Lava Community Utility Token $LAVA Lists on Bybit, KuCoin, Gate Exchanges

Georgetown, Cayman Islands, January ninth, 2025, Chainwire

Lava Community, a protocol coordinating dapp and AI agent site visitors on any blockchain, is asserting the itemizing of its $LAVA utility token on ByBit, KuCoin, Gate, and MEXC with buying and selling starting as we speak, 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 site visitors, similar to DeFi transactions and information queries, between wallets, information suppliers, and blockchains. LAVA holders are integral to the community, staking their tokens to direct site 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 so far, making LAVA an important device for sustaining a high-performing community with minimal downtime.

Key integrations with Lava Community embody main dApps and enterprises similar to Keplr, Paraswap, Axelar, and Hypernative, all of which rely upon LAVA to maintain their consumer site visitors flowing easily and effectively.

Robust Fundamentals Behind $LAVA

Lava’s fast progress is backed by its strong 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 workforce allocations are locked till 2026. LAVA’s tokenomics embody a month-to-month burn mechanism that dynamically adjusts to draw extra information suppliers to the community, with 1.5% of the full token provide burned to date.

Lava additionally provides 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 presently being distributed in native tokens similar to AXL, NEAR, and USDC, to LAVA stakers and information suppliers for securing and optimizing the protocol. Staking rewards could 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,” stated 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 information. $LAVA powers these roads, making certain the free movement of digital commerce. Proudly owning a chunk 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 outstanding traders similar to Hashkey, Tribe, and Leap, whereas Lava Basis secured over $11M in a non-public token spherical from main founders and neighborhood members from Cosmos, Polkadot, Filecoin, and NEAR. Lava is positioned because the protocol managing site visitors from AI brokers and dapps on each blockchain.

For extra data, 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 site visitors from AI brokers, apps and wallets on each blockchain. Lava aggregates RPC (NYSE:RES) suppliers and directs the movement of transactions and information queries similar to your pockets stability, primarily based on the pace 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 printed on Chainwire