WavesPrice

(WAVES)

The Neutrino USD (USDN) stablecoin experienced multiple de-pegging events in 2023 and 2024. Consequently, it was rebranded as the Neutrino Index (XTN). XTN is no longer intended to maintain a fixed $1 peg. Instead, it functions as a "floating" index token, reflecting the collateralization and market dynamics rather than attempting to return to a stable dollar value. Users should consider XTN a price-indexed asset rather than a traditional stablecoin.

WAVES was delisted from a major exchange in June 2024 due to its "Monitoring Tag" status and a failure to meet the exchange's specific listing standards. This led to questions about its long-term liquidity and trading venues. Currently, WAVES can be traded on LBank, LBank, LBank, and the native Waves Exchange (WX). Users seeking to trade or acquire WAVES tokens should utilize these available platforms.

In late 2024, news emerged that Alameda Research, FTX's sister firm, filed a lawsuit against Waves founder Sasha Ivanov. The lawsuit seeks to recover approximately $90 million. This legal action targets the founder personally rather than directly the Waves project's treasury. While it's a significant development for the founder, the direct impact on the project's operational treasury or its general funding has not been explicitly stated to be affected by this personal legal dispute. Investors monitor the situation for any broader implications.

The "Units Network" is Waves' newly launched Layer-2 (L2) ecosystem specifically designed to provide Ethereum Virtual Machine (EVM) compatibility. This strategic development allows developers and users to deploy and interact with smart contracts originally built for Ethereum on the Waves platform. WAVES plays a central role in this new network, often functioning as the gas token for transactions and operations within the EVM-compatible environment. This expansion aims to broaden the Waves ecosystem's appeal and interoperability.

Leased Proof of Stake (LPoS) is Waves' unique consensus mechanism. Unlike traditional Proof of Stake (PoS), LPoS allows WAVES token holders to "lease" their WAVES to a full node without relinquishing ownership or control of their tokens from their own wallets. This enables users to participate in the network's security and earn staking rewards, typically around 4-5% APY, while maintaining custody of their assets. Nodes with a "generating balance" of at least 1,000 WAVES can generate blocks, making the network more decentralized and accessible for participation.

The WAVES token serves multiple core utilities within its ecosystem. It is used to pay for transaction fees, which are fixed at 0.001 WAVES for standard transfers. WAVES also grants holders governance rights, allowing them to vote on protocol upgrades and adjustments to block reward sizes through a DAO-like model. Furthermore, users can issue their own custom tokens on the Waves blockchain for a one-time fee of 1 WAVES. Regarding its supply, WAVES initially had a fixed supply of 100 million tokens but transitioned to an inflationary model where block rewards are determined by community voting.