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    $SAVAX On Avalanche Dex

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    Flipside AI

    BENQI's liquid staking token sAVAX has experienced explosive growth, reaching $1.74 billion in total trading volume with nearly 395,000 transactions. WAVAX dominates the sAVAX swap landscape, accounting for over 94% of token exchanges with 827.5 million USD in volume and 198,248 transactions. Trader Joe V2 has emerged as the leading decentralized exchange, processing 110,732 sAVAX transactions and $587.7 million in volume, while attracting 5,824 unique swappers with an average transaction size of $3,317.

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    $SAVAX METRICS

    sAVAX on Avalanche DEX

    BENQI Liquid Staked AVAX (sAVAX) is the token that users receive when staking their AVAX on BENQI Liquid Staking (BLS). It is a tokenized version of staked AVAX and accrues interest through Avalanche staking rewards.

    The price of sAVAX increases relative to the total amount of AVAX staked (including accrued AVAX rewards) in the pool.

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