# Can I continue to hold $WAVES, which has increased by over 500%? By [Kate](https://paragraph.com/@kate) · 2022-03-29 --- ![](https://storage.googleapis.com/papyrus_images/0025393ee935f6cedf1e2a8c5fea4405e9fcd8d4fa86d94bbaad560820ab1762.png) According to DeFiLlama data, on March 29, the value of crypto assets locked on the Russian native public chain Waves increased 500% from February 1 to date to $3.69 billion, and its native Token WAVES increased 500% from February 1 to date and is now quoted at $47.50. Today's WAVES Analysis ![](https://storage.googleapis.com/papyrus_images/5ddd4c3d2442302a8cef6356f82d0cd295b5c593fc8b42315390b1053ea0fb50.png) $WAVES has seen strong supply at the top after a significant rise, but the supply has not lasted. It has been oscillating at a high level, and the long volume is stronger than the short volume. It rose sharply yesterday and broke through the top of the range oscillation and is now continuing to rise with a healthy chart pattern and can continue to hold. Waves first began in 2016, founded by Russian Ivanov with the initial goal of enabling traditional commerce and its end users to enjoy the benefits of blockchain technology and for individuals to have control over their assets, data and privacy. 6 years on, Waves has evolved into the largest multipurpose blockchain network on Russian soil, with various use cases of DApps running on the network . In addition to providing developers with open source code and a decentralized environment, Waves also offers a variety of specialized tools, including smart contracts, cross-chain protocols, prophecy machines, pass-through issuance, DApps, and other packages that make it easy and scalable for developers to develop and run DApps. Interestingly, this long-born public chain did not venture into the crypto asset bull market last year until the Russia-Ukraine war broke out in February this year. First came the rapid rise in WAVES price, and then the surge in TVLs on the Waves public chain. Some voices suggested that the Russia-Ukraine war drove the ecological scale of the Waves chain to grow because Russia was facing economic sanctions and DeFi might be able to help Russia circumvent them, while Waves itself was built by Russians and was the largest on-chain ecological body in the homeland. This speculation was officially debunked by Waves, and the public chain attributed its growth to technical upgrades. waves developers said on their official Twitter account that the Waves chain was upgraded from 1.0 to 2.0 with improved features, including compatibility with ethereum EVM, support for one-click migration of smart contracts on the ethereum chain, and will work with the cross-chain bridge Allbrigde to attract more crypto assets to the Waves In addition, Waves will launch a decentralized financial fund worth $150 million in the first quarter of 2022, with plans to invest in DeFi products built on the Waves public chain and support their development. With or without the Russian-Ukrainian war, DeFi has been rolled out on the Waves public chain. Before the upgrade, Waves could not interact with other on-chain applications, and the ecology was relatively closed, which also hindered its prosperity. Recently, plans for compatibility with Ether EVM and cross-chain bridges have brought about a cut in growth, with a number of new applications appearing on the chain. This issue of DeFi Honeycomb takes a look at the mainstream DeFi applications on the Waves public chain. A brief introduction to WAVES WAVES is a blockchain focused on the creation and use of custom assets, transfer of fiat currency, crowdfunding, trading and settlement of financial instruments. The team's goal is to provide a stable open platform for payment systems, banks, crowdfunding projects, and to create an ecosystem for community-based projects. Waves is an open blockchain protocol and developer toolset for Web 3.0 applications and distribution solutions, WAVES comes from Russia and was released for crowdfunding and launched on the exchange in 2016, it was created to make the benefits of blockchain technology accessible to traditional business and end users as well, and was originally designed to point out the shortcomings of existing blockchain services. Its vision is to improve the speed, reliability and security of IT systems. It makes it easy for anyone to build their own DAPPs, facilitating the mass adoption of blockchain on the ground. WAVES is a brand new platform, coded from scratch by a team of developers and business people involved in the NXT platform, designed to provide a full-featured decentralized crowdfunding, community management, crypto messaging platform, and connectivity to existing payment networks. The user experience is completely close to a centralized transaction/banking experience. The team's goal is mass adoption and ease of use. Users will experience a one-click installer and a full-featured decentralized trading/crowdfunding platform right in their browser. New developments in WAVES 2022 The Waves blockchain currently has over 2 million user wallets and a vibrant community covering successful projects such as \[Waves.Exchange\], \[Vires.Finance\] and \[[http://WavesDucks.com](http://WavesDucks.com)\]. There are over 100,000 transactions per day in mainnet and over 250 validators with a throughput of thousands of transactions per second. The total value of locks in the network is currently $2 billion, with about 80% of the tokens locked in bets. All of this has been achieved without any venture capital investment in the last 5 years. And in 2022, it's time for Waves to become the ultimate platform for developers, creators and millions of users. To achieve these ambitious goals, Waves is building a multi-core structure. on February 11, 2022, Waves official tweet announced that in 2022 Waves big moves are about to begin! 1. Waves 2.0: New Consensus for Ether VM EVM Support Continued focus on improvements to the current Waves 1.0, such as the new Waves consensus with EVM, which will ultimately enable greater user interaction and engagement and a smoother transition to Waves 2.0. 2. Open Collective: A new governance model - DAO framework The DAO framework will bring new governance to the Waves Open Collective and beyond. 3. Cross-chain finance: a bridge to all chains Through Gravity Bridge and Universal Bridge integration, Waves will attract and increase the liquidity of its platform and create greater accessibility to the ecosystem. 4. Meta: A bridge between digital worlds The Inter Metaverse protocol will support connectivity between different Metaverse to create a more seamless user experience. 5. US companies and gas pedals A $150 million fund and a gas pedal program will facilitate the growth of talented developers joining web3 from web2. WAVES Program Timeline \-March 2022: MVP releases the Inter Metaverse protocol for integrated games \-March 2022: Paper release March 2022: Corporate America Foundation \-April-May 2022: U.S. Team Incubator Launch \-April 2022: Waves 2.0 paper release \-June 2022: Mother Knife launch \-June 2022: Gravity Bridge MVP launch \-2022: EVM MVP release Waves has become the bull market leading Web3 public chain and I will stay tuned for the long term. Welcome to join the noheredao family, we work together and believe in each other to make this organization better, to make ourselves better, to make life better and to make the loved ones around us better! ![nowhereDao](https://storage.googleapis.com/papyrus_images/ba66c852a5de9874ee6e6e99cc79eab8cea7614f658dd7dbf2d493f57cb9a5c9.jpg) nowhereDao @nowhereDAO DC\_link：[https ://discord.gg/bnp6GXacdn](https://discord.gg/bnp6GXacdn) --- *Originally published on [Kate](https://paragraph.com/@kate/can-i-continue-to-hold-waves-which-has-increased-by-over-500)*