Waves
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Waves in numbers
Waves ranks #500 by market capitalization, at $36.65M. It belongs to the Networks sector (Layer-1). It has traded since Jun 20, 2016, across 535 markets on 18 exchanges, with $5.29M of volume in the last 24 hours. Its all-time high of $60.90 was reached on Mar 31, 2022; the current price is 99.6% below that peak. Its cycle low of $0.182753 came on Aug 18, 2026.
100.00M WAVES are in circulation. On Ethereum, 2,453 addresses hold WAVES. It is available on 2 networks.
About Waves
Waves is a public blockchain network that enables users to create and access decentralized applications. It features on-chain governance, Formal Verification for smart contracts, and a variation of Proof-of-Stake (PoS) called Leased PoS to ensure network consensus.
Background
The Waves project was founded by Russian physicist Alexander Ivanov in 2016 following a successful token sale that raised 30,000 BTC in April and May of that year. The founding team launched the network to address the shortcomings of existing blockchain platforms, which had limited business adoption up to that point. Consequently, Waves focused on speed, scalability, security and user experience.
The Waves network was launched in Q3 2016 with the ability to facilitate token creation and the management of digital tokens. In 2017, Waves started a collaboration with Microsoft Azure and became an official partner of Deloitte. It also implemented a new consensus protocol, Waves-NG, based on Cornell professor Emin Gün Sirer’s Bitcoin-NG proposal, towards the end of the year. Waves-NG increased transaction throughput up to 100 tx/second. In 2018, the company released a new mobile application, which made most of Waves' most popular features available for smartphone and tablet users.
Today, the platform offers purpose-designed tools to facilitate the process of developing and running dApps, and hosts various applications and use cases – from a decentralized exchange (DEX) and algorithmic stablecoins to DAOs, encrypted messaging, and gaming.