WAVAX/USD price feed
WAVAX is the form AVAX takes the moment it enters Avalanche's DeFi economy. On this network the wrapped version is not a workaround, it is the default working currency of pools, vaults, plus lending books.
Aggregate on-chain rate: hourly view of the last 3 days. The API itself updates block by block. Request API access
Book composition · auto-observed
The biggest pool holds more than half of this book at present; a handful of smaller ones share the remainder.
The practical AVAX rate
On Avalanche, native AVAX mostly pays for gas. Nearly everything else, providing liquidity, posting collateral, routing a swap, happens in WAVAX. The ecosystem standardized on the wrapper early, so the wrapper is where the asset's on-chain life is lived.
For anyone holding an on-chain position, that makes the WAVAX market rate the practical AVAX rate. A vault denominated in WAVAX gains or loses value at the price WAVAX pools clear, whatever a global composite might say in the same moment.
ML Data measures that clearing price from Avalanche's own liquidity. It is the number an on-chain position would actually realize.
Who runs on this rate
Vaults holding WAVAX
Strategies that accumulate WAVAX need to mark holdings at the rate their exit liquidity offers.
Lending markets on Avalanche
Collateral posted as WAVAX should be valued at the price local pools pay, since that is where liquidations execute.
Where the WAVAX market lives
Active WAVAX/USD pools per chain, as observed by the feed on 2026-10-27.
WAVAX in the catalog
3 pairs, each computed from its own pools with the same methodology:
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