Crypto:
36677
Bitcoin:
$89.413
% 2.92
BTC Dominance:
%58.6
% 0.16
Market Cap:
$3.05 T
% 2.86
Fear & Greed:
29 / 100
Bitcoin:
$ 89.413
BTC Dominance:
% 58.6
Market Cap:
$3.05 T

What is Lava Network (LAVA) ?

Lava Network Lava Token

Lava Network provides a decentralized Data Access Layer designed to meet developers’ needs for blockchain data access. As the blockchain world becomes increasingly multi-chain, dApps must fetch data from multiple chains. The main access methods are Remote Procedure Calls (RPC) and Data Indexing.

Lava delivers these services through a decentralized marketplace, where Developers (Consumers) request data and node operators (Providers) supply it. Providers are rewarded based on Quality of Service (QoS), ensuring a fast, reliable, and scalable infrastructure.

Team and Founders

  • Lava Network was founded in 2022 to solve multi-chain data infrastructure challenges.

  • Founders: Israeli entrepreneurs Yair Cleper (CEO) and Gil Binder.

  • Yair Cleper previously built successful Web2 ventures (Supersmart, Octopai).

  • The team consists of experienced engineers focused on scalable and resilient blockchain infrastructure.

Project Idea

  • Lava Network aims to decentralize Web3 data access infrastructure.

  • It eliminates single points of failure and censorship risks from centralized RPC providers such as Infura and Alchemy.

Primary Objective

  • Decentralized Data Marketplace connecting Developers (Consumers) needing RPC services with node operators (Providers).

Key Feature

  • Incentivized Performance ensures Providers are rewarded or penalized based on speed and reliability for consistently high-quality data access.

How Lava Works

  • Lava is a decentralized RPC routing protocol acting as a resiliency layer for on-chain economies.

  • The RPC Routing Engine hides infrastructure complexity and provides high-speed, low-latency access.

  • Global node providers join permissionlessly, and the fastest nodes are automatically selected.

  • Stakers route traffic to reliable providers; failing nodes are isolated instantly.

  • Chains create incentive pools using LAVA, and Providers earn rewards.

  • Developers use the Lava RPC API; chains adopt the Public RPC model; enterprises use the Smart Router for performance and failover.

  • Supports standard RPC, archive requests, debug/trace, and processes millions of requests daily with 99.99% uptime.

Investors and Partners

  • Seed Round: 15 million dollars.

  • Lead Investors: Jump Capital, Hashkey Capital

  • Lava partners with blockchains, L2 rollups, wallets, and dApps to expand decentralized data access.

Governance

  • Governance is powered by $LAVA token holders.

  • Token holders vote on protocol development, parameters, fees, and strategic decisions.

Token Utility

  • Providers stake LAVA.

  • Validators secure the network with staked LAVA.

  • Restakers gain traffic-routing influence.

  • Chains purchase RPC services with LAVA.

  • Used for governance voting.

  • Used for Enterprise Smart Router payments.

  • Used to fund Public RPC access.

LAVA Token Information

  • Token: LAVA

  • Total supply: 970.47M

  • Max supply: 1B

  • Circulating supply: 264.5M

Token Distribution

  • Future Initiatives: 15%

  • Provider Rewards: 6.6%

  • R&D and Ecosystem: 31%

  • Supporters: 17%

  • Core Contributors: 27%

  • Validator Rewards: 3.4%

Roadmap

  • Seed Round early 2024, raising 15M and expanding the team.

  • Mainnet launch with full utility of $LAVA and the decentralized data marketplace.

  • Ecosystem expansion, onboarding more chains, rollups, and developers to reach product-market fit.

Key Features

  • Fully decentralized and permissionless RPC infrastructure.

  • 24/7 multi-chain data access for AI agents.

  • Single API integration for 30+ chains.

  • Performance-based routing engine.

  • Fast chain integration using JSON specification.

  • Enterprise RPC Smart Router solution.

  • Global node network with low latency and high uptime.

  • 1M+ daily users and over 1M dollars in on-chain revenue.

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