Georgetown, Cayman Islands, January 9, 2025, Chainwire
Lava Community, a protocol coordinating the operation of dapps and AI brokers on any blockchain, pronounces the itemizing of its $LAVA utility token on ByBit, KuCoin, Gate and MEXC with buying and selling beginning in the present day, Thursday, January 9, 2025, at 10:00 UTC.
Lava is a brand new protocol that gives customers with a quick and dependable expertise of interacting with blockchain functions. On the coronary heart of the system is the LAVA token ($LAVA), which routes consumer visitors similar to DeFi transactions and information queries between wallets, information suppliers and blockchains. LAVA holders are an integral a part of the community and contribute their tokens to direct visitors to the quickest and most dependable suppliers. This ensures wonderful efficiency and scalability throughout greater than 40 chains, with Lava processing greater than 100 billion transaction requests to this point, making LAVA an important instrument for sustaining a high-performance community with minimal downtime.
Key integrations with the Lava Community embrace main dApps and enterprises similar to Keplr, Paraswap, Axelar and Hypernative, all of which rely upon LAVA to maintain their consumer visitors flowing easily and effectively.
Robust fundamentals of $LAVA
The fast development of lava is supported by its strong foundations. Since its Mainnet pre-launch in late July 2024, the community has secured over $3.5M in ARR and $1M+ in onchain income. Its tokenonomic mannequin helps long-term worth: the provision of LAVA is proscribed to 1 billion tokens, with no inflationary mechanisms. All investor and crew allocations are locked till 2026. LAVA Tokenomics features a month-to-month burning mechanism that dynamically adjusts to draw extra information suppliers to the community, with 1.5% of the overall token provide burned to this point.
Lava additionally affords a first-of-its-kind income sharing mannequin the place contributors can probably earn rewards immediately within the native tokens of supported blockchains. Greater than 1 million USD is presently distributed in native tokens similar to AXL, NEAR and USDC amongst stakers and LAVA information suppliers to safe and optimize the protocol. Stake rewards may be explored at swimming pools.lavanet.xyz, providing customers a direct incentive to take part within the development of the community.
“Blockchains are digital cities with their very own economies,” he mentioned Amir Aaronson, head of the Lava Basis. “As people and AI brokers transfer an increasing number of alongside the chain, they want dependable pathways to hold transactions and information. $LAVA powers these roads and ensures the free stream of digital commerce. Proudly owning a chunk of the Lava Community is like proudly owning a stake within the infrastructure that retains these cities working.”
Lava contributor Magma Devs raised $15 million from outstanding traders similar to Hashkey, Tribe, and Bounce, whereas the Lava Basis secured over $11 million in a non-public token spherical from prime founders and neighborhood members from Cosmos, , and NEAR. Lava is positioned as a protocol managing visitors from AI brokers and dapps on every blockchain.
For extra info, customers can go to lavanet.xyz.
About Lava Community
Lava Community allows 24/7 entry to blockchain functions with minimal downtime.
Lava is a protocol that coordinates visitors from AI brokers, apps, and wallets on each blockchain. Lava aggregates RPC (NYSE: ) suppliers and manages the stream of transactions and information queries, similar to your pockets stability, based mostly on the supplier's pace and reliability. The protocol has secured $3.5 million+ in income, with chains and apps like NEAR, Starknet, Filecoin, and Axelar already paying $1 million+ to LAVA stakeholders and suppliers to supply ultra-reliable providers.
ContactRachel McIntoshLava communityrachel@angle42.co
This text was initially printed on Chainwire
