Georgetown, Cayman Islands, January 9, 2025, Chainwire
Lava Community, a protocol coordinating dapp and AI agent visitors on any blockchain, pronounces the itemizing of its utility token $LAVA on ByBit, KuCoin, Gate and MEXC, with buying and selling commencing right now, Thursday, January 9, 2025, at 10:00 UTC.
Lava is a brand new protocol offering customers with a quick and dependable interplay expertise with blockchain functions. On the coronary heart of the system is the LAVA token ($LAVA), which routes person visitors, akin to DeFi transactions and knowledge requests, between wallets, knowledge suppliers and blockchains. LAVA holders are an integral a part of the community and stake their tokens to direct visitors to the quickest and most dependable suppliers. This permits superior efficiency and scalability throughout 40+ chains, with Lava processing over 100 billion transaction requests to this point, making LAVA a necessary instrument for sustaining a high-performance community with minimal downtime.
Key integrations with Lava Community embrace main dApps and enterprises akin to Keplr, Paraswap, Axelar, and Hypernative, all of whom depend on LAVA to maintain their person visitors flowing easily and effectively.
Stable fundamentals behind $LAVA
Lava's speedy progress is predicated on its robust fundamentals. Since its Mainnet soft-launch in late July 2024, the community has secured over $3.5 million in ARR and over $1 million in onchain income. Its tokenomics mannequin promotes long-term worth: LAVA's provide is capped at 1 billion tokens, with out inflationary mechanisms. All investor and group allocations are locked till 2026. LAVA tokenomics features a month-to-month burn mechanism that dynamically adjusts to draw extra knowledge suppliers to the community, with 1.5% of the availability whole tokens burned up to now.
Lava additionally gives a first-of-its-kind income sharing mannequin, the place contributors can probably earn rewards instantly within the native tokens of supported blockchains. Over $1 million is at present being distributed in native tokens akin to AXL, NEAR, and USDC to LAVA stakeholders and knowledge suppliers to safe and optimize the protocol. Staking rewards could be explored on swimming pools.lavanet.xyz, offering customers with a direct incentive to take part within the community's progress.
“Blockchains are digital cities with their very own economic system,” stated Amir Aaronson, director of the Lava Basis. “As people and AI brokers more and more transfer throughout the chain, they want dependable routes to route their transactions and knowledge. $LAVA powers these routes, guaranteeing the free move of digital commerce. Proudly owning a part of the Lava community is like proudly owning part of the infrastructure that enables these cities to operate.
Lava backer Magma Devs has raised $15 million from high-profile buyers together with Hashkey, Tribe, and Leap, whereas the Lava Basis has secured over $11 million in a personal funding spherical from the principle founders and group members of Cosmos, , and NEAR. Lava is positioned because the protocol managing the visitors of AI brokers and dapps on every blockchain.
For extra data, customers can go to lavanet.xyz.
In regards to the Lava Community
Lava Community allows 24/7 entry to blockchain functions, with minimal downtime.
Lava is a protocol that coordinates visitors from AI brokers, functions, and wallets on every blockchain. Lava aggregates RPC (NYSE:) suppliers and directs transaction move and knowledge queries akin to your pockets stability, primarily based on the pace and reliability of the supplier. The protocol has generated over $3.5 million in income, with chains and apps like NEAR, Starknet, Filecoin, and Axelar already paying over $1 million to LAVA gamers and suppliers to supply an ultra-reliable service .
ContactRachel McIntoshLava communityrachel@angle42.co
This text was initially printed on Chainwire
