# WAX (WAXP): D-Score 44/100 — Moderately Decentralized

**BlockIndex D-Score: 44/100 (Moderately Decentralized).** WAX (WAXP) is a Layer 1 cryptocurrency using DPoS consensus. WAX (WAXP): EOS-compatible DPoS Layer-1 blockchain optimized for NFTs, gaming and low-latency commerce with sub-second blocks.

_Source: https://blockindex.ai/coin/waxp · Data by BlockIndex.AI · Updated 2026-06-19_

## D-Score breakdown (0-100, higher means more decentralized)
| Component | Score |
| --- | --- |
| Overall D-Score | 44 |
| Node distribution | 5 |
| Initial distribution | 0 |
| Governance | 21 |
| Age and history | 13 |
| Autonomy | 5 |

## Key facts
- Layer: Layer 1
- Consensus: DPoS (N/A)
- Launch: Fair Launch (2017)
- Founder: William Quigley (Co-founder); Jonathan Yantis (Co-founder, COO)
- VC funded: No
- Max supply: N/A
- Circulating: 4,606,496,717

## Market data (as of 2026-06-19)
- Price: $0
- Market cap: $19.37M
- 24h volume: $969,279.58
- 24h change: -3.48% · 7d change: -7.87%

## About
WAX (Worldwide Asset eXchange, WAXP) is a purpose-built, EOS-compatible Layer-1 blockchain launched in 2017 and optimized for NFT, gaming and web3 commerce use-cases. Its founding team, led publicly by co-founders William Quigley and Jonathan Yantis, positioned WAX as a developer- and consumer-focused platform that prioritizes low-latency, high-throughput transaction processing and an accessible end-user experience. Rather than targeting general-purpose DeFi first, WAX concentrates on the needs of marketplaces, studios and brands — providing tooling such as the WAX Cloud Wallet, SSO/OAuth integration, a developer portal, and on-chain services like a randomness oracle and native bridge mechanisms to Ethereum to enable liquidity flows (WAXE/WAXG bridge model). The project emphasizes streamlined onboarding for creators and consumers with low friction user flows and economic models that subsidize user-facing fees.

Technically, WAX is an EOS-compatible delegated proof-of-stake (DPoS) chain that relies on elected block producers (WAX guilds) to produce blocks and secure the network. The protocol operates with sub-second block times (approximately 500 milliseconds) and advertises very high throughput capacity (promotional metrics indicate tens of millions of transactions per day). WAX’s architecture is account-based, follows EOS-style semantics for smart contracts and dApp portability, and includes native services intended to support gaming mechanics — notably an RNG service and bridging components that connect on-chain assets to Ethereum and other chains. Governance is implemented via token-holder voting for block producers and incentive allocations; staking and voting mechanics drive reward distribution and selection of guilds.

In terms of tokenomics and economic design, WAXP is the native currency of the WAX blockchain and coexists with bridged ERC-20 representations (WAXE) and governance/distribution tokens (WAXG) used in particular incentive mechanisms. Supply snapshots in the source materials vary: one recent snapshot shows circulating supply around 4.51B WAXP while other historical data indicate earlier circulating and maximum supply figures (e.g., snapshots from 2021). Market data included in the combined inputs show a spot price near $0.00771 (snapshot), a market capitalization around $34.8M, 24-hour volume in the millions, and an all-time high pre-validated value of $1.08 on 2018-01-26. Staking is actively promoted as an economic lever with advertised APY figures (~8% in source material) and additional mechanics such as burning WAXP to mint or bridge WAXE/WAXG that influence token flows and governance incentives.

Governance on WAX is rooted in DPoS mechanics with token-based voting for block producers and participatory economics that attempt to align developer, marketplace and community incentives. The project presents as a corporate-backed ecosystem (WAX / WAX Labs branding appears on official channels), while decision-making for block producer selection and reward distribution is enacted through token-holder voting. The project’s ecosystem roadmap and recent activity (2024–2025) emphasize enterprise partnerships (AWS integration, Epic Games Store distribution, Amazon Prime Gaming collaborations), continued product launches (mobile Cloud Wallet in 2025), RNG service upgrades and cross-chain liquidity efforts. Taken together, WAX’s focus on tooling, sub-second confirmations and marketplace-friendly features positions it as a verticalized L1 for NFTs and games; tradeoffs include the centralization vectors associated with DPoS governance, bridge risk for cross-chain flows, and supply/messaging inconsistencies across snapshot sources that require direct on-chain or explorer verification for precise token metrics.

## Links
- Website: https://www.wax.io/
- Whitepaper: https://github.com/worldwide-asset-exchange/whitepaper
- GitHub: https://github.com/worldwide-asset-exchange/whitepaper

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore