BENQI Liquid Staked AVAX
SAVAXA liquid staking token for Avalanche.
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About BENQI Liquid Staked AVAX
Analysis of 16 Feb 2026sAVAX is BENQI's liquid staking token representing staked AVAX on the Avalanche network. Trading at $11.06 with a market cap of $208.9M as of February 16, 2026, BENQI maintains leadership in Avalanche liquid staking with 18.88M sAVAX circulating supply.
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The protocol delivers 7.65% average staking APY with zero deposit/withdrawal fees, charging only a 10% performance fee on validator rewards. sAVAX automatically accrues staking rewards while maintaining DeFi composability across Aave V3, Trader Joe, and Platypus. VanEck's AVAX ETF (VAVX) launched January 26, 2026, holding $3.73M in assets with potential to stake up to 70% of AVAX holdings.
MapleStory Universe surpassed 100 million on-chain transactions on its Avalanche-based Henesys L1 blockchain just six months post-launch, demonstrating gaming ecosystem strength. The planned Q2 2026 RWA platform launch will enable tokenized real estate, commodities, and Treasuries as collateral, positioning BENQI to bridge traditional finance with decentralized liquid staking despite current market weakness.