50%; Tape-led · on-chain proof incomplete
- 14. Four (FORM): score 48.4; evidence 12%; Illiquid · research only
- 15. GMT (GMT): score 48.1; evidence 12%; Illiquid · research only
- 16. SuperVerse (SUPER): score 47.5; evidence 17%; Illiquid · research only
- 17. Smooth Love Potion (SLP): score 46.3; evidence 50%; Illiquid · research only
- 18. ApeCoin (APE): score 45.7; evidence 55%; Illiquid · research only
- 19. Hunt (HUNT): score 45.2; evidence 50%; Illiquid · research only
- 20. Axie Infinity (AXS): score 45.1; evidence 86%; Mixed · market gate closed
- 21. WEMIX (WEMIX): score 44.8; evidence 55%; Illiquid · research only
- 22. SKALE (SKL): score 42.8; evidence 50%; Tape-led · on-chain proof incomplete
- 23. The Sandbox (SAND): score 42.2; evidence 50%; Tape-led · on-chain proof incomplete
- 24. Adshares (ADS): score 42; evidence 50%; Illiquid · research only
- 25. Hive (HIVE): score 40.7; evidence 50%; Illiquid · research only
- 26. Catizen (CATI): score 40.2; evidence 50%; Illiquid · research only
- 27. Unipoly (UNP): score 38.7; evidence 50%; Illiquid · research only
- 28. GALA (GALA): score 38.1; evidence 50%; Tape-led · on-chain proof incomplete
- 29. Big Time (BIGTIME): score 36.2; evidence 50%; Tape-led · on-chain proof incomplete
- 30. WAX (WAXP) [this coin]: score 35.9; evidence 55%; Illiquid · research only
- 31. Somnia (SOMI): score 35.9; evidence 50%; Tape-led · on-chain proof incomplete
- 32. Enjin Coin (ENJ): score 35.3; evidence 50%; Illiquid · research only
- 33. Yield Guild Games (YGG): score 34.5; evidence 50%; Tape-led · on-chain proof incomplete
- 34. BORA (BORA): score 33.7; evidence 50%; Illiquid · research only
- 35. Beam (BEAM): score 27.3; evidence 65%; Illiquid · research only
- 36. Illuvium (ILV): score 26.4; evidence 86%; Illiquid · research only

## Limitations

- Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
- Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
- No valuation band exists for any coin: historical market capitalisation is not held at all.
- Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
- The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.

## FAQs

### What is WAX (WAXP)?

WAX is a Gaming cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from chain TVL. It is one of 43 Gaming coins on this site. Readings are as of 2026-07-31.

### What is the market cap of WAX?

WAX's market capitalisation is $20.2M, ranking it 833 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

### Is WAX beating Bitcoin?

WAX is -21.5% against Bitcoin over 90 days, and its own theme, Gaming, is -8.2% over 13 weeks. It trades below its 200-day average as of 2026-07-31.

### Does WAX have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

### What is WAX's research score?

35.9/100 within Gaming, ranked 30 of 36 rated Gaming coins, on 55% evidence: 6.7 + 13.5 + 10.0 + 5.7 = 35.9. It is labelled “Illiquid · research only”. The score ranks research attention inside one theme, never portfolio action.

### How much WAX history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics WAX actually publishes. Here that is total value locked.

### Does WAX generate total value locked?

WAX's latest quarter total value locked is $261.6K, down 71.1% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.