Waves

Waves is a layer-1 blockchain protocol launched on 12 June 2016 that aims to give developers a toolset for building Web 3.0 applications and decentralised solutions. It presents itself as a platform where anyone, not just experienced engineers, can create and deploy blockchain-based apps. The stated goal is to make blockchain infrastructure more secure, reliable, and fast in order to encourage broad adoption.

Waves secures its network using Proof of Stake consensus, where token holders can participate in validating transactions by staking WAVES. The WAVES token is the native asset of the Waves blockchain and is used to pay transaction fees and to participate in network governance and staking. All activity described here — fees, stablecoin hosting, and total value locked — occurs natively on the Waves chain.

The protocol generated 20.0 USD in fees over the most recent 24-hour period, 154.0 USD over the trailing 7 days, and 566.0 USD over the trailing 30 days, with annualised fees based on that 30-day window coming to 6,886.33 USD. Fee activity declined 44.44 percent over the last 30 days. With a market capitalisation of 26,417,542.0 USD and annualised fees of 6,886.33 USD, the market-cap-to-fees ratio stands at 3,803.73, reflecting how small the current fee stream is relative to the network's market value. The annualised fee yield expressed as a percentage of market capitalisation is 0.02629 percent.