
Kava (KAVA) currently has a price of £0.030 and is down -0.089% over the last 24 hours. The cryptocurrency is ranked 451 with a market cap of £32.8M. Over the last 24 hours, it saw £5.8M of trading volume. The token has a circulating supply of 1.1B tokens out of a total supply of 1.1B tokens.
Kava (KAVA) is a decentralized finance (DeFi) platform on the Cosmos (ATOM) network. It enables users to borrow against their crypto assets and earn interest. Founded by Brian Kerr, Kava Labs, based in San Francisco, is responsible for fostering the growth and evolution of the Kava ecosystem.
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Kava runs two parallel chains side by side: an Ethereum co-chain fully compatible with EVM tools and smart contracts, and a Cosmos co-chain supporting IBC interoperability across the broader Cosmos ecosystem. A translator layer connects them, letting assets and data move seamlessly between both environments on a single network.
Kava 15 eliminated token inflation entirely, capping supply and ending the continuous emission model that diluted holders. Staking rewards now come from real network revenue rather than newly minted tokens, aligning incentives between stakers and long-term protocol health.
Kava Rise is a $750 million incentive program that distributes KAVA proportionally to the builders driving the most onchain usage. Developer teams earn rewards based on the activity their applications generate, creating a direct link between building useful products and receiving protocol-level funding.
Kava is repositioning its infrastructure toward decentralized AI and cloud computing, aiming to provide a censorship-resistant alternative to centralized cloud providers. The co-chain architecture is well suited for this given its ability to handle both smart contract logic and high-throughput Cosmos-based coordination.
KAVA holders stake tokens to validators who secure the network and process transactions. Stakers earn a share of network revenue while gaining voting rights on governance proposals. Validators are ranked by delegated stake, making active community participation a direct input into who secures and governs the protocol.