Waves blockchain’s native token WAVES price has surged over 70% in the last 24-hours following the launch of Waves Labs. The token’s price has continued to increase but has been down by 3.77% and is trading at $50.72, as per data from CoinMarketCap. It has gained over 60% in the last seven days.
Waves Labs, a US-based organization, is tasked with supercharging the Waves ecosystem’s global growth. It will pursue aggressive marketing and hiring strategies. Moreover, Waves Labs will support Waves-based projects with mentoring and funding grants.
Sasha Ivanov, the Waves founder, is very excited and optimistic about Waves Labs boosting the ecosystem. This comes despite the network recently seeing record growth. Ivanov described Waves Labs as a key component of the Waves plan to expand exponentially in 2022. The network remains relatively unknown in the US crypto space.
Waves will work towards attaining mass adoption in 2022 and beyond through Waves Labs, ecosystem funds, and a talented team. Waves Labs announced Alex Rubin as its head of US operations, Coleman Maher as head of Ecosystem, Jack Booth as the Marketing Lead, and Tiffany Phan as the VP of Finance and Operations.
The networks expansion and growth come amid the migration to Waves 2.0 last month and the launch of a USD 150 million fund to support Waves-based dApps. And there is its alliance with Allbridge to facilitate cross-chain interoperability. Furthermore, the Waves-based multi-asset protocol called Neutrino has seen significant growth. Its total value locked (TVL) increased over 300% in the past month to an all-time high of USD 4.36 billion.