Georgetown, Cayman Islands, 9 January 2025, Pakinomist
Lava Network, a protocol that coordinates dapp and AI agent traffic on any blockchain, announces the listing of its $LAVA utility token on ByBit, KuCoin, Gate and MEXC with trading beginning today, Thursday 9 January 2025 at 10:00 UTC.
Lava is a new protocol that provides users with a fast and reliable experience when interacting with blockchain apps. At the core of the system is the LAVA ($LAVA) token, 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 40+ chains, with Lava processing over 100 billion transaction requests to date, making LAVA an essential tool for maintaining a high-performance network with minimal downtime.
Key integrations with the Lava Network include leading dApps and companies such as Keplr, Paraswap, Axelar and Hypernative, all of which rely on LAVA to keep their user traffic flowing smoothly and efficiently.
Strong fundamentals behind $LAVA
Lava’s rapid growth is supported by its robust fundamentals. Since its Mainnet pre-launch in late July 2024, the network has secured over $3.5 million in ARR and $1m+ in onchain revenue. Its tokenomics model promotes long-term value: LAVA’s supply is limited to 1 billion tokens with no inflation mechanisms. All investor and team allocations are locked until 2026. LAVA’s 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. Over $1 million is currently being distributed in native tokens such as AXL, NEAR and USDC to LAVA stakers and data providers to secure and optimize the protocol. Stake 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,” said Amir Aaronson, head of the Lava Foundation. “As humans and AI agents increasingly move on-chain, they need reliable pathways to transport their transactions and data. $LAVA powers these pathways and ensures the free flow of digital commerce. Owning a piece of Lava Network is like owning a stake in the infrastructure that keeps these cities running.”
Magma Devs, a contributor to Lava, raised $15M from prominent investors such as Hashkey, Tribe, and Jump, while Lava Foundation secured over $11M in a private token round from leading founders and community members from Cosmos, , , and NEAR. Lava is positioned as the protocol that manages traffic from AI agents and dapps on each blockchain.
For more information, users can visit lavanet.xyz.
About Lava Network
Lava Network provides 24/7 access to blockchain apps with minimal downtime.
Lava is a protocol that coordinates traffic from AI agents, apps and wallets on each blockchain. Lava aggregates RPC providers (NYSE: ) and manages the flow of transactions and data queries, such as your wallet balance, based on the provider’s speed and reliability. The protocol has secured $3.5m+ in revenue, with chains and apps like NEAR, Starknet, Filecoin and Axelar already paying LAVA stakers and providers $1m+ to offer ultra-reliable service.
