Layer 1 · Delegated Proof of Stake · Live since 2019
WAX
WAXP
WAX is a Delegated Proof of Stake Layer 1 built on the Antelope framework and focused on NFTs, gaming, and digital collectibles. Its native token is WAXP.
WAX, the Worldwide Asset eXchange, launched its mainnet in 2019 and is built on the Antelope framework, the open-source codebase that grew out of EOSIO. It is aimed at NFTs, blockchain gaming, and digital collectibles, with a resource model where users stake WAXP for network capacity rather than paying a fee on every transaction. Here is how it works and what it is used for, not the price.
Total value locked (DeFi)
$305,209
Value locked in DeFi protocols on WAX. Updated Jun 8, 2026. Source: DefiLlama.
WAXP holders vote for block producers, known as guilds, who take turns producing blocks roughly every half second. The producers with the most staked votes earn the right to validate transactions and secure the network. WAX has also adopted the Savanna consensus algorithm from Antelope, which adds a finality layer so confirmed blocks reach an irreversible state faster than under the original last-irreversible-block model.
Consensus: Delegated Proof of Stake
WAXP holders vote for block producers, known as guilds, who take turns producing blocks roughly every half second. The producers with the most staked votes earn the right to validate transactions and secure the network. WAX has also adopted the Savanna consensus algorithm from Antelope, which adds a finality layer so confirmed blocks reach an irreversible state faster than under the original last-irreversible-block model.
Guilds
Block producers on WAX are called guilds. Token holders vote for them with staked WAXP, and the top-voted guilds take turns producing blocks and maintaining the network.
Resource staking
Instead of paying a fee on every transaction, users stake WAXP to reserve CPU and network bandwidth. Staked tokens can later be unstaked, which keeps routine actions low cost for active accounts.
Account model
WAX uses human-readable account names and an account-based permission system rather than long hexadecimal addresses, which the framework uses to support flexible key management.
NFT standard
WAX has a widely used native NFT standard and tooling for creating, trading, and managing collectibles directly on the base chain.
Ecosystem & usage
What WAX is used for.
WAX is used for NFT marketplaces, blockchain games, and digital collectible drops, including licensed collections from established brands.
WAX is a Layer 1 blockchain focused on NFTs, gaming, and digital collectibles. Creators and games use it to mint and trade digital assets, and its native token is WAXP.
What consensus does WAX use?
WAX uses Delegated Proof of Stake, where WAXP holders vote for block producers called guilds. It has also adopted the Savanna consensus algorithm, which adds a faster finality layer.
Do I pay a fee on every WAX transaction?
WAX uses a resource model rather than a per-transaction fee. Users stake WAXP to reserve CPU and bandwidth, and active accounts can transact without paying a fee each time.
Is WAX related to EOS?
WAX is built on the Antelope framework, the open-source codebase that grew out of EOSIO, the technology behind EOS. They share a technical lineage but are separate networks with separate tokens.
Can I hold WAXP in Zypto App?
Not yet. WAXP isn't in Zypto App at the moment. You can hold it in any self-custodial wallet, and you can ask us to add WAX using the "Request WAX" button above.
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