WEMIX (also styled "Wemix") is the native token of WEMIX3.0, an EVM-compatible Layer-1 blockchain built for gaming and decentralized applications.
It launched June 17, 2020 as a side-chain token on Klaytn, completed its token generation event on November 1, 2020, and migrated to its own independent WEMIX3.0 mainnet in October 2022. The ecosystem includes WEMIX PLAY, a game-distribution platform, and Wepublic, a community-governance platform, operated by South Korean game developer Wemade Co., Ltd. As of September 1, 2026, WEMIX traded near $0.20.
WEMIX differentiates itself from general-purpose Layer-1 tokens by being built specifically for gaming, backed by an established video-game developer rather than a crypto-native team.
Its ecosystem couples the WEMIX3.0 mainnet with WEMIX PLAY, a dedicated game-distribution and launcher platform, giving the token direct utility across a portfolio of Web3 games rather than a single application. In 2026, Kraken added WEMIX, broadening regulated-exchange access after an earlier Korean-exchange delisting episode. Daily trading volume of roughly $378,830 remains thin relative to WEMIX's near-$100 million market capitalization as of September 1, 2026.
WEMIX functions as both a utility token and a community-governance instrument within the WEMIX3.0 ecosystem.
Holders use WEMIX to pay transaction fees on the WEMIX3.0 network, while Node Council Partners ("WONDERs") stake WEMIX under the "WONDER Staking" scheme to participate in network consensus. WEMIX is also used for in-game purchases and transactions across games distributed through WEMIX PLAY, and holders can vote on community and project-level decisions through Wepublic, a DAO-style governance platform.
As of September 1, 2026, WEMIX had a circulating supply of approximately 498.1 million tokens, a total supply of roughly 558.9 million, and a maximum supply of 590 million.
Because circulating supply remains below maximum supply, ongoing minting makes net token emission inflationary until the supply cap is reached.
WEMIX launched June 17, 2020 as a side-chain token on the Klaytn blockchain, with its token generation event completing November 1, 2020.
Wemade Tree, the token's original issuer, was a member of the Klaytn Governance Council at the time. Reported fundraising across three completed rounds (IEO, private, and one additional round) totaled approximately $89,410, a low-confidence, single-source figure. WEMIX later migrated to its own independent WEMIX3.0 mainnet in October 2022. This 2020 token launch date is distinct from Wemade's founding as a company in 2000.
WEMIX operates on WEMIX3.0, its own independent, EVM-compatible Layer-1 blockchain, having migrated there from Klaytn in October 2022.
WEMIX3.0 uses a Staked Proof-of-Authority consensus mechanism branded "WONDER Staking," in which Node Council Partners ("WONDERs") — reportedly around 40 partner organizations — stake WEMIX to validate the network and participate in consensus, succeeding an earlier "Grand Staking" scheme.
WEMIX is issued and operated by Wemade Co., Ltd., a South Korean video-game developer founded in 2000 and known for the "Legend of Mir" franchise.
Its founder and chairman, Park Kwan-ho, has also served as CEO at various points, including reinstatement in 2024. On June 30, 2026, Park sold his entire 39.33% stake in Wemade, valued at approximately ₩920 billion, to Neopulse, a Hong Kong-based investment firm, making Neopulse the company's largest shareholder. A former Wemade CEO was tried for WEMIX-related market manipulation and received a final acquittal around December 2025.
WEMIX is issued and operated by Wemade Co., Ltd., together with the WEMIX Foundation, which manages token supply and buyback programs, and Wemade Tree, the original Klaytn-era subsidiary.
WEMIX3.0 is described as an EVM-compatible Layer-1 blockchain ecosystem intended to power a global gaming and decentralized-application economy, encompassing the WEMIX3.0 mainnet, the WEMIX PLAY game-distribution platform, and Wepublic, a DAO-style governance platform. As of June 30, 2026, Neopulse, a Hong Kong-based investment firm, became Wemade's largest shareholder with approximately 40.25% ownership.
WEMIX3.0 is governed through a two-tier structure: a permissioned validator council handling network consensus, and a separate community-voting platform for ecosystem decisions.
Node Council Partners ("WONDERs") — reportedly around 40 partner organizations — stake WEMIX and participate in network consensus and decision-making under the "WONDER Staking" scheme, which succeeded an earlier "Grand Staking" model. Separately, Wepublic functions as a DAO-style platform through which WEMIX holders can vote on community and project-level governance matters.
WEMIX PLAY underwent a full platform redesign, adding a streamlined interface and marketplace functionality, on June 26, 2025, followed by backend stability and bug-fix updates on November 25, 2025.
In 2026, WEMIX gained a listing on Kraken, broadening regulated-exchange access. A Foundation-run "Phase 2" token buyback program reportedly targets 20 million WEMIX, alongside further Web3 game launches through 2026, though these items are not confirmed via a primary source.
CertiK has audited the WEMIX ecosystem extensively, reporting formal verification across more than 120 components and a WEMIX Mainnet security score of 90.2.
Despite this, WEMIX suffered two material incidents: a February 28, 2025 "Play Bridge" hack that stole about 8.65 million WEMIX (~$6.1 million) via compromised keys, disclosed roughly four days later; and a July 2026 incident where a compromised owner-contract key minted about 5.2 million unbacked WEMIX$ stablecoins, triggering a full bridge freeze. Daily trading volume also remains thin relative to market capitalization.