LAVA has secured listings on several major centralized exchanges, including ByBit, KuCoin, MEXC, and Gate.io.
The native token of the Lava Network, , has secured listings on several major centralized exchanges, including ByBit, KuCoin, MEXC, and Gate.io. These listings are anticipated to boost accessibility and attract a broader investor base.
Moreover, a company’s spokesperson stated that more possible LAVA listings are expected to follow in the coming days. In tandem with the multiple exchange listings, Lava Network has recently introduced a transparent “token burn” dashboard. This tool ensures clarity in managing LAVA’s fixed supply, contributing to the long-term stability of the token economy.
Lava Network aims to enhance how blockchains handle Remote Procedure Calls (RPC), a critical component in blockchain interactions. Traditionally managed by individual entities, RPC calls on Lava are coordinated by a user-owned, distributed network.
The protocol’s vision is to enable seamless, 24/7 use of blockchain apps by AI agents and individuals, enhancing accessibility and functionality across multiple blockchains.
As per the announcement, Lava has processed more than 100 billion transactions to date. It supports over 1 million users daily across more than 40 chains. The network also integrates with popular frameworks like web3.js, ethers.js, and cosm.js, enabling AI agents to interact with blockchain apps autonomously and efficiently.
It is important to note that the network secured $26 million in funding through a $15 million round in 2024 followed by $11 million in additional capital. It also successfully launched its mainnet and implemented an incentive structure, which rewards participants with native tokens from the networks they support.
Built on the ERC-20 standard on Arbitrum, LAVA coordinates contributors across the Lava Network. According to LAVA’s tokenomics, 70.4% of its total supply of 985.08 million tokens is currently locked. The circulating supply stands at 277.08 million tokens, while 14.68 million LAVA tokens have been permanently burned.
Soon after the listing announcements, LAVA has recorded a remarkable rally despite the ongoing broader crypto market downtrend. As of writing, the token is trading at $0.1688, up by 7% gain in the past 24 hours. Earlier in the day, it reached a high of $0.2046 before stabilizing.
The Lava Network’s token boasts a market capitalization of $39.88 million and a 24-hour trading volume of $8.02 million, which has surged by 490%, according to CoinMarketCap.
Notably, LAVA has seen an impressive 121% growth since its launch in late August.
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With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
