Steady development, the Kava ecological project is about to break 100

Among various Layer2 currency issuance and ZK project financing information, Kava is quietly developing and has become one of the most rapidly developing public chain networks in the near future. According to DeFiLlama data, among nearly 200 public chain ecosystems, Kava's total number of ecological projects ranks tenth, reaching 98, second to Solana's 102.

Source: Kava Labs

Compared to the recently popular Layer2 and other networks, Kava is an old project. Founded in 2019, Kava has undergone 12 upgrade iterations, and each iteration has further improved the functions and performance of the Kava network.

Under continuous iteration, Kava has attracted a large number of projects with its stability, excellent performance and excellent user experience, supporting rapid ecological development.

Quantitative change leads to qualitative change

The Kava ecological project has developed rapidly recently, and the launch of the Kava 10 main network can be described as a turning point for the ecological explosion. The Kava 10 mainnet activated EVM, taking the first step towards multi-chain compatibility. Kava 10 marks the beginning of a qualitative change in Kava's ecological development.

While activating the EVM, Kava 10 is also linked to the Cosmos ecosystem through the IBC protocol. This co-chain architecture combines the flexibility of Ethereum smart contract development with the interoperability of the Cosmos SDK. This allows Kava to easily deploy applications such as various mainstream liquidity protocols, revenue aggregators, and DEXs.

In other words, Kava 10 has opened up Ethereum and Cosmos with assets of over 100 billion US dollars and tens of millions of users.

In addition to technical updates, Kava also supports the construction of ecological projects at the operational level. After the launch of the Kava 10 mainnet, Kava successively launched a pioneer plan and a developer incentive worth 750 million US dollars, which provided a guarantee for the smooth development of subsequent projects.

The Pioneer Program is mainly used to demonstrate for follow-up projects, showing how Kava cooperates with ecological projects, and how cooperation can bring benefits to both parties the value of. The first batch of projects participating in the Pioneer Program include Multichain, Poly Network and other 30+ projects involving DeFi, NFT, cross-chain and many other popular fields. Participation in these projects provides more experience and support for the construction of the Kava ecological project, and also enables the Kava ecological project to obtain more application scenarios in various fields.

After the demonstration effect of the Pioneer Program, Kava launched a developer incentive activity worth 750 million US dollars with a wider coverage, which is Projects participating in the Kava ecological development are encouraged. The activity lasts for 4 years, and the incentives are completed through on-chain procedures, without the participation of centralized organizations such as teams, ensuring that the process of obtaining incentives is open and transparent, which will help increase enthusiasm for project participation.

Ecological construction is not limited to incentives, operation is equally important

The initial foundation of the Kava ecological construction is dominated by the official. After completing the underlying construction, it will be gradually released to form new market competition.

In the early days, Kava Labs launched the lending platform CDP (later upgraded and renamed Kava Mint) and cross-chain money market HARD Protocol ( It has been upgraded and renamed Kava Lend) and Kava Swap, the three constitute Kava's basic DeFi ecology.

With the basic underlying facilities, Kava has used incentives to attract project developers to participate, expanding the ecological pool. With the excellent user experience of the shared chain architecture, the Kava EVM shared chain has interacted with more than 400,000 wallets and processed 740,000 transactions in just one month after its launch. So far, more than 5.28 million wrapped KAVA have been minted, and the Kava EVM co-chain has processed more than 10.3 million transactions.

Of course, the asset flow generated by the interoperability of ETH and Cosmos has also opened up the imagination space for Kava's development, and a large number of projects have participated in it. Up to now, there are more than 43 projects not only built on Kava, such as the revenue optimization protocol Acryptos, which can be used in 15 public chain networks. After Acryptos is adapted to Kava, the TVL contributed by Kava users accounts for 29.3% of the total TVL of the project, surpassing the contributions of networks such as Optimism and Fantom, and ranking second only to BSC. The same situation happens from time to time in many Kava-adapted projects.

Source: DeFiLlama< /blockquote>

In fact, the success of Kava is not just caused by short-term incentives. With Kava's ecological development and technology updates, more and more developers and project parties have begun to turn their attention to Kava. The Kava ecosystem has also welcomed more and more partners and ecological projects, and formed a huge community, including a large number of ordinary users.

Kava CEO Scott Stuart once said in a chat with BlockBeats that large-scale incentives are only suitable for the early stage, and the long-term Inflation and dilution will be a huge test for the economic model of the project. Kava encourages developers to properly distribute rewards to ordinary users who use the protocol on the Kava platform, and when designing the incentive plan, it has taken into account the deep and long-term binding of ecological projects and Kava. For example, Curve and Sushi have established long-term in-depth cooperation with Kava. In addition to the basic APY, Kava 3pool on Curve also has a 7.14% wKAVA APY reward. On Sushi, users provide liquidity to the wKAVA/USDC pool to get double rewards of KAVA and SUSHI.

To this end, we can see a healthy upward trend in Kava TVL.

Source: DeFiLlama< /blockquote>

According to Scott Stuart, there is a team in Kava Labs dedicated to operating Kava ecological projects, dedicated to Because of the regularization and sustainable development of the project, this is currently rare in the market Layer1, and it is also one of the sources of Kava's competitiveness.

Steady development

After KAVA was listed on Coinbase, Kava once said that Kava embraces CeFi and hopes to help users obtain DeFi revenue experience on the CeFi platform. Kava's long-term goal is not to surpass protocols such as Polygon and Avalanche, but to capture more protocols and users, and allow more users outside the industry to participate in the Web3 and encryption world.

Kava strives to provide users with a simple and smooth experience by optimizing products and integrating with different head protocols and subdivision protocols. To lower the barriers to entry for users. At the same time, the Kava 13 mainnet is about to launch.

In order to meet the previous explosive growth of Kava, Kava 13 will launch Kava EVM 2.0 for full-node software optimization and managed service provision quotient extensions to provide better performance. In addition, the Kava 13 mainnet will unlock the liquidity of Cosmos and ETH, and increase the utility of wallets, DApps and assets on the Cosmos SDK and EVM chain.

The most important iteration of Kava 13 for the ecology is that it will expand the Strategic Vault controlled by Kava DAO, enabling the community to support Kava Emerging protocols in the ecosystem have more control and flexibility. Kava DAO will be able to manage its treasury and deploy resources to any protocol on Kava, and control the provision of liquidity, asset exchange, portfolio diversification, etc.

Along with the main network upgrade and iteration, there is also the layering of community governance. On April 6, the Kava community proposed to establish a double fund Structural proposals to facilitate security, growth and decentralization of the Kava ecosystem. At that time, the Kava ecosystem will consist of the Kava Foundation and Kava Origin. The Kava Foundation is responsible for the security, growth, and decentralization of the Kava ecosystem. Kava Origin focuses on technical difficulties, such as scalability, security, consensus, decentralization, formal verification, and zero-knowledge proofs.

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Although Kava’s ecological development has made a qualitative leap, Kava has not It did not stagnate due to short-term rapid development, but continued to carry out technological upgrades and ecological construction, maintaining a long-term and stable development momentum. This long-term and stable development trend is what the blockchain industry needs and is also the key to its success. Key factor. In the encryption industry, many projects cannot persist due to factors such as market fluctuations and technical challenges. The root cause is that most failed projects have no long-term goals. Judging from the preview of Kava 13, Kava has a clear development goal, which is to get more ecological projects to join, so as to create a Web3 encrypted universe that everyone can use.

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