KAVA 2024: KEY HIGHLIGHTS FROM EVERSTAKE’S REPORT
Kava has seen steady growth in 2024, with total staked $KAVA rising from 127.5 million to 136.2 million, showing strong user commitment even after moving to a non-inflationary model.
#Kava became the third blockchain, after Ethereum and Tron, to issue both USDT and WBTC, enhancing liquidity within the Cosmos ecosystem. By mid-2024, over 100 million USDT and $4.5 million in WBTC were circulating on Kava.
Kava’s Upgrade 16 introduced enhanced EVM compatibility, cross-chain interoperability, and improved DeFi tools, making it more attractive for Ethereum-based dApps.
Kavascan, a blockchain explorer by Cosmostation, supports Kava’s growing ecosystem, offering tools for navigating its extensive on-chain activities.
Kava’s innovations and ecosystem growth ensure its continued prominence in the DeFi space.
