Waves

The fee figures across all periods are currently zero, so any change in the 24-hour, 7-day, or 30-day fee readings would indicate whether on-chain economic activity is beginning to generate protocol revenue, which is a foundational input for many valuation frameworks. The total value locked of 8,331,672.18 USD relative to the market cap of 29,564,714.00 USD produces the recorded mcap-to-TVL ratio of approximately 3.37, and shifts in either figure would reflect changes in how much economic value is being deployed on the chain compared with the network's market size. The stablecoin supply hosted on Waves, currently 402,520,287.45 USD, is notably large relative to the market cap, and movement in this figure could reflect changes in the chain's utility as settlement infrastructure. The asset sits 99.52 percent below its all-time high recorded 1,644 days ago, making the price level itself a point of historical context worth monitoring over time.

Written by an AI language model from the figures listed below, on 30 Sep 2026 09:21 UTC.