Lava Network Price
(LAVA)
USD($)
Lava Network (LAVA) Live Price Chart
Overview
About
Analysis
FAQ
Lava Network Live Price Data
The live price of Lava Network is $0.1890, with a total trading volume of $ 1.64M in the last 24 hours. The price of Lava Network changed by +89.1% in the past day, and its USD value has increased by +89.1% over the last week. With a circulating supply of -- LAVA, the market cap of Lava Network is currently -- USD, marking a --% increase today. Lava Network currently ranks #-- in market cap.
How do you feel about Lava Network today?
Note: This data is for reference only.
Lava Network(LAVA) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- BNB Smart Chain (BEP20) 0xFfeB82...680
Audited By
- --
Code & Community
Investors
- --
$0.0999
$0.2499
- ATH
- $0.2120
- Price Change (1h)
- -0.05%
- Price Change (24h)
- +89.10%
- Price Change (7d)
- +89.10%
- Market Cap
- --
- 24h Volume
- $1.64M
- Circulating Supply
- --
- Max Supply
- 1B
About LAVA
How can I buy Lava Network (LAVA)?
Buying LAVA on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Lava Network (LAVA) for more information. What Is Lava Network (LAVA) Crypto?
Lava Network is a decentralized platform that helps you access blockchain data efficiently. It uses a network of node operators to provide services like Remote Procedure Calls (RPCs), which are essential for interacting with blockchains. This setup ensures reliable and scalable access to various blockchains, including Ethereum, Polygon, and Solana.
The platform uses the LAVA token as its utility token. You can stake LAVA tokens to participate in the network and earn rewards. Developers and chains also use LAVA tokens to pay for services within the network.
By decentralizing data access, Lava Network aims to enhance the reliability and scalability of blockchain interactions. This approach reduces dependence on centralized entities and promotes a more open and efficient blockchain ecosystem.
How Does Lava Network Work?
Lava Network connects data consumers, like developers and applications, with data providers, such as node operators, through a peer-to-peer network. This setup ensures fast, reliable, and scalable access to various blockchains.
As a developer, you can use Lava's tools, like the Lava SDK or Gateway, to connect your applications to multiple blockchains seamlessly. The network matches your data requests with the best available providers, considering factors like response time and data accuracy. This process enhances the performance and reliability of your applications.
Data providers in the Lava Network stake LAVA tokens to participate. They earn rewards based on the quality of service they deliver, incentivizing high performance and data integrity. This system promotes a robust and trustworthy data access layer for the blockchain ecosystem.
History of Lava Network and LAVA Coin
Founded in 2022 by Israeli entrepreneurs Yair Cleper and Gil Binder, both with extensive experience in the web2 industry, Lava Network aims to enhance data accessibility across various blockchains.
In February 2024, Lava Network secured $15 million in seed funding, co-led by HashKey Capital, Jump Capital, and Tribe Capital. This round also saw participation from investors like North Island Ventures, Dispersion Capital, and Alliance DAO.
Subsequently, in May 2024, the network raised an additional $11 million. Investors in this round included Animoca Brands, CoinGecko Ventures, Gate Ventures, and Polygon co-founder Sandeep Nailwal.
Lava Network's roadmap has been structured in phases:
1. Phase 1: Launch of the testnet, introducing incentivized public RPC on platforms like Evmos, Axelar, and NEAR, and expanding to over 250 data providers.
2. Phase 2: Progression towards modularity, collaborating directly with blockchains to become the access layer for web3.
3. Phase 3: Magma: Transitioning from onboarding providers to integrating developers and users, with plans to launch the mainnet in the first half of 2024.
By July 2024, Lava Network initiated its phased mainnet launch and began distributing 55 million LAVA tokens through an airdrop. This launch was supported by projects like Filecoin Network, Starknet Foundation, and Cosmos Hub.
What Is LAVA Token Used for?
The LAVA token serves multiple purposes within the Lava Network:
1. $LAVA Staking: You can stake LAVA tokens to participate in the network's operations and earn rewards.
2. Payments: Developers and chains use LAVA tokens to pay for services within the network.
3. Governance: Holding LAVA tokens allows you to participate in decision-making processes regarding the network's future developments.
Additionally, you can trade Lava Network tokens on various cryptocurrency exchanges, including KuCoin. This allows you to buy, sell, or hold LAVA tokens as part of your investment strategy.
What is Lava Network Tokenomics?
The total supply of LAVA tokens is capped at 1 billion, with no inflation. To maintain price stability and prevent inflation, Lava Network implements a deflation mechanism by burning 80% of the rewards and subscription fees generated by the network. The initial token distribution is as follows:
1. Future Incentive Plans: 15% allocated for programs like airdrops to reward users and the community.
2. Provider Rewards: 6.6% distributed monthly to service providers on the network.
3. Validator Rewards: 3.4% allocated to validators who help secure the network.
4. Research and Development & Ecosystem: 31% dedicated to supporting R&D activities and ecosystem development.
5. Early Investors: 17% allocated to early investors who supported the project's development.
6. Early Contributors, Core Team, and Consultants: 27% designated for early contributors, the core team, and project consultants.
Lava Network (LAVA) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.0891 | 89.20% |
| 7 Days | $0.0891 | 89.20% |
| 30 Days | $0.0925 | 92.60% |
| 3 Months | $0.0925 | 92.60% |
24H Investment Barometer
24H
- Strong Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Lava Network Conversion Rate
FAQ
How much is 1 Lava Network (LAVA) worth?
KuCoin provides real-time USD price updates for Lava Network (LAVA). Lava Network price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time LAVA to USD exchange rates. Is Lava Network (LAVA) a Good Investment?
Investing in Lava Network (LAVA) offers several advantages:
1. Innovative Technology: Lava provides a modular data access layer for blockchains, enhancing scalability and efficiency.
2. Strong Backing: The project has secured significant funding from reputable investors, indicating confidence in its potential.
3. Ecosystem Growth: Lava supports over 30 blockchains, including Ethereum, Polygon, and Solana, fostering a broad user base.
4. Staking Rewards: By staking LAVA tokens, you can earn rewards, promoting active participation in the network.
5. Trading Opportunities: LAVA tokens are available for trading on platforms like Uniswap V3 (Arbitrum) and Ramses DEX, offering liquidity and investment opportunities.
These factors contribute to the potential benefits of investing in Lava Network.
What Is Lava Network Price Prediction?
These elements interact dynamically, contributing to the LAVA price prediction:
1. Market Demand: Increased interest from investors and users can drive up the LAVA token price.
2. Lava Network Adoption: As more developers and projects utilize Lava Network's services, the LAVA to USD price may rise.
3. Technological Developments: Upgrades or new features can enhance the network's appeal, potentially boosting the $LAVA price.
4. Market Sentiment: Positive news and community engagement can influence investor perception and affect the Lava Network price.
5. Overall Cryptocurrency Market Trends: Broader market movements often impact individual token prices, including the LAVA crypto price.
How to Stake LAVA Tokens on Lava Network
Staking your LAVA tokens on the Lava Network allows you to earn rewards and support network security. Here's how to get started:
1. Set Up a Wallet:
> Keplr Wallet: Download and install the Keplr browser extension.
> Leap Wallet: Alternatively, you can use Leap Wallet, which supports Lava Network staking.
2. Add Lava Network: In your wallet, navigate to the network settings. Add the Lava Network to your list of networks.
3. Fund Your Wallet: Purchase LAVA tokens from a supported exchange, such as KuCoin. Transfer the tokens to your wallet address.
4. Access the Staking Interface: Visit the Lava Network staking platform. Connect your wallet to the platform.
5. Delegate Your Tokens: Choose a validator from the list. Enter the amount of LAVA you wish to stake. Confirm the transaction in your wallet.
6. Monitor and Manage Your Stake: Regularly check your staking dashboard to track rewards. Claim rewards as they accrue.
If needed, you can unstake your tokens, noting that unstaking may involve a waiting period.
What is the all-time high price of Lava Network (LAVA)?
The all-time high price of Lava Network (LAVA) is $0.2121. The current price of LAVA is down 10.85% from its all-time high.
What is the all-time low price of Lava Network (LAVA)?
The all-time low price of Lava Network (LAVA) is $0.0611. The current price of LAVA is up 209.48% from its all-time low.
What is the market cap of Lava Network (LAVA)?
The current market cap of LAVA is $61.93M. It is calculated by multiplying the current supply of LAVA by its real-time market price of $61.93M.
How do I store Lava Network (LAVA)?
You can securely store your Lava Network in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your LAVA include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Optimism (OP) to cash?
You can instantly exchange your Optimism (OP) for cash using KuCoin's Fast Trade feature. This feature enables you to convert OP to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.