Wrapped AVAX is a claim on another asset, not an asset of its own. Its value is the thing held against it, which is already counted in the ranking — so it is listed here and left out of the total.
| CoinSpectrum Grade | D · 41/100 · provisional |
|---|---|
| Type | Wrapped asset |
| Class | Crypto-pegged |
| Backing | IOU |
| Custody | Non-custodial — backing held by contract |
| Market capitalisation | $157M |
| Price | $8.86 |
| Circulating supply | 17,740,600 WAVAX |
| Issued on | 1 chain |
Market data rebuilt every six hours; this build 28 October 2026. Live prices on the ranking.
D — 41 out of 100, provisional (from 6 of 10 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 25 to 65 (E to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms | 4.3 | group average |
| Host chain | 6.7 | Issued on Avalanche (B, 67/100) |
| Asset class (below every coin family) | 1.8 | Wrapped and staked claims: below every native coin family on the consensus ladders, 1.8 of 10 by largest asset and 1.8 by combined market cap |
| Network security | 0 | No network of its own: secured by its host chain, scored above |
| Decentralisation | 0 | group average, 1 of 4 measured |
| Minting and supply (who can mint more) | 0 | The issuer or custodian mints it and can usually freeze it |
| Premine (pre-issued at launch) | — | Backed by reserves or a locked asset; no allocation to measure |
| Fundraising | — | Not applicable to a claim on reserves |
| Holder concentration | — | Not yet measured |
| Supply & Demand | 8 | group average |
| Supply & Demand | 6.1 | average of 3 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 7.6 | $59,574,351 traded in 24 hours; #42 by volume |
| Turnover (volume ÷ market cap, 5% a day: 10) | 5.3 | 38% of its market cap a day |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | – | no order book on the nine exchanges read |
| Market cap ($1M 0, $10B or more 10) | 5.5 | $157M, 5.5 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | – | not measured |
| Supply (smaller is better) | 9.9 | no fixed maximum; 17.7 million in circulation |
| Record (origin, claims, halts) | — | Not yet reviewed |
Ten criteria, weighted equally — for a token, the host chain replaces the developer share, the asset class stands in for the consensus ladders, and who can mint more for the Cryptocurrency Standards. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
It is issued on one chain. Linked names are chains that are themselves cryptocurrencies with a page here.
CoinSpectrum counts an asset once. Its value is another asset, and that asset is already in the ranking. Counting both counts the same thing twice, which is how other rankings arrive at totals in the thousands. The methodology states the rule, and the argument for it is set out in full.
Listed, not hidden. The point is that it is measured as what it is.