Network revenue is growing

Lava operates as a marketplace for blockchain infrastructure, and earns revenue from blockchains and rollups. These chains pay the network for supporting their chain with RPC, by hosting incentive pools on Lava consisting of their native token.

Network revenue is distributed onchain, on the 17th of each month.

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Incentive pools attract contributors to Lava, who can serve as Validators, secure the network by staking LAVA, or provide data by running RPC nodes. RPC Providers support essential onchain actions such as transactions, minting, staking, and deploying smart contracts. Contributors can also restake LAVA to a Provider, helping make performance faster and more reliable. 

Upcoming blockchain support and incentive pools

Lava’s momentum continues to build. So far, over $1M in token incentives is set to be distributed on Lava, supporting RPC and infrastructure for chains such as Cosmos Hub, Filecoin, Starknet, Union and many others. The incentives consist of tokens from these supported chains, with NEAR, EVMOS and AXELAR already distributed to RPC Providers while Lava was in testnet.

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The first blockchain supported on Lava Mainnet was Cosmos Hub, on 17 September. Network contributors can earn ATOM monthly for providing Cosmos Hub with fast and reliable RPC.

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Two more chains were added this month and rewards will begin on 17th November:

• ~1.2 million STARS tokens over 6 months for Stargaze RPC
• ~1 million EVMOS tokens over 3 months for EvmosRPC

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How to participate in Lava

LAVA token powers the protocol in various ways, including staking and restaking. There are several ways to use the token and contribute to the network:

• Join Lava as an RPC Provider for supported blockchains
  • See which chains you can run a node for in our docs
• Run a Validator for the Lava blockchain
  • Secure the network
• Stake and restake your LAVA tokens to secure the network and boost top Providers
  • Find a staking dashboard from one of our partners
• Expand Lava's coverage to new chains and services
  • Write specifications that define API calls and benchmark compute costs

Reminder: LAVA is a capped supply token with no inflation. Rewards derive from blockchains who pay the network for infrastructure services.

‍About Lava Network‍

Lava Network is the underlying protocol that makes dapps and wallets faster and more reliable, on any blockchain. NEAR Protocol, Starknet, and 35+ chains are already supported, with Lava’s RPC services handling more than 77 billion data requests across over 2.3 million monthly users. Contributors can run validators, provide data or restake to improve service performance.

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Lava’s aim is to 10x the onchain experience for everyone.

Relevant Links:

• What are specs: docs.lavanet.xyz/spec
• Lava Network 101: lavafoundation.notion.site
• Existing specs: GitHub link
• Twitter: x.com/lavanetxyz
• Discord: Join us on Discord
• Whitepaper: Lava Whitepaper
• Documentation: docs.lavanet.xyz
• How to stake LAVA: Staking Guide

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