Latest WAX (WAXP) News Update

Deep Dive

1. Ranked Among Notable Web3 Apps (9 January 2026)

Overview: An industry analysis of the top Web3 consumer applications in 2026 ranked platforms by daily active usage and retention, explicitly excluding token price. While Immutable and Ronin led, WAX was highlighted as a "notable project" that remains important but lacks the consistent daily usage or execution to break into the top six. What this means: This is neutral for WAXP. It confirms the chain's relevance in the Web3 gaming and NFT space, but also underscores its challenge in achieving breakout, sustained consumer adoption compared to sector leaders. (XT.com)

2. WAX RNG v3.2 Upgrade Launches (24 November 2025)

Overview: The WAX team launched version 3.2 of its Random Number Generator (RNG), a core utility for gaming and dApps. The update introduced adaptive staking and a new "CPU-style" token bucket system designed to make randomness requests fairer during high network load and easier for developers to sponsor. What this means: This is bullish for WAXP as it represents meaningful technical progress. Improving core infrastructure enhances the developer experience and utility of the chain, which could support more sophisticated and fair applications being built on WAX. (WAX)

3. Study Reveals On-Chain Freezing Capability (13 November 2025)

Overview: A security report from Bybit's Lazarus Lab analyzed 166 blockchains and found 16, including WAX, possess on-chain asset-freezing capabilities. WAX was categorized under "configuration-based freezing," where a set of validators or a foundation can lock users' funds. What this means: This is bearish for WAXP's narrative. While such mechanisms can be used for security (e.g., recovering stolen funds), they directly challenge the principle of censorship-resistant decentralization, potentially affecting investor and developer perception of the network's neutrality. (Bitcoinist.com)

Conclusion

WAX's recent narrative is a mix of solid technical upgrades and sobering market realities, set against a backdrop of broader industry scrutiny. Can its improved infrastructure and recognized utility translate into the user growth needed to overcome its current competitive and perceptual hurdles?

Deep Dive

1. @WAX_io: Pivoting to a deflationary, usage-driven model bullish

"📉 Supply Down. Utility Up. More PowerUp = fewer tokens minted = more $WAXP burned. This shift isn’t just sustainable—it’s deflationary." – @WAX_io (267K followers · 30.2K likes · 2025-06-24 15:00 UTC) View original post What this means: This is bullish for WAXP because the team is actively transitioning from an inflationary staking model to a system where real network usage (PowerUp) burns tokens, potentially creating long-term scarcity and value accrual.

2. Upbit & Gate.io: Exchange maintenance and futures delisting bearish

Upbit suspended WAXP deposits/withdrawals for wallet upgrades in August 2025 (CoinMarketCap), and Gate.io delisted the WAXP perpetual futures contract in September 2025 (Gate.io). What this means: This is bearish for WAXP as it highlights operational friction; temporary exchange suspensions limit liquidity access, while delistings can reduce trading avenues and signal lower institutional or platform support.

3. Bybit Report: On-chain freezing capability raises centralization concerns bearish

A November 2025 Bybit study categorized WAX as having "configuration-based freezing" capabilities, where validators or foundations can lock user assets (Bitcoinist). What this means: This is bearish for WAXP because it challenges a core blockchain tenet of decentralization, potentially deterring users who prioritize censorship-resistant assets and raising questions about network control.

Conclusion

The consensus on WAXP is mixed. The core narrative is bullish, driven by the project's deliberate pivot toward a deflationary economic model designed to reward real usage. However, this is tempered by bearish operational realities, including exchange disruptions and a industry report that flags potential centralization risks. Watch the burn rate from PowerUp activity to gauge if the deflationary mechanics are gaining meaningful traction.

Deep Dive

1. System Contracts Bump to v3.3.0 (10 February 2026)

Overview: This update increments the version number of WAX's core system contracts. It's a maintenance release that keeps the network's foundational software aligned with underlying protocol improvements, ensuring stability and compatibility for all applications.

The change is listed as a simple version bump in the activity log, indicating it likely incorporates upstream updates from the Antelope (Leap) protocol that WAX is built upon. Such updates typically include bug fixes, performance optimizations, and security patches that are essential for network health.

What this means: This is neutral for WAXP as it represents essential upkeep rather than a new feature. It helps ensure the blockchain runs smoothly and securely for games and NFT marketplaces, preventing potential technical issues. (Source)

2. Adjusted Producer Pay & Savings Allocation (10 February 2026)

Overview: This commit changes how newly minted WAXP tokens are distributed from network inflation. It specifically allocates 3/10 of the inflation to block producer (validator) rewards and another 3/10 to the community savings fund.

This adjustment directly tweaks the blockchain's economic parameters. It can influence validator incentives and the amount of tokens reserved for ecosystem grants and development funding managed by the community.

What this means: This is potentially bullish for WAXP because it could better incentivize validators to secure the network. A healthy savings pool also funds future projects, supporting long-term ecosystem growth. (Source)

3. Testnet Deployment Fix for Global State (4 January 2026)

Overview: This fix resolved a technical hurdle related to deploying contracts with a specific "global4" state on the WAX testnet. It ensures developers can test their applications accurately before launching on the main network.

The update involved using a "binary extension" to handle the deployment correctly. This is a low-level technical fix that removes a blocker for developers building on WAX, making the test environment more reliable.

What this means: This is bullish for WAXP as it improves the developer experience. Smoother testing leads to more robust dApps and games launching on WAX, which can drive user adoption and network activity. (Source)

Conclusion

The latest codebase updates reveal a focus on foundational stability, economic fine-tuning, and developer tooling—a balanced approach to maintaining a healthy blockchain ecosystem. Will these under-the-hood improvements translate into stronger developer adoption and user growth in the coming months?

Deep Dive

1. Mobile Cloud Wallet Launch (2026)

Overview: The WAX team confirmed in late 2024 that Android and iOS versions of Cloud Wallet were in development (WAX). This launch, anticipated in 2026, aims to let users sign transactions directly from mobile apps, reducing desktop dependency. It’s a key step for gaming, where mobile engagement is high.

What this means: This is bullish for WAXP because it lowers entry barriers for millions of mobile-first users, potentially boosting daily active wallets and transaction volume. However, adoption depends on seamless integration with popular dApps and games.

2. Cross-Chain NFT Bridge Expansion (2026)

Overview: The existing WAX-TON bridge, which currently supports $WUF tokens, is slated to expand its functionality to include NFTs from chains like Solana and Base (WAX). This upgrade will enable seamless asset transfers, making WAX a hub for multi-chain NFT liquidity.

What this means: This is bullish for WAXP because it enhances WAX’s utility as a “network of networks,” attracting users and assets from other ecosystems. The risk is that competing bridges or chain-specific liquidity might limit initial usage.

3. Sidechain Mainnet Deployment (2026)

Overview: Initially launched on testnet, sidechain support is a core scaling solution to handle WAX’s high transaction throughput (40–50 million weekly). The mainnet launch, expected in 2026, will allow applications to deploy on dedicated chains, keeping the main chain fast (WAX). EVM compatibility is also being explored as a sidechain option.

What this means: This is bullish for WAXP because it enables horizontal scaling, supporting more dApps and complex games without congestion. The bearish angle is that technical complexity could delay deployment, and developer adoption may be slow if tooling is insufficient.

4. Power Up Model & Tokenomics Refinement (2026)

Overview: The Power Up model, introduced to shift from inflation to a burn-based, pay-per-transaction system, is under review for adjustments (WAX). Potential tweaks include resource-cost changes or incentives for long-term participation, aiming to strengthen WAXP’s deflationary mechanics and utility.

What this means: This is neutral to bullish for WAXP because successful refinements could increase token demand and reduce sell pressure. However, poorly received changes might not spur the needed adoption, leaving the model underutilized.

Conclusion

WAX's 2026 roadmap focuses on enhancing accessibility through mobile wallets, boosting interoperability via cross-chain bridges, and ensuring long-term scalability with sidechains—all while refining its tokenomics for sustainable growth. Will these infrastructure upgrades be enough to attract developers and users amid a consolidating web3 gaming market?