WAVAX
Wrapped AVAX
Wrapped AVAX
WAVAX
Wrapped AVAX Price Converter
Wrapped AVAX Information
Wrapped AVAX Markets
About Wrapped AVAX
Wrapped AVAX (WAVAX) is an ERC-20 token that represents AVAX on a 1:1 basis, enabling its use within Ethereum-compatible DeFi applications. Developed by Ava Labs, WAVAX enhances the interoperability and utility of AVAX across different blockchain ecosystems.
Wrapped AVAX (WAVAX) is an ERC-20 token that represents AVAX, the native asset of the Avalanche blockchain, on a 1:1 basis. It is designed to enable AVAX to be used seamlessly within decentralized applications (dApps) and smart contracts that require ERC-20 compatibility, particularly on Avalanche’s C-Chain. This wrapping process allows AVAX to interact with a broader range of DeFi protocols and services that support the ERC-20 standard.
DeFi Integration: WAVAX enables AVAX holders to participate in various DeFi activities, such as lending, borrowing, and liquidity provision, on platforms that support ERC-20 tokens
Cross-Chain Compatibility: By conforming to the ERC-20 standard, WAVAX facilitates interoperability between Avalanche and Ethereum-based platforms, allowing for broader use across different blockchain ecosystems.
Real-World Payments: WAVAX can be used for everyday transactions through the Avalanche Card, which supports payments at Visa merchants globally, bridging the gap between DeFi and traditional finance.
WAVAX was developed by Ava Labs, the team behind the Avalanche blockchain. The implementation is based on the canonical Wrapped Ether (WETH) contract, adapted to wrap AVAX tokens. The smart contract for WAVAX is publicly available and maintained on Ava Labs' GitHub repository.
