Georgetown, Cayman Islands, January 9th, 2025 – Lava Network has officially launched its $LAVA utility token on major exchanges including ByBit, KuCoin, Gate, and MEXC, with trading commencing today at 10:00 AM UTC. This innovative protocol facilitates seamless interaction with blockchain applications by efficiently routing user traffic across over 40 chains.
The $LAVA token is crucial for network functionality, allowing holders to stake their tokens to optimize transaction routing and enhance overall performance. Lava Network has processed over 100 billion transaction requests to date, showcasing its scalability and reliability.
Since its Mainnet pre-launch in July 2024, Lava has generated over $3.5 million in Annual Recurring Revenue (ARR) and $1 million in on-chain revenue. The tokenomics are designed for long-term sustainability, with a capped supply of 1 billion tokens and a monthly burn mechanism that has already reduced the supply by 1.5%.
Additionally, Lava offers a unique revenue-sharing model, distributing over $1 million in native tokens to stakers and data providers. The protocol has secured significant investments, including $15 million from Magma Devs and $11 million from the Lava Foundation, positioning it as a leader in managing blockchain traffic from AI agents and decentralized applications.