Georgetown, Cayman Islands, 9 January 2025, Chainwire
Lava Network, a protocol that coordinates dapp and AI agent traffic on any blockchain, announces the listing of its utility token $LAVA on ByBit, KuCoin, Gate and MEXC starting trading today, Thursday, January 9, 2025, at 10:00 UTC.
Lava is a new protocol that provides users with a fast and reliable experience of interacting with blockchain applications. The heart of the system is the LAVA ($LAVA) token, which directs user traffic, such as DeFi transactions and data queries, between wallets, data providers and the blockchain. LAVA holders are an integral part of the network and stake their tokens to direct traffic to the fastest and most reliable service providers. This drives superior performance and scalability across 40+ chains, with Lava processing more than 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 enterprises such as Keplr, Paraswap, Axelar and Hypernative, all of which depend on LAVA to keep their user traffic flowing smoothly and efficiently.
Strong fundamentals behind $LAVA
Lava’s rapid growth is supported by its solid foundations. Since its Mainnet pre-launch in late July 2024, the network has secured over $3.5 million in ARR and over $1 million in on-chain revenue. Its tokenomics model drives long-term value: LAVA’s supply is limited to 1 billion tokens, with no inflationary mechanisms. All investor and team allocations are locked until 2026. LAVA’s tokenomics includes a monthly burn 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 native tokens of supported blockchains. More than $1 million is currently distributed in native tokens such as AXL, NEAR and USDC, to LAVA stakers and data providers for securing and optimizing the protocol. Investment rewards can be explored at pools.lavanet.xyz, offering users a direct incentive to participate in the growth of the network.
“Blockchains are digital cities with their own economies,” he said Amir Aaronson, head of the Lion Foundation. “As humans and AI agents move more and more along the chain, they need reliable roads to transmit their transactions and data. $LAVA powers these roads, ensuring the free flow of digital commerce. Owning part of the Lava network is like owning a stake in the infrastructure that keeps these cities running.”
Magma Devs, a Lava contributor, has raised $15 million from prominent investors such as Hashkey, Tribe, and Jump, while Lava Foundation has secured more than $11 million in a private token round from leading founders and community members from Cosmos, , , and NEAR . Lava is positioned as a protocol for managing traffic from AI agents and dapps on every blockchain.
For more information, users can visit lavanet.xyz.
About the Lava network
Lava Network provides 24/7 access to blockchain applications, with minimal downtime.
Lava is a protocol that coordinates traffic from AI agents, apps, and wallets on each blockchain. Lava aggregates RPC (NYSE: ) providers and directs the flow of transactions and data queries, such as your wallet balance, based on the provider’s speed and reliability. The protocol has secured more than $3.5 million in revenue, and chains and applications such as NEAR, Starknet, Filecoin, and Axelar are already paying LAVA stakers and providers more than $1 million to offer the ultra-reliable service.
ContactRachel McIntoshLava netrachel@angle42.co
