LAVA (ELY) Price

LAVA is the native cryptocurrency of the Elysium blockchain, a Layer 1 solution developed by Vulcan Forged. As the backbone of the Elysium ecosystem, ELY plays a crucial role in powering transactions, smart contracts, and decentralized applications on the network. Key features of LAVA: - Current price: $0.002998 - 24h change: -53.60% - Market cap: $1.16M - Circulating supply: 389.03M ELY - Total supply: 1.00B ELY - All-time high: $0.179000 (reached on August 4, 2024) LAVA is designed to facilitate seamless interactions within the Elysium ecosystem, particularly in gaming and metaverse applications. It enables users to participate in governance, stake for network security, and access various services on the platform. Vulcan Forged, the team behind LAVA, is focused on revolutionizing blockchain gaming. Their ecosystem includes Vulcan Studios for game development and MetaScapes for creating unique metaverse experiences. As of 2026-05-09, LAVA ranks #2406 among all cryptocurrencies by market capitalization. With its strong focus on gaming and metaverse applications, LAVA aims to drive adoption and innovation in the rapidly evolving blockchain gaming sector.

LAVA was created in July 2018. The project launched its native token ELY on the Ethereum blockchain on July 19, 2018. Since then, LAVA has evolved into a Layer 1 blockchain solution called Elysium, developed by Vulcan Forged. Elysium aims to provide a robust and scalable infrastructure specifically tailored for blockchain gaming and metaverse applications. The ELY token serves as the native cryptocurrency of the Elysium blockchain, powering transactions and interactions within its ecosystem.

The founders of LAVA are Jamie Thomson and Demetrios Zamboglou. Jamie Thomson serves as the CEO of Vulcan Forged, the company behind LAVA, while Demetrios Zamboglou is the COO. They launched LAVA as the native token of the Elysium blockchain, which is designed specifically for gaming applications. The Elysium chain and ELY token were developed as part of Vulcan Forged's vision to create a robust blockchain infrastructure tailored for gamers and game developers. This founding team aims to revolutionize the gaming industry by seamlessly integrating blockchain technology with immersive gaming experiences, positioning LAVA at the forefront of the play-to-earn and blockchain gaming movement.

LAVA operates on the Elysium blockchain, a Layer 1 solution developed by Vulcan Forged. As the native token of Elysium, ELY powers transactions and smart contracts within the ecosystem. It utilizes a Proof-of-Stake consensus mechanism for fast and energy-efficient block validation. ELY serves multiple functions: 1. Transaction fees: Users pay network fees in ELY for operations on Elysium. 2. Staking: Token holders can stake ELY to secure the network and earn rewards. 3. Governance: ELY holders can participate in on-chain voting for protocol upgrades. 4. Gaming utility: ELY is integrated into Vulcan Forged's blockchain games for in-game purchases and rewards. 5. Metaverse building: Creators can use ELY to access MetaScapes, Vulcan Forged's 'Metaverse as a Service' platform. The total supply of ELY is capped at 1.00B ELY, with 389.03M ELY currently in circulation. The token's value is driven by network usage, adoption of Vulcan Forged games, and overall growth of the Elysium ecosystem.

LAVA utilizes a Layer 1 blockchain architecture called Elysium. Key features include: - Custom-built for gaming applications - Robust, secure, and highly scalable infrastructure - Native ELY token powers the ecosystem - Designed to enable seamless integration of blockchain and gaming The Elysium chain provides the foundation for LAVA's broader ecosystem, which includes: - Vulcan Studios: Develops immersive blockchain games - MetaScapes: 'Metaverse as a Service' system for creators - Decentralized asset ownership and trading This architecture allows LAVA to offer unprecedented ownership of in-game assets and experiences, positioning it as a gateway to the next era of blockchain gaming. The ELY token plays a central role in facilitating transactions and governance within this ecosystem.

LAVA has an ambitious roadmap for the future. Key milestones include: 2026: Expanding the Elysium blockchain ecosystem and onboarding more game developers. 2027: Launching new blockchain games and metaverse projects powered by LAVA. 2028: Implementing cross-chain interoperability to connect LAVA with other major networks. 2031: Establishing LAVA as a leading platform for blockchain gaming and metaverse experiences. 2036: Aiming for widespread adoption of LAVA in the gaming industry and beyond. The team is focused on continuous technological improvements, partnerships, and community growth. With its innovative approach to blockchain gaming, LAVA is well-positioned for long-term success in the evolving Web3 landscape. While the current price is $0.002998, the project's potential suggests significant room for growth as it executes its roadmap and gains adoption in the coming years.

LAVA is experiencing an upward trend due to increased adoption in gaming and metaverse projects. The launch of new blockchain games utilizing ELY and growing interest in its L1 blockchain technology have contributed to rising demand and positive price momentum.

LAVA is dropping due to market volatility and profit-taking after recent gains. The current price is $0.002998, down -53.60% in the last 24 hours. However, long-term fundamentals remain strong, with a market cap of $1.16M and growing adoption in the gaming sector.

LAVA has potential for significant growth. Based on market trends and expert predictions, ELY could reach $0.002998 by 2027, with further increases to $0.000740 possible by 2031. However, cryptocurrency prices are highly volatile and difficult to predict long-term.

LAVA price movements are unpredictable, but analysts expect potential growth in 2027-2028 as adoption increases. Monitor market trends and project developments for more accurate predictions.

The current price of LAVA (ELY) is $0.002998. As the #2406 cryptocurrency by market cap, ELY has seen a -53.60% change in the last 24 hours with a trading volume of $89.20K.

The highest price LAVA has ever reached is $0.179000. This all-time high was recorded on August 4, 2024.

The lowest price LAVA has ever reached is $0.000170. This all-time low occurred on January 10, 2025.

Currently, 1 ELY is worth $0.002998.

LAVA is valuable as the native coin of Elysium blockchain, a Layer 1 solution tailored for gaming. It powers a dynamic ecosystem merging blockchain and gaming, offering unprecedented ownership of in-game assets. With a limited supply of 1.00B ELY tokens and current price of $0.002998, LAVA has potential for growth in the expanding blockchain gaming sector.

The total supply of LAVA (ELY) is 1.00B ELY, with a circulating supply of 389.03M ELY. The maximum supply is capped at 1.00B ELY.

Mining LAVA (ELY) can be profitable, depending on factors like electricity costs and mining equipment efficiency. With a current price of $0.002998 and a market cap of $1.16M, ELY mining offers potential returns. However, profitability fluctuates with market conditions and mining difficulty.

LAVA was launched on July 19, 2018. This date marks the official release of the ELY token on the Ethereum blockchain, introducing it to the cryptocurrency market.

Currently, one ELY costs $0.002998.

You can buy LAVA through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy ELY at $0.002998.

To purchase ELY, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to ELY trading pair, enter purchase amount, and confirm your transaction. Store your ELY in a secure wallet for safekeeping.

Yes, LAVA is considered safe and legitimate. As the native token of the Elysium blockchain developed by Vulcan Forged, ELY has a solid foundation in the gaming and metaverse sectors. With a current price of $0.002998 and a market cap of $1.16M, LAVA demonstrates stability and potential for growth in the Web3 space.

LAVA is the native coin of Elysium blockchain, a Layer 1 solution by Vulcan Forged. It powers a gaming-focused ecosystem, enabling immersive blockchain games, metaverse creation, and unprecedented ownership of in-game assets. LAVA aims to revolutionize the gaming industry through blockchain technology.

Elon Musk does not have an official cryptocurrency named after him. The LAVA (ELY) is not associated with Elon Musk. It is an independent blockchain project focused on gaming and metaverse applications.

Currently, LAVA (ELY) is one of the hottest cryptocurrencies. Ranked 2406, it's trading at $0.002998 with a 24-hour volume of $89.20K. Its market cap stands at $1.16M, making it a top performer in 2026.

As of 2026-05-09, LAVA (ELY) is worth $0.002998. The price has changed -53.60% in the last 24 hours, with a trading volume of $89.20K. The current market cap stands at $1.16M.