WAX uses its own blockchain. It is independent from all other blockchains although it is based on EOSIO, which is what EOS uses.

While I think WAX is doing great things and has enormous potential in the future, it just doesn't make a whole of sense from an investment perspective at this point as the selling pressure continually outweighs that from those who are interested in buying it.

WAX is great -- don't get me wrong. Just a bit disappointed that its still falling during a bull market.