Georgetown, Cayman Islands, January 9, 2025, PakGazette
Lava Network, a protocol that coordinates dapp and AI agent traffic on any blockchain, announces the listing of its $LAVA utility token on ByBit, KuCoin, Gate and MEXC with trading starting today. Thursday January 9, 2025 at 10:00 am UTC.
Lava is a novel protocol that provides users with a fast and reliable experience when interacting with blockchain applications. At the heart of the system is the LAVA token ($LAVA), which routes user traffic, such as DeFi transactions and data queries, between wallets, data providers and blockchains. LAVA holders are an integral part of the network and stake their tokens to direct traffic to the fastest and most reliable providers. This drives superior performance and scalability across more than 40 chains, with Lava processing over 100 billion transaction requests to date, making LAVA an essential tool for maintaining a high-performance network with uptime. minimal downtime.
Key integrations with Lava Network include dApps and leading companies like Keplr, Paraswap, Axelar, and Hypernative, all of which rely on LAVA to keep their users’ traffic flowing smoothly and efficiently.
Strong fundamentals behind $LAVA
Lava’s rapid growth is supported by its strong fundamentals. Since its Mainnet pre-launch in late July 2024, the network has earned over $3.5 million in ARR and over $1 million in on-chain revenue. Its tokenomics model encourages long-term value: LAVA supply is capped at 1 billion tokens, with no inflationary mechanisms. All investor and team allocations are locked until 2026. LAVA tokenomics includes a monthly burning mechanism that dynamically adjusts to attract more data providers to the network, with 1.5% of the total token supply burned so far .
Lava also offers a first-of-its-kind revenue sharing model where contributors can potentially earn rewards directly in the native tokens of supported blockchains. More than $1 million in native tokens such as AXL, NEAR, and USDC are currently being distributed to LAVA participants and data providers to secure and optimize the protocol. Staking rewards can be explored at pools.lavanet.xyz, giving users a direct incentive to participate in the growth of the network.
“Blockchains are digital cities with their own economies,” he said Amir Aaronson, director of the Lava Foundation. “As humans and AI agents move further up the chain, they need reliable paths to transport their transactions and data. $LAVA drives these paths, ensuring the free flow of digital commerce. “Owning a part of the Lava Network is like owning a stake in the infrastructure that keeps these cities running.”
Lava contributor Magma Devs raised $15 million from notable investors such as Hashkey, Tribe, and Jump, while Lava Foundation raised over $11 million in a private token round from top founders and members of the Cosmos community. , , and NEAR. Lava is positioned as the protocol that manages the traffic of AI agents and dapps on each blockchain.
For more information, users can visit lavanet.xyz.
About Lava Network
Lava Network enables 24/7 access to blockchain applications, with minimal downtime.
Lava is a protocol that coordinates the traffic of AI agents, applications, and wallets on each blockchain. Lava aggregates RPC (NYSE:) providers and directs the flow of transactions and data queries, such as your wallet balance, based on the speed and reliability of the provider. The protocol has earned over $3.5 million in revenue, and chains and applications like NEAR, Starknet, Filecoin, and Axelar are already paying LAVA participants and providers over $1 million to offer an ultra-reliable service.
