What BENQI Liquid Staked AVAX is
BENQI Liquid Staked AVAX (SAVAX) is a liquid-staking / restaking derivative token, currently ranked 362nd by market capitalization among the assets we track. BENQI Liquid Staked AVAX lets stakers have it both ways — yield from securing a network, plus liquidity to use the position elsewhere in DeFi. The token accrues value as the staking rewards beneath it compound.
BENQI Liquid Staked AVAX (SAVAX) is a token representing staked AVAX assets on the BENQI platform, allowing users to earn rewards while maintaining liquidity through trading. It serves as a bridge between staking and DeFi, enhancing user flexibility.
How the yield and peg work
Holding BENQI Liquid Staked AVAX is holding staking yield in liquid form. The main risks are the staking provider's smart contracts and any divergence between the token's market price and the redeemable value of the stake.
Background & fundamentals
In sector terms it is most often filed under Avalanche (AVAX) Token.
Where BENQI Liquid Staked AVAX sits in the market
With SAVAX near $8.20, BENQI Liquid Staked AVAX carries a market capitalization of $52.14M. Around $17.63K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.03% of the float — on the quieter side, which can mean thinner liquidity for large orders.
BENQI Liquid Staked AVAX carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. SAVAX remains -99% beneath its all-time high of $1,600, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
The tape currently reads 24-hour -3.83%, 7-day -6.01%.
Volatility profile
Recent action puts BENQI Liquid Staked AVAX in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual.
How to evaluate a liquid-staking token like BENQI Liquid Staked AVAX
The honest checklist for SAVAX is short:
- Peg to underlying — whether SAVAX trades close to the value of the stake it represents.
- Provider risk — the smart-contract and validator risk of the staking protocol behind SAVAX.
- Yield and unlocks — the staking yield and how withdrawal queues behave under stress.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
