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Waves

WAVES

4.5

Price
$3.93
9/25/2022, 7:53:52 PM
diamondHands

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Market

Market stats

Market cap

$430.8M

Volume (24h)

$46.4M

Circulating supply

109.4M WAVES

All time high

$62.36

Price change (1h)

+0.14%

Price change (24h)

-1.55%

Price change (7d)

-5.88%

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Waves is on the decline this week.

The price of Waves has fallen by 5.88% in the past 7 days. The price declined by 1.55% in the last 24 hours. In just the past hour, the price grew by 0.14%. The current price is $3.934975 per WAVES. Waves is 93.69% below the all time high of $62.355696.

The current circulating supply is 109,422,718 WAVES.

About

Waves is a cryptocurrency that describes itself as a “decentralized blockchain platform focusing on custom blockchain tokens operations.”

What Is Waves (WAVES)?

Waves (WAVES) is a community-based multipurpose blockchain platform that seeks to support a compilation of decentralized open-source technologies to build scalable, user-friendly apps. Waves aims at creating a comprehensive blockchain ecosystem that provides several features necessary for business adoption.

As per the platform's official publishing on medium, when Waves was founded, it was hard to imagine the blockchain space's direction. Decentralized finance (DeFi) was still formative, and many modern DeFi tools had not yet been invented. But Waves' approach seeked to center on high throughput and low fees. And today, when DeFi is being used in multiple aspects, these advantages offered by the Wave ecosystem seek to benefit DeFi. Thus, several DeFi apps have been built on the Waves protocol.

According to the whitepaper, there are several other benefits the Waves protocol seeks to offer for DeFi apps including the following:

  1. Fixed fees - All network fees are fixed besides network overload. This feature was made feasible by designing the protocol and its smart contract language. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on blockchain.

  2. Swift transactions - The protocol seeks to enable up to 1,000 transactions per second. This is essential for DeFi apps with many users and often small transactions.

  3. Staking - The Waves protocol seeks to enable WAVES token holders to collect a passive income from staking their tokens.

  4. User friendly - Waves ecosystem aims to provide a single-entry point.

  5. Ecosystem for developers - The Waves ecosystem seeks to offer various tools, products, and components to streamline the process of building and running DApps.

WAVES is the token utilized in the Waves blockchain. Within the blockchain, block generators seek to obtain block rewards and transaction fees in WAVES. This aims to promote generators to maintain and develop the blockchain network system. The more WAVES the generator holds, they seek to get a chance to add another block in the blockchain. Blocks are data structures within the blockchain database.

History of Waves

The founder of Waves platform is Sasha Ivanov who launched the Waves platform in 2016. Ivanov is a tech entrepreneur and for the past decade he's helped improve banking, public administration, and business systems, evolving electronic payment mechanisms.

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FAQ

What is the current price of Waves?

The price of 1 Waves currently costs $3.93.

What is the market cap of Waves?

The current market cap of Waves is $430.82M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Waves?

The all-time high of Waves is $62.36. This all-time high is highest price paid for Waves since it was launched.

What is the 24 hour trading volume of Waves?

Over the last 24 hours, the trading volume of Waves is $46.38M.

What other assets are similar to Waves?

Assets that have a similar market cap to Waves include GateToken, Dash, Compound, and many others. To see a full list, see our comparable market cap assets.

How many Waves are there?

The current circulating supply of Waves is 109 million.

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