Latest WAX (WAXP) News Update

Deep Dive

1. @WAX_io: Deflationary Model Gains Traction 🟢

"More PowerUp = fewer tokens minted = more $WAXP burned. This shift isn’t just sustainable—it’s deflationary."
– @WAX_io (Official account · 24 June 2025 · 3:00 PM UTC)
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What this means: Bullish for WAXP as reduced supply (3.9% inflation rate) could counter 90-day -15.46% price decline if adoption accelerates.

2. @BitcoinWorld: Upbit Suspension Raises Eyebrows 🔴

South Korea’s Upbit suspends WAXP deposits/withdrawals until post-August 7 maintenance, citing wallet upgrades.
– BitcoinWorld (5 August 2025 · 3:00 AM UTC)
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What this means: Bearish short-term due to reduced liquidity access, though operational impact appears limited to wallet infrastructure updates.

3. @thenftopia: NFTOPIA 5 Metaverse Spotlight 🟢

WAX joins Splinterlands/WUFFI as core exhibitor at August’s virtual expo, featuring NFT drops and 100M $WUF prize pool.
– AMBCrypto (8 August 2025 · 12:00 AM UTC)
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What this means: Neutral-bullish catalyst – event could revive NFT/gaming activity but competes with broader Web3 gaming’s -17% Q2 user decline.

4. @DappRadar: Gaming Sector Contraction Mixed 🟠

WAX leads in Q2 transaction volume despite sector-wide unique active wallets dropping to 4.8M (-17% QoQ).
– TokenPost (11 July 2025 · 6:37 AM UTC)
View report
What this means: Mixed – demonstrates chain resilience but tied to underperforming vertical; WAXP down -33.43% YoY aligns with sector struggles.

Conclusion

The consensus on WAXP is mixed, balancing deflationary tokenomics against gaming sector contraction and exchange disruptions. Watch August 7 Upbit resumption volumes and NFTOPIA 5 engagement metrics – sustained transaction activity above 3M/day (current: ~3.16M) could signal turnaround potential amid broader market neutrality (Fear & Greed Index: 44).

Deep Dive

1. EVM Side Chain Expansion (Q3 2024)

Overview:
WAX plans to launch Ethereum Virtual Machine (EVM) side chains, enabling developers to deploy Ethereum-native dApps on WAX with minimal code changes. This initiative, part of the 2024 roadmap, aims to attract Ethereum developers and leverage WAX’s low fees (~$0.0001 per transaction) and scalability (10,000+ TPS).

What this means:
Bullish for WAXP as EVM compatibility could increase developer activity and cross-chain liquidity. However, adoption depends on incentivizing Ethereum builders to migrate, a competitive challenge given Layer 2 alternatives.

2. Instant Finality Upgrade (Q4 2024)

Overview:
The Antelope Instant Finality upgrade will reduce transaction confirmation times from 3 minutes to 2 seconds, addressing a key pain point for gaming and DeFi apps. This technical milestone, confirmed in the 2024 roadmap, aligns with WAX’s focus on real-time Web3 experiences.

What this means:
Neutral-to-bullish. While faster finality improves usability, WAX must demonstrate tangible adoption from high-throughput dApps post-upgrade to justify the engineering investment.

3. Social Cloud Wallet Features (2024)

Overview:
WAX’s Cloud Wallet will integrate social features like community discovery and cross-chain NFT management, per the 2024 roadmap. The mobile app (launched June 2025) already supports iOS/Android, with 42.8K downloads in Q2 2025.

What this means:
Bullish for user retention. Social tools could deepen engagement among WAX’s 18M+ registered accounts, though success hinges on seamless UX and viral loop design.

Conclusion

WAX’s roadmap prioritizes technical scalability (EVM chains, instant finality) and user-centric tools (Social Wallet), aiming to solidify its niche in NFT-heavy gaming and digital collectibles. With the broader Web3 gaming sector down 17% in active users YoY (DappRadar, July 2025), can WAX’s infrastructure upgrades reverse its -30.6% annual price trend? Monitor developer migration rates and daily active wallets post-upgrades for signals.

Deep Dive

1. NFTOPIA 5 Metaverse Convention (8 August 2025)

Overview:
WAX is a headline partner at NFTOPIA 5, a 48-hour virtual expo featuring 60+ Web3 exhibitors. The event includes NFT drops, AR product launches, and a 100M $WUF token giveaway. WAX’s involvement highlights its focus on gaming and digital collectibles.

What this means:
This exposure could attract new users and developers to WAX’s ecosystem, though the impact depends on post-event engagement metrics. (AMBCrypto)

2. Upbit CRO/WAXP Suspension (5 August 2025)

Overview:
Upbit paused WAXP deposits/withdrawals for wallet upgrades, citing security enhancements. Trading remains active, but the suspension risks short-term liquidity dips for South Korean traders.

What this means:
Routine maintenance rarely alters long-term trajectories, but repeated disruptions could erode trader confidence in WAXP’s exchange reliability. (CoinMarketCap)

3. Bitvavo Staking Rate Updates (4 August 2025)

Overview:
Bitvavo’s revised staking program offers 3.9% APY for WAXP under “Flex” staking—lower than leaders like LPT (10.1%) but competitive given WAX’s deflationary tokenomics.

What this means:
Moderate yields may stabilize holding behavior but lack the allure to drive significant new capital inflows. (Bitvavo)

Conclusion

WAX continues pushing gaming/metaverse adoption while navigating exchange hiccups and middling staking appeal. Will NFTOPIA’s buzz offset tightening Web3 gaming funding? Monitor Q3 user growth and WAXP burn rates post-PowerUp upgrades.

Deep Dive

1. Legacy CDT Maintenance (Oct 2019)

Overview: WAX’s Contract Development Toolkit (CDT) repository shows no activity since October 2019, suggesting reliance on legacy tooling for smart contract development.

The WAX-CDT repository includes tools like eosio-cpp for compiling WebAssembly contracts but lacks recent commits or version updates. Docker images and build scripts remain unchanged since 2019, potentially limiting compatibility with modern blockchain standards.

What this means: This is neutral for WAXP because while the toolkit remains functional, the absence of updates raises questions about long-term developer support and innovation in core infrastructure. (Source)

2. Mobile SDK Expansion (July 2025)

Overview: WAX released Unity and React Native SDKs to streamline mobile game development with built-in wallet/NFT integration.

These tools abstract blockchain complexity, letting developers embed WAX wallets, token transfers, and NFT minting directly into mobile apps. The move targets gaming studios seeking frictionless Web3 onboarding.

What this means: This is bullish for WAXP because mobile-first adoption could expand user bases and transaction volume, though success depends on third-party game adoption. (Source)

3. Ecosystem Incentives (June–July 2025)

Overview: WAX Labs introduced bounties (up to $10K in WAXP) to onboard games and improve DeFi visibility via platforms like DEXTools.

These initiatives aim to attract developers and liquidity by subsidizing integrations. For example, the DEXTools bounty focuses on real-time trading metrics to enhance WAX’s DeFi credibility.

What this means: This is neutral for WAXP because while incentives may spur short-term activity, sustained growth requires organic demand rather than subsidized projects. (Source)

Conclusion

WAX’s recent developments emphasize ecosystem growth via mobile gaming and developer incentives, but core protocol updates remain stagnant. With its CDT toolkit unchanged since 2019, how will WAX balance infrastructure modernization against application-layer expansion?