What is WAX? ($WAXP)
At its core, WAX represents an interconnected ecosystem of online marketplaces, games, and unique digital goods called ‘Non-Fungible Tokens’ (NFTs).
Every action on the WAX platform, including the creation and sale of NFTs, is recorded on an independently verified, immutable ledger called a blockchain.
The WAX blockchain was purpose-built with eCommerce in mind -- It utilizes a unique verification protocol to maintain fast and zero-cost transactions.
All transactions on the WAX blockchain are priced in units called WAXP, which can be bought and sold for USD using a cryptocurrency exchange. 1 WAXP = ~$0.38
Cryptocurrency-related chatter surrounding WAX and WAXP shows a strong uptrend in adoption, with Mentions trending +107% QoQ and +1132% YoY (30d moving average).
WAX already boasts an incredibly robust userbase, with more than 6 million WAX cloud wallet accounts, 555,000 daily active users, and 17 million daily transactions.
This blockchain has a lot of special features that help it stand out from the crowd and adoption is surging.
Be on the lookout for a deeper analysis of this promising project in the near future.