What is BENQI Liquid Staked AVAX?

BENQI Liquid Staked AVAX (SAVAX) is an altcoin currently ranked 358th by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.

Market position

At the current price of $8.50, BENQI Liquid Staked AVAX carries a market capitalization of $54.05M. Daily trading volume across exchanges sits at roughly $1.22K. That works out to a 24-hour turnover of about 0.00% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.

Price action across timeframes

Over the past 24 hours, BENQI Liquid Staked AVAX has moved +7.35%; over the past week, BENQI Liquid Staked AVAX has moved -25.08%.

Cycle position

BENQI Liquid Staked AVAX is currently trading far below its all-time high (all-time high of $1,600, -99.5% from peak). .

Supply & dilution

The circulating supply stands at 6,356,748 SAVAX. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts BENQI Liquid Staked AVAX in the High-volatility bucket. The asset has been actively trading, with daily moves that would be unusual in traditional equities.

How to evaluate BENQI Liquid Staked AVAX

A balanced read on SAVAX typically considers three lenses:

  • Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
  • Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
  • Comparable assets — how is SAVAX performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

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. Source: CoinPaprika.com