WAVAX is the wrapped version of Avalanche's native token AVAX, which was listed on Osmosis on January 21st, 2023. The first week of WAVAX trading on Osmosis saw a surge in the number of liquidity providers (LPs) and the volume of LP activities. This article provides an analysis of WAVAX activity on Osmosis during its first week of trading. We will focus on LP activities, token transfers, bridging, and swapping, and compare WAVAX trading on Osmosis to native swaps on Avalanche during the same time period.