WAX Vs EOS: Are These Blockchains Competitive or a Good Pair

WAX and EOS offer an innovative approach to record-keeping, offering fast and cheap tokenization for multiple P2E games.

WAX and EOS are two blockchains with quite different features from the likes of Ethereum. Those networks have existed for years, created for specific purposes. In 2021, it became clear both networks were highly suitable for P2E games. 

Play2Moon compares the features and games available to find the optimal approach to game earnings. 

WAX vs. EOS: Use Cases

WAX was a blockchain purpose-built for gaming. The chief idea was to serve as a marketplace for in-game assets. WAX remains one of the speediest networks, using known delegates to verify transactions. WAX uses accounts instead of private keys and resembles the principle of V-Bucks or other in-game currencies. 

EOS was created with the goal of speeding up transactions. EOS was the third iteration of speedy networks using a known pool of validators. Over the years, EOS had multiple use cases as a payment coin, as well as for various projects. Some games decided to choose EOS as their carrying network. As with WAX, EOS has accounts with user names in addition to a wallet. 

WAX vs. EOS: The Tokens

WAX was a purpose-built token with a habitually low per-unit price and a high supply. WAX network carries more than 3.8B tokens, and has significant representation on exchanges. WAX trading is relatively low-key and the asset is less often used for pumps and speculation. Still, WAX is very accessible for purchase from Binance and other exchanges. 

EOS started its history as an Ethereum-based token. Over the course of a year, the assets were distributed in an auction where EOS reached valuations near $20. Later, EOS fell to its current levels around $2.60 in 2022. EOS has a supply of just under 1B tokens in circulation. Due to its high-profile launch in 2017, EOS  is widely represented on exchanges and can be easily bought for fiat through Changelly. EOS may require the usage of a desktop wallet like Exodus before joining a game or transferring a balance.

WAX vs. EOS: Blockchain Capacity

WAXP habitually carries more than 26M transactions per day. The chain’s limit is much higher compared even to the fastest networks, and that traffic is considered real and tied to the games built on WAXP. 

EOS is in the top 5 of games and carries around 1.9M transactions per day, from both decentralized apps, trading, general transfers and a list of leading P2E games like Uplands.

Both networks have negligible fees for normal transactions and are not limited by periods of high fees.

WAX vs. EOS: Which One to Choose

Both WAX and EOS carry one of the leading P2E games in terms of speed and easy access. Wombat Dungeon Master offers a choice between the two networks. 

EOS offers an experience more suited to those experienced with crypto wallets. WAX network has a different selection of games a bit apart from other P2E offers and works in a more intuitive manner like a profile in a gaming network. WAX also focuses on NFT and in-game items that are also specific to the platform and rely on its rather isolated community. EOS is thus a bit more tradable.

Ultimately, those two chains are not competing and may in fact look similar, creating some confusion. The best approach is to research specific games and choose the more suitable network for specific occasions.

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