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:

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.

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.

We update our Waves to GBP currency in real-time. Get the live price of Waves on Coinbase.

The current market cap of Waves is £42.875M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Waves is £46.35. This all-time high is highest price paid for Waves since it was launched.

Over the last 24 hours, the trading volume of Waves is £4.014M.

Assets that have a similar market cap to Waves include Vitalum, Avantis, SushiSwap, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Waves is 120 million.