Trading activity:
Reported 24-hour volume equals 0.19% of market capitalization. The local markets snapshot lists LFJ V2.2 (Avalanche), Pharaoh Exchange and Blackhole V3 among venues with observed trading activity.
Values are descriptive and should be read together rather than as a price forecast.
Read the YearBull methodology.
Snapshot date: 2026-09-15.
Methodology responsibility:
YearBull’s analytical methodology and presentation rules are developed and maintained by
Alan Zelvin, Founder & Lead Crypto Researcher.
This note identifies responsibility for the methodology; it does not attribute authorship of this data snapshot.
What is BENQI Liquid Staked AVAX (SAVAX)?
BENQI Liquid Staking is the first liquid staking protocol for Avalanche. Users stake AVAX with BENQI, and receive sAVAX, an interest bearing version of AVAX. This allows users to earn both the rewards for securing the Avalanche network and from the world of DeFi.
Official links and contract records appear in Key Facts. Project details can change, so verify current information with the project.
BENQI Liquid Staked AVAX (SAVAX) FAQ
How does BENQI Liquid Staking represent staked AVAX?
The project states that users stake AVAX through BENQI and receive sAVAX in return. It presents sAVAX as an interest-bearing version of AVAX, allowing users to hold a token that represents their participation in the liquid-staking process rather than receiving only a conventional staking position.
What reward streams does the project associate with sAVAX?
BENQI says sAVAX can provide access to two potential reward sources: rewards linked to helping secure the Avalanche network and opportunities from decentralized finance. The project frames this combination as a way for users to retain a liquid token while pursuing staking-related returns and participating in broader DeFi activity.
Why does BENQI describe its staking model as liquid?
The liquid-staking model is presented as a way to receive sAVAX after staking AVAX, rather than leaving the user with only the originally deposited asset. This structure is intended to give the staked position a tokenized form that can remain usable within the DeFi ecosystem, although the specific integrations and transaction conditions are not stated.
Which ecosystem does BENQI Liquid Staking target?
BENQI Liquid Staking is positioned for the Avalanche ecosystem. The project says its service enables users to stake AVAX, the network’s native asset, while receiving sAVAX. Its stated focus therefore combines Avalanche network participation with access to decentralized-finance activity connected to that ecosystem.
How does the project characterize its place in Avalanche liquid staking?
BENQI describes its liquid-staking protocol as the first of its kind for Avalanche. This is a claim made by the project and is not independently established here. The stated model centers on converting staked AVAX into sAVAX, an interest-bearing token intended to preserve a liquid representation of the staked position.
BENQI Liquid Staked AVAX historical signal analysis
YearBull has 32 daily observations for this comparison, from 2025-12-30 through 2026-02-04. 30 day return -29.7%. The available 30 day observation is negative.
The latest record places the asset at YearBull Rank #3,030, Bull Score 32/100, Risk Low, and Cycle Early. Rank moved lower by 1,057 places from the closest stored 30 day comparison. Across the stored window, Bull Score averaged 47.9 and was at least 50 on 62.5% of observations.
Median absolute day to day price movement was 2.10%. The latest price is -32.1% from the highest local daily price in this window. Reported 24 hour volume equals 0.23% of current market capitalization. Circulating supply changed 0.0% across the available supply window. These measurements describe observed behavior and do not establish future direction.
Current YearBull Rank for benqi-liquid-staked-avax: #8385.
Rank timeline (last 365 days)
Rank movement (nearest daily data).
Reading rule: lower numbers mean higher placement.
7d window: no reference point available.
30d window: no reference point available.
Risk framing: a calm line with small steps can be healthier than spikes. If the last week is quiet, the current rank is usually easier to trust.
Cycle placement: in rotations, improving rank can happen without price leadership. If the line breaks range, confirm with more than one week.
Orderflow context: stable placement often correlates with stable participation. If the line drifts, liquidity may be gradually shifting.
Exchange footprint: fragmentation can make rank more reactive. If the line range widens, access or routing may be changing.
YearBull Rank is a relative placement score used on YearBull to compare a coin against peers within the same dataset. A smaller rank number indicates a stronger position at that moment. Treat it as a directional context tool rather than a standalone verdict.
Editorial note:
This analysis was prepared by the YearBull research team under the direction of
Alan Zelvin,
Founder and Lead Crypto Researcher.
The assessment follows YearBull’s internal research methodology and editorial standards.
Methodology ·
Editorial Policy
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