Kava (KAVA) offers a scalable, secure blockchain for DeFi, with EVM compatibility and high throughput. More
| Fully Diluted Valuation | $399.45M |
|---|---|
| 24H Trading Volume | $10.33M |
| 24H Low / High | $0.37 / $ 0.37 |
| Circulating Supply | 1.08B |
| Total Supply | 1.08B |
| Max Supply | ∞ |
| Categories | Layer 1 (L1) 6 more |
|---|---|
| Founder | Brian Kerr 2 more |
| Website | kava.io |
| Socials | 4 more |
| Chains | Osmosis Ecosystem |
| Explorer | Mintscan 4 more |
| Contracts |
ibc/5....BB205
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| Name | Pair | OG Score |
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Kava is a decentralized, open-source, permissionless, censorship-resistant public blockchain built using the Cosmos SDK. It offers high throughput and low transaction fees, making it a promising platform for the Web3 revolution. Kava Chain also includes Kava EVM for Ethereum compatibility, allowing developers to deploy their Ethereum-based dApps conveniently.
Advanced DeFi Functionality with Kava Protocol
The Kava Protocol, a set of rules programmed into the blockchain, supports advanced DeFi functionality on Kava. This includes the use of Collateralized Debt Positions (CDP) for automated loans, where users can use crypto assets as collateral to mint stablecoins on the blockchain. Kava's native stablecoin, USDX, is pegged to the US dollar and can be minted by opening a CDP.
KAVA: The Native Governance Token
KAVA is one of two native crypto assets of the Kava Chain, serving as the governance token of the network. It can also be staked on the Proof of Stake (PoS) blockchain to contribute to its consensus mechanism and security. KAVA holders can vote on proposals related to blockchain changes, including the types of collateral accepted and the amount of USDX that can be issued.
Seamless Interoperability and EVM Compatibility
Kava is developed with Cosmos SDK and has EVM compatibility, allowing it to connect with other blockchains within the Cosmos network using the IBC protocol. This interoperability feature enables developers to code and build dApps using Solidity, the leading program for Ethereum-based decentralized applications. Additionally, using Cosmos SDK and Tendermint consensus provides Ethereum developers with a platform that offers higher throughput and efficiency for deploying scalable projects.
Kava Labs: Empowering Developers
Kava Labs, the primary contributing team to the Kava Network, aims to establish Kava as a top-five Layer-1 blockchain. The company empowers developers with flexible deployment options, on-chain incentives, and seamless interoperability. This approach incentivizes developers to contribute to the growth of the Layer-1 ecosystem, making Kava a promising platform for decentralized finance and Web3 applications.
Kava stands out for its blend of Cosmos and Ethereum, offering high speed, low fees, and EVM compatibility for seamless DeFi and smart contract deployment.
Kava Labs was co-founded by Brian Kerr, Ruaridh O'Donnell, and Scott Stuart, with Scott Stuart currently serving as CEO.
You can buy Kava (KAVA) on Binance, MEXC, Bitget, Gate.ioBybit cryptocurrency exchanges.
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