Georgetown, Cayman Islands, January 9, 2025, PK Press Club
Lava Network, a protocol coordinating dapp and AI agent traffic on any blockchain, announces the listing of its utility token $LAVA on ByBit, KuCoin, Gate and MEXC, with trading commencing today, Thursday, January 9, 2025, at 10:00 UTC.
Lava is a new protocol providing users with a fast and reliable interaction experience with blockchain applications. At the heart of the system is the LAVA token ($LAVA), which routes user traffic, such as DeFi transactions and data requests, 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 enables 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 Lava Network include leading dApps and enterprises such as Keplr, Paraswap, Axelar, and Hypernative, all of whom rely on LAVA to keep their user traffic flowing smoothly and efficiently.
Solid fundamentals behind $LAVA
Lava’s rapid growth is based on solid fundamentals. Since its Mainnet soft-launch in late July 2024, the network has secured over $3.5 million in ARR and over $1 million in onchain revenue. Its tokenomics model promotes long-term value: LAVA’s supply is capped at 1 billion tokens, without inflationary mechanisms. All investor and team allocations are locked until 2026. LAVA tokenomics includes a monthly burn mechanism that dynamically adjusts to attract more data providers to the network, with 1.5% of the supply total tokens 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 stakeholders and data providers to secure and optimize the protocol. Staking rewards can be explored at pools.lavanet.xyz, providing users with a direct incentive to participate in the network’s growth.
“Blockchains are digital cities with their own economy,” said Amir Aaronson, director of the Lava Foundation. “As humans and AI agents increasingly move across the chain, they need reliable routes to route their transactions and data. $LAVA powers these routes, ensuring the free flow of digital commerce. Owning part of the Lava network is like owning a part of the infrastructure that allows these cities to function.
Lava backer Magma Devs has raised $15 million from high-profile investors including Hashkey, Tribe, and Jump, while the Lava Foundation has secured over $11 million in a private funding round from the main founders and community members of Cosmos, , and NEAR. Lava is positioned as the protocol managing the traffic of AI agents and dapps on each blockchain.
For more information, users can visit lavanet.xyz.
About the Lava Network
Lava Network enables 24/7 access to blockchain applications, with minimal downtime.
Lava is a protocol that coordinates traffic from AI agents, applications, and wallets on each blockchain. Lava aggregates RPC (NYSE:) providers and directs transaction flow and data queries such as your wallet balance, based on the speed and reliability of the provider. The protocol has generated over $3.5 million in revenue, with chains and apps like NEAR, Starknet, Filecoin, and Axelar already paying over $1 million to LAVA players and providers to offer an ultra-reliable service .
