ATH Market Cap
24h Trade Volume
Vol (24h) / MCap
All Time High
30 Aug 2021
23 Oct — 24 Oct 2019
Tokens For Sale
|24H||-$ 0.00192||-0.31%||$ 0.628||$ 0.613|
|7D||-$ 0.0144||-2.24%||$ 0.644||$ 0.613|
|14D||$ 0.00816||+1.32%||$ 0.690||$ 0.601|
|30D||-$ 0.0619||-9%||$ 0.717||$ 0.601|
|3M||-$ 0.381||-37.8%||$ 1.06||$ 0.601|
|6M||-$ 0.212||-25.3%||$ 1.33||$ 0.601|
|YTD||$ 0.0524||+9.13%||$ 1.33||$ 0.517|
|1Y||-$ 0.874||-58.3%||$ 1.61||$ 0.517|
|3Y||-$ 1.48||-70.2%||$ 9.13||$ 0.517|
Kava is a multipurpose decentralized platform that offers a range of products for crypto traders. The platform is built on the Cosmos blockchain. Kava offers multi-collateral debt positions and the ability to self-issue loans. This allows users to instantly borrow and lend digital assets whilst avoiding the use of traditional financial institutions. It also has its own stablecoin, USDX, as part of its ecosystem, which is pegged 1:1 to the value of the U.S. dollar.
KAVA is the platform’s native cryptocurrency. It has a total supply of 253,378,733.
The platform facilitates lending and borrowing by allowing users to deposit, or lock, crypto into Cosmos smart contracts. These smart contracts are called CDPs (collateralized debt positions). In return for the digital asset deposited, USDX is issued. Additionally, users receive rewards distributed in KAVA for minting USDX. Once a debt in USDX is repaid, the CDP is closed and the USDX is burned.
The amount of USDX a user can receive depends on the collateralization ratio. This tends to be high in order to protect against potential volatility in the market. The ratio is also used to determine the liquidation price, if the value of the crypto locked in a CDP falls too low then it is liquidated and burned. This mechanism also helps to protect against market volatility.
The KAVA token plays a vital role in the overall operation of the platform. In more detail, it is used for network governance and staking and validation. KAVA holders are entitled to vote on proposals related to blockchain changes. This includes the types of collateral accepted, the amount of USDX that can be issued, as well as other upgrades and parameter changes.
KAVA is also used for ensuring network security. Holders can delegate their KAVA to validators who operate the blockchain and earn a proportion of rewards in return.
KAVA is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, MEXC Global, AscendEX, Gate.io, and KuCoin. The price of KAVA will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for KAVA market prices, please view the price charts on this page.
Kava's current price is $ 0.626, it has dropped -0.31% over the past 24 hours.
Kava's All Time High (ATH) of $ 9.13 was reached on 30 Aug 2021, and is currently -93.1% down.
The current circulating supply of Kava is 792.92 Million tokens, and the maximum supply of Kava is 792.93 Million.
Kava’s 24 hour trading volume is $ 4.48 Million.
Kava's current share of the entire cryptocurrency market is 0.04%, with a market capitalization of $ 496.30 Million.