The Good Tech Companies - Lava Network Utility Token $LAVA Lists On Bybit, KuCoin, Gate Exchanges

Episode Date: January 9, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/lava-network-utility-token-$lava-lists-on-bybit-kucoin-gate-exchanges. Lava is a novel protocol providing users with a fast and reliable experience interacting with blockchain apps. At the heart of the system is the LAVA ($LAVA) to Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #lava-network, #chainwire, #press-release, #lava-network-announcement, #blockchain-development, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Lava Network is a protocol coordinating dapp and AI agent traffic on any blockchain. At the heart of the system is the LAVA ($LAVA) token, which routes user traffic. LAVA holders are integral to the network, staking their tokens to direct traffic to the fastest and most reliable providers.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Lava Network Utility Token Dollar Lava Lists on Bybit, KuCoin, Gate Exchanges By Chainwire, Georgetown, Cayman Islands, January 9, 2025 Chainwire, Lava Network, a protocol coordinating DAP and AI agent traffic on any blockchain, ICE announcing the listing of its DollarLAVA utility token on Bybit, KuCoin, Gate, and MEXC with trading beginning today, Thursday, January 9, 2025. At 10 a.m. UTC, Lava is a novel protocol providing users with a fast and reliable experience interacting with blockchain apps. At the heart of the system is the Lava,

$LAVA, token, which roots user traffic, such as DeFi transactions and data queries, between wallets, data providers, and blockchains. Lava holders are integral to the network, staking their tokens to direct traffic to the fastest and most reliable providers. This drives superior performance and scalability across 40-plus chains, with Lava processing over 100 billion transaction requests to date, making Lava an essential tool for maintaining a high-performing network with minimal downtime. Key integrations with Lava Network include leading DAPPs and enterprises such as Kepler, Paraswap, Axelar, and Hypernative, all of which depend on Lava to keep their user traffic flowing smoothly and efficiently. Strong fundamentals behind $LavaLava's rapid growth is backed by

its robust fundamentals. Since its mainnet pre-launch in late July 2024, the network has secured over $3.5 million in errand $1 million-plus in on-chain revenue. Its tokenomics model fosters long-term value. Lava's supply is capped at 1 billion tokens, with no inflationary mechanisms. All investor and team allocations are locked until 2026. Lava's tokenomics include 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 the native tokens of supported blockchains. Over $1 million is currently being distributed in native tokens

such as Axel, Near, and USDC, to Lava stakers and data providers for securing and optimizing the protocol. Staking rewards can be explored at pools.lavanet.zi, offering users a direct incentive to participate in the network's growth. Blockchains are digital cities with their own economies, said Amir Aronson, head of the Lava Foundation. As humans and AI agents increasingly move on-chain, they need reliable roads to carry their transactions and data. Dollar Lava powers these roads, ensuring the free flow of digital commerce. Owning a piece of the Lava network is like owning a share in the infrastructure that keeps these cities running. MagmaDevs, a contributor to Lava,

raised $15 million from prominent investors such as Shashki, Tribe, and Jump, while Lava Foundation secured over $11 million in a private token round from leading founders and community members from Cosmos, Polkadot, Filecoin, and Near. Lava is positioned as the protocol managing traffic from iAgents and Dapps on every blockchain. For more information, users can visit lavanet.zi. About Lava Network Lava Network enables 24x7 access to blockchain apps, with minimal downtime. Lave a protocol which coordinates traffic from AI agents, apps and wallets on every blockchain. Lava aggregates RPC providers and directs the flow of transactions and data queries such as your wallet balance, based on the speed and reliability of the provider.

The protocol has secured $3.5 million plus in revenue, with chains and apps like Near, Starknet, Filecoin, and Axel are already paying Lava stakers and providers $1 million plus to offer ultra-reliable service. Contact Rachel McIntosh Lava Network Rachel at angle42.co. Tip this story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here, and thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.