Latest WAX (WAXP) News Update

Deep Dive

1. @WAX_io: Deflationary Shift via PowerUp Burns 🔥

"More PowerUp = fewer tokens minted = more $WAXP burned. This shift isn’t just sustainable—it’s deflationary."
– @WAX_io (283K followers · 12.7K impressions · 2025-06-24 15:00 UTC)
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What this means: Bullish for WAXP as reduced supply from utility-driven burns (3.9% annual inflation rate cited) could tighten tokenomics if adoption grows.

2. @BitcoinWorld: Upbit Halts WAXP Deposits/Withdrawals ⚠️

South Korea’s Upbit paused WAXP transactions until post-August 7 maintenance for wallet upgrades. Trading remains live.
– @BitcoinWorld (Article dated 2025-08-05 03:00 UTC)
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What this means: Neutral-to-bearish short-term due to reduced liquidity access, but routine maintenance suggests no systemic issues. Monitor resumption timing.

3. @thenftopia: WAX Stars in NFTOPIA Metaverse Expo 🌌

WAX Blockchain headlines August’s NFTOPIA 5 convention alongside Splinterlands, offering play-to-earn showcases and NFT drops.
– @thenftopia (Event coverage 2025-08-08)
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What this means: Bullish for ecosystem visibility – 60+ exhibitors and 48-hour virtual expo could drive gaming/NFT adoption on WAX.

Conclusion

The consensus on WAXP is mixed, balancing deflationary tokenomics against exchange operational pauses and web3 gaming sector headwinds. Watch August 17 NFTOPIA engagement metrics and post-Upbit-maintenance deposit/withdrawal flows for directional cues. Does sustainable burn velocity outweigh macro gaming sector fatigue?

Deep Dive

1. Antelope Leap 5.0.3 Integration (21 Nov 2024)

Overview: WAX merged its codebase with Antelope Leap 5.0.3, inheriting performance optimizations and security patches from the broader blockchain ecosystem.

This update includes critical fixes for consensus mechanisms and resource management, improving node synchronization efficiency. The integration aligns WAX with industry-standard protocol upgrades, ensuring compatibility with cross-chain tools.

What this means: This is bullish for WAX because it strengthens network reliability for high-throughput use cases like NFTs and gaming. Developers benefit from reduced latency and improved smart contract execution. (Source)

2. Mobile SDKs Launch (19 Aug 2025)

Overview: WAX released Unity and React Native SDKs, enabling seamless integration of blockchain features (wallets, NFTs) into mobile games.

These tools abstract complex blockchain interactions, allowing developers to focus on gameplay. The SDKs support in-app asset trading and staking mechanics, targeting the fast-growing mobile gaming sector.

What this means: This is bullish for WAX because it lowers barriers for mainstream game studios to adopt Web3, potentially expanding user adoption and token utility. (Source)

3. Upbit Wallet Maintenance (5 Aug 2025)

Overview: Upbit temporarily halted WAXP deposits/withdrawals to upgrade wallet systems, improving security and transaction processing.

While not a direct codebase change, the maintenance reflects WAX’s collaboration with exchanges to ensure network integrity. The upgrades likely addressed vulnerabilities and scalability bottlenecks.

What this means: This is neutral for WAX because routine maintenance ensures liquidity safety but highlights ongoing centralization risks in exchange dependencies. (Source)

Conclusion

WAX’s codebase advancements prioritize scalability for gaming/NFT use cases while tightening security. The mobile SDKs position it to capture Web3 gaming’s next growth phase. With ecosystem activity consolidating around major chains, can WAX’s developer-friendly tooling drive sustained adoption against rivals like Solana?

Deep Dive

1. EVM Side Chain Support (Q3 2024)

Overview: WAX plans to finalize its Ethereum Virtual Machine (EVM) side chain integration, allowing developers to deploy Ethereum-native dApps on WAX with minimal code changes. This bridges WAX’s NFT-focused ecosystem with Ethereum’s liquidity and developer base.
What this means: This is bullish for WAXP as it could attract Ethereum developers seeking low-cost NFT infrastructure, potentially increasing utility and transaction volume. Delays in cross-chain security audits pose a risk.

2. Instant Finality Upgrade (Q4 2024)

Overview: The Antelope Instant Finality upgrade aims to reduce transaction confirmation times from 3 minutes to 2 seconds, critical for real-time gaming and trading apps.
What this means: Neutral-to-bullish—improved user experience could drive adoption, but competing chains (e.g., Solana) already offer sub-second finality, raising execution risks.

3. Social Cloud Wallet Features (Q4 2024)

Overview: The Cloud Wallet will integrate social features like community discovery and project collaboration, targeting NFT creators and gamers. A mobile app launch is also planned.
What this means: Bullish for user retention, as social tools could deepen engagement within WAX’s NFT/gaming niche. Success depends on seamless UX and adoption by existing dApps.

4. Tokenomics Optimization (Ongoing)

Overview: WAX is transitioning to a “pay-per-transaction” model, burning WAXP via PowerUp usage instead of inflating supply. Recent data shows a 12% reduction in circulating supply year-to-date (WAX_io).
What this means: Bullish long-term if adoption grows, as reduced supply could offset weak price action (-35.85% YoY). However, reliance on transaction volume leaves tokenomics vulnerable during bear markets.

Conclusion

WAX’s roadmap prioritizes interoperability (EVM), speed (Instant Finality), and community tools (Social Wallet) to solidify its NFT/gaming niche. While upgrades could revive developer interest, broader adoption hinges on executing against entrenched competitors like Immutable or Solana. How will WAX balance niche focus with cross-chain expansion?

Deep Dive

1. NFTOPIA 5 Expo Launch (8 August 2025)

Overview:
WAX is a headline partner at NFTOPIA 5, a 48-hour virtual expo featuring 60+ Web3 projects, NFT giveaways, and AR product launches. The event emphasizes blockchain gaming and digital art, with WAX offering attendees a chance to win 100M $WUF tokens.

What this means:
This boosts WAX’s visibility in the struggling Web3 gaming sector (Q2 daily users fell 17% industry-wide). Successful engagement could attract developers and users to its low-fee NFT infrastructure. (AMBCrypto)

2. Upbit Suspends WAXP Transactions (5 August 2025)

Overview:
South Korea’s Upbit halted WAXP deposits/withdrawals for wallet upgrades until 7 August, assuring user funds remain secure. Trading continued unaffected.

What this means:
Temporary liquidity constraints on Upbit (3.8% of WAXP’s $3.24M daily volume) may cause minor volatility, but the maintenance aligns with exchanges prioritizing security post-2024 hacks. (CoinMarketCap)

3. GENIUS Act Implications (3 August 2025)

Overview:
William Quigley, WAX co-founder, noted the U.S. GENIUS Act legitimizes stablecoins but allows traditional systems, potentially slowing blockchain-based financial tokenization.

What this means:
Neutral for WAX short-term, as the law focuses on payments, not NFTs/gaming. Long-term, clearer regulations could aid institutional adoption of WAX’s ecosystem. (crypto.news)

Conclusion

WAX is leveraging events like NFTOPIA to offset Web3 gaming’s downturn while navigating regulatory shifts. With its price down 36% YoY, can partnerships and a deflationary token model (3.9% inflation rate) revive momentum? Watch post-expo user metrics and Q3 gaming activity.