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Georgetown, Cayman Islands, January ninth, 2025, Chainwire
Lava Community, a protocol coordinating dapp and AI agent visitors on any blockchain, is saying the itemizing of its $LAVA utility token on ByBit, KuCoin, Gate, and MEXC with buying and selling starting immediately, Thursday, January 9, 2025, at 10:00 AM UTC.
Lava is a novel protocol offering customers with a quick and dependable expertise interacting with blockchain apps. On the coronary heart of the system is the LAVA ($LAVA) token, which routes consumer visitors, equivalent to DeFi transactions and knowledge queries, between wallets, knowledge suppliers, and blockchains. LAVA holders are integral to the community, staking their tokens to direct visitors to the quickest and most dependable suppliers. This drives superior efficiency and scalability throughout 40+ chains, with Lava processing over 100 billion transaction requests thus far, making LAVA a vital instrument for sustaining a high-performing community with minimal downtime.
Key integrations with Lava Community embrace main dApps and enterprises equivalent to Keplr, Paraswap, Axelar, and Hypernative, all of which rely on LAVA to maintain their consumer visitors flowing easily and effectively.
Robust Fundamentals Behind $LAVA
Lava’s fast progress is backed by its sturdy fundamentals. Since its Mainnet pre-launch in late July 2024, the community has secured over $3.5 million in ARR and $1m+ in onchain income. Its tokenomics mannequin fosters long-term worth: LAVA’s provide is capped at 1 billion tokens, with no inflationary mechanisms. All investor and group allocations are locked till 2026. LAVA’s tokenomics embrace a month-to-month burn mechanism that dynamically adjusts to draw extra knowledge suppliers to the community, with 1.5% of the overall token provide burned thus far.
Lava additionally gives a first-of-its-kind revenue-sharing mannequin the place contributors can doubtlessly earn rewards immediately within the native tokens of supported blockchains. Over $1 million is at present being distributed in native tokens equivalent to AXL, NEAR, and USDC, to LAVA stakers and knowledge suppliers for securing and optimizing the protocol. Staking rewards will be explored at swimming pools.lavanet.xyz, providing customers a direct incentive to take part within the community’s progress.
“Blockchains are digital cities with their very own economies,” mentioned Amir Aaronson, Head of the Lava Basis. “As people and AI brokers more and more transfer onchain, they want dependable roads to hold their transactions and knowledge. $LAVA powers these roads, making certain the free stream of digital commerce. Proudly owning a bit of the Lava Community is like proudly owning a share within the infrastructure that retains these cities working.”
Magma Devs, a contributor to Lava, raised $15M from distinguished traders equivalent to Hashkey, Tribe, and Soar, whereas Lava Basis secured over $11M in a personal token spherical from main founders and group members from Cosmos, , , and NEAR. Lava is positioned because the protocol managing visitors from AI brokers and dapps on each blockchain.
For extra info, customers can go to lavanet.xyz.
About Lava Community
Lava Community permits 24/7 entry to blockchain apps, with minimal downtime.
Lava is a protocol which coordinates visitors from AI brokers, apps and wallets on each blockchain. Lava aggregates RPC (NYSE:) suppliers and directs the stream of transactions and knowledge queries equivalent to your pockets steadiness, primarily based on the velocity and reliability of the supplier. The protocol has secured $3.5m+ in income, with chains and apps like NEAR, Starknet, Filecoin, and Axelar already paying LAVA stakers and suppliers $1m+ to supply ultra-reliable service.
ContactRachel McIntoshLava Communityrachel@angle42.co
This text was initially revealed on Chainwire