Lava Network's $LAVA token listed on multiple exchanges, essential for routing traffic on blockchains.

From Investing.com

January 9, 2025 09:30 AM:

Lava Network’s $LAVA utility token is now listed on ByBit, KuCoin, Gate, and MEXC, allowing for trading to begin today. The token is essential for routing user traffic across different blockchains, ensuring fast and reliable interactions with blockchain apps.

The network has processed over 100 billion transaction requests to date, showcasing its scalability and high performance across 40+ chains. LAVA holders play a crucial role in directing traffic to the most reliable providers, driving the network’s success and efficiency for users.

Lava’s strong fundamentals include a capped token supply of 1 billion tokens with no inflationary mechanisms. The network has secured over $3.5 million in ARR and $1 million+ in onchain revenue since its Mainnet pre-launch in late July 2024. Monthly burn mechanisms attract more data providers to ensure network optimization.

Lava offers a unique revenue-sharing model where contributors can earn rewards in native tokens of supported blockchains. Over $1 million is currently being distributed to stakers and data providers, with incentives for network participation. The network has received significant investments from prominent investors, positioning it as a key player in managing traffic on various blockchains.

Lava Network provides 24/7 access to blockchain apps with minimal downtime. The protocol coordinates traffic from AI agents, apps, and wallets on all blockchains, ensuring reliable service. With chains like NEAR, Starknet, Filecoin, and Axelar already utilizing LAVA for optimal performance, the network continues to grow and provide value to users.

Read more at Investing.com: Lava Network Utility Token $LAVA Lists on Bybit, KuCoin, Gate Exchanges By Chainwire