Waves is a blockchain that focuses on the creation and use of blockchain-customized assets, the transfer of fiat currency, crowdfunding, financial instrument transactions, and settlement, and releases the native token WAVES at the same time. Waves provides an open blockchain protocol and a developer toolset. Its ultimate vision is to improve speed, reliability, and security so that traditional businesses and end users can enjoy blockchain technology.

WAVES was issued for the first time in June 2016 at an issue price of approximately US$0.2, and there is no limit to the total planned issuance. At present, a total of 100 million tokens have been issued, all of which are used for circulation. The current unit price is 1.53 US dollars, which has risen by 765%, and the total market value has reached about 152 million US dollars.

The positioning of Waves is large-scale and easy-to-use. It has built a full-featured decentralized crowdfunding, community management, and encrypted information platform, while linking the existing payment network. Its technical advantage is the improved PoS consensus mechanism LPoS, users only need to install a lightweight client, and the token itself is reserved for the full node. At the same time, Waves is built on the Scorex platform, using the current network status to replace all transaction history, and the client side is versatile and easy to use.

Waves was founded by Sasha Ivanov and his team in 2016. Currently, legal currency tokens can be issued on the Waves chain, and users' assets in Waves are directly stored in the wallet. Affected by the war, the development of Waves is currently at a critical time.