Lava Network changes the paradigm of access to blockchain data, addressing key issues of centralization, performance, and reliability.

Project name: Lava Network
Ticker: LAVA
Year of company founding: 2023
Country: n/a
Website: lavanet.xyz
Direction: RPC


Technology, investment, and team: 9 out of 10 points

The project addresses a high-demand issue by creating a model with numerous opportunities. A team with experience in crypto projects. The volume and the investors themselves allow the project to grow.

Project description: a modular blockchain network focused on ensuring access to data through remote procedure calls
(RPC) and indexing. In web3, application developers need to make RPC requests to send and receive blockchain data, while indexing helps them retrieve specific data from the blockchain network.
Problems it solves:
Censorship resistance – no dependence on a single provider.
Scalability – distributed network of nodes.
Data availability – simplifies access to different blockchains.
Competitors: Pocket Network (POKT), Ankr, Infura (ConsenSys)

Team, description:
1. Yair Cleper - CEO
Previous experience: StarkWare - worked on ZK-rollups and scalability
Ethereum. Ethereum community - participated in the development of standards for smart contracts.
Role in Lava: Defines development strategy, partnerships and
ecosystem growth.
2. Gil Binder - CTO
Previous experience: Distributed Systems Engineer - specialized in P2P networks and decentralized databases. Cosmos SDK - participated in the development of
inter-blockchain communication (IBC).
Role in Lava: Protocol architecture, security and integration with EVM/SVM.
3. Amir Kedem - Lead Protocol Engineer
Previously worked at Celestia (modular blockchains) and Chainlink
(oracles).
Responsible for decentralized RPC routing mechanisms.
4. Liraz Tal - Head of Product
Former PM at Alchemy (centralized RPC) and The Graph
(data indexing).
Curates UX for developers working with Lava.
5. Nir Shaham - Head of Cryptoeconomics
Tokenomics expert, previously worked at Messari and Gauntlet.
Develops a model for incentivizing node operators and validators.


Investors: Round - 07.05.2024 - $11 million. - Tier 1 - Sandeep Nailwal, Tier 3 - Animoca Brands, Gate.io, Coingecko Ventures, Tier 4 - Crypto Times, Angel - Ash Crypto, CryptoLark
Seed - 15.02.2024 - $15 million. - Tier 1 - Hashkey Capital, Tier 2 - Jump Capital, Tribe Capital, MH Ventures, Alliance DAO, Tier 3 - Protocol Labs, Anagram Crypto, Chorus One, Finality Capital Partners, Caladan, Celestia, Tier 4 - North Island Ventures, StarkWare, Dispersion Capital, Node Capital, Kommune, Quiet Capital, Galileo, Chainlayer, Keplr, Compa Capital.


Investment amount: $26 million.


The value of the coin in the project: LAVA has no inflation
offerings. Instead of minting new LAVA to reward network participants, participants share the network's income. Participants include: validators, LAVA stakers, data providers, and LAVA restakers.
🔹LAVA - the nominal asset required to pay gas fees necessary for executing transactions or other operations in the Lava Network.
🔹Validators stake LAVA to protect the network and participate in
governance
🔹Providers stake LAVA, influencing the frequency of their pairing with Consumers.
🔹Token holders can delegate and retransmit
LAVA rights to validators and providers.
🔹Initial rewards for the initial loading ('Provider Drops') for providers are distributed in LAVA.
🔹Consumers purchase subscriptions in LAVA.
🔹Providers receive LAVA rewards monthly, directly
proportional to the number of LAVA subscriptions purchased in the previous month.

Roadmap: 9 out of 10 points

The roadmap is developed with growth potential. Overall, the implementation of previously planned activities matched the announced dates.


Project status: active project development
Complexity and relevance of the project: complex model
implementation of RPC. Relevance - Critical issue for Web3


Roadmap:
🔹 Q4 2024 – Q1 2025:
Basic stability and motivation
Improvement of RPC: Reducing errors, delays (~100 ms), migration from testnet.
Reward system: Simplified staking, transparent APR calculations, dashboards for delegators.
Lava Portal: A unified interface for staking, comparing providers, and monitoring rewards.
Launch of indexing: Free service for developers (GraphQL + guides).
🔹 Q2–Q3 2025:
Scaling and monetization
Paid plans: Enterprise solutions with advanced features.
Multi-chain API: Unified requests for balances, blocks, and data from different blockchains.
Geolocation and fault tolerance: Optimization of node coverage,
backup RPC.
🔹 Q4 2025+:
Abstraction and mass adoption
Lava SDK: Built-in decentralized RPC for browsers and libraries.
Support for 100+ chains + intents (automatic provider selection for user tasks).

Tokenomics: 7 out of 10 points

The distribution of coins in the project is confusing. Most of the
tokens belong to the team and investors, and more than 50% of tokens will be unlocked by the end of 2025.

Tokenomics:
- Future initiatives (including airdrop) - 15%
- Rewards for providers (Variable rewards for providers) - 6.6%
- R&D and ecosystem (Support and development of protocols; programs for providers, validators, and champions) - 31%
- Supporters (Initial supporters of LAVA) - 17%
- Key participants (Core participants, core team, consultants, and others) - 27%
- Rewards for validators (24,000 LAVA / day for validators (pre-minted) - 3.4%

Coinmarketcap rating overall and in the industry: 1,116 / rating 66
Price: $0.083
Trading launch date: August 2024
ATH: 0.2121
ATH date: 09.01.2025
Capitalization: $20.8 million (250 million coins)
Share of active coins: 25%
Capitalization at full emission: $81.7 million (0.98
billion coins)
TVL amount: $27.6 million

Unlock schedule:
🕐40% - 01.07.25
🕑50% - 01.12.25
🕒75% - 01.12.26
· R&D and ecosystem - 25% unlocked at launch. The remaining 75% will be unlocked continuously from year 1 to year 4.
· Supporters - 33% will be unlocked in year 2. The remaining 67% will be unlocked continuously from year 2 to year 4.
· Future initiatives - Fully unlocked at launch.
· Rewards for providers - unlocked continuously from launch to year 4.
· Rewards for validators - unlocked continuously from launch to year 4.
· Key participants - Initial participants, core team, consultants, and others 33% will be unlocked in year 2. The remaining 67% will be unlocked continuously from year 2 to year 4.

Checks and partnerships: 10 out of 10 points

The project has built an excellent partner network and received good feedback from auditors.

Checks:
Fault Tolerance - Checking differences between versions v1.0.1 and v2.0.0 for vulnerabilities, including analysis of fixes in v2.2.0. - Positive result: Critical vulnerabilities resolved, code complies with best practices.
⚠ Areas of concern: Key security and slashing handling.
OtterSec - Comprehensive code security review of Lava Protocol (decentralized RPC service) for vulnerabilities, including analysis of economic model and technical implementation. - Positive result: Critical risks resolved, code complies with best practices.
⚠ Areas of concern: Economic logic (subscription upgrades, reward calculations). Decentralized consensus (risk of chain halt due to integer overflow).


Partners: Evmos, Axelar, Starknet, NEAR, Celestia, Avail, Movement, Aeon, FoxWallet

Community: 7 out of 10 points

Currently, there is no significant interest in the project from the community.

Telegram channel: officiallavanetwork
Number of members: 722
Twitter: lavanetxyz
Twitter creation date: April 2022
Number of members: 103,400
GitHub: lavanet
Number of changes in repositories over the last month: 6
Linkedin: lava-network
Number of staff: 39 (3,000 following)

OVERALL SCORE: 42 out of 50 points.

The project has high potential with community development. It would be great to increase the lock-up period of team and investor assets.

#LavaNetwork #LAVA #Web3 #RPC #Blockchain #biganalysis