Kava

Kava is a Layer 1 blockchain designed to function as a cross-chain decentralized finance hub, connecting users of digital assets with services such as stablecoins, loans, and interest-bearing accounts. It aims to give holders of digital assets access to financial tools similar to those offered by a bank, but without a central intermediary. The intended audience is anyone who wants to put digital assets to work through borrowing or earning, across multiple blockchain networks.

Kava operates as its own Layer 1 blockchain, though the stored data does not specify a consensus algorithm or a block time, so those mechanical details cannot be described here. The KAVA token functions as the native asset of the network, and because 100 percent of the circulating supply has already been issued and no maximum supply is recorded, there is no remaining scheduled issuance. The network hosts both its own chain activity and connections to ecosystems including BNB Chain and Osmosis, and it supports stablecoin creation and lending products as core on-chain functions.

The data stored for Kava does not include a fee revenue figure, so no fee stream, fee recipient, or protocol revenue can be described from this source. What the data does show is a total value locked of approximately 20,011,816 dollars and a stablecoin supply hosted on the network of approximately 77,430,188 dollars, both measured at a point in time. The market capitalisation of roughly 50,496,422 dollars sits at 2.52 times the total value locked, and at 0.65 times the hosted stablecoin supply, also at a point in time. Without a recorded fee stream, fee-based valuation measures are not applicable here.