Waves

Waves is a layer-1 blockchain platform launched on 12 June 2016, designed to let developers build decentralised applications and Web 3.0 solutions without needing deep cryptographic expertise. It positions itself as infrastructure for anyone who wants to create blockchain-based apps, custom tokens, or decentralised services, with an emphasis on speed and accessibility. The project aims to make blockchain development more approachable so that adoption can extend beyond specialist users.

Waves operates using a Proof of Stake consensus mechanism, meaning the network is secured by token holders who stake WAVES rather than by energy-intensive mining. The circulating supply stands at exactly 100 million WAVES, all of which are already in circulation, and no maximum supply cap is recorded in this data, meaning future issuance policy is not constrained by a hard coded ceiling. WAVES is the native token used within the Waves ecosystem for staking, transaction settlement, and interacting with applications built on the chain.

The protocol collected no fees over the trailing 24-hour, 7-day, 30-day, or 12-month periods recorded in this data, meaning there is no measured fee stream to describe at this time. Because fee-based metrics such as price-to-fees ratios depend on a non-zero fee figure, those measures are not calculable or meaningful for this asset under current conditions. The total value locked on the chain sits at 8,331,672.18 USD at the point-in-time reading, and the chain hosts 402,520,287.45 USD of stablecoin supply, both of which represent activity on the network even in the absence of recorded fees.