Waves WAVES

Where WAVES sits in the market

Ranked #557, Waves falls in the top of the small-cap band. The order book absorbs size poorly at this depth: one meaningful market order can reprice the tape by several percent before it retraces minutes later. A lone static price target therefore fires on noise, and what you want is a condition built to survive that wick. Venue coverage is narrow, which makes volume-based delisting a concrete risk rather than a theoretical one.

CryptoPingAi is currently streaming 4 live WAVES order books (Gate.io, HTX, Upbit, Bithumb). That is coverage in line with a #557 ranking: enough books to cross-check a quote, few enough that one of them can dominate price formation for hours at a time. One of them is a Korean won market, so the Kimchi-premium spread between the KRW and USDT quote is visible on this page.

WAVES against its all-time high

More than 95% separates WAVES from its all-time high of $61.30 (on 2022-03-31) — a 278x recovery. At that distance the high stops working as a reference at all; it belongs to a different supply structure, a different holder base and typically a different cycle. What carries information for WAVES now is the downside, so read the range section below before this one. It was set 5 years ago. A reference that old says more about the cycle it belongs to than about the asset as it trades now.

WAVES across its historical range

WAVES has traded across a 468x range, between $0.1309 and $61.30. Any volatility figure quoted for this asset depends heavily on which part of that range it is measured over.

At 68.6% above its record low of $0.1309 (on 2016-08-01), WAVES sits near the edge of its own price history. Nothing has traded beneath that level, so there is no support to reference, no volume shelf and no cost-basis cluster underneath. The low is old enough to have held as a floor across several market regimes — a materially different setup from one printed recently.

WAVES supply and valuation data

Waves sits just outside the band where circulating and total supply are independently verified, so we hold a valuation figure for WAVES but not an audited token count. What we do have is a fully diluted valuation of $22.4 million as of 2026-10-30. That is in the upper quartile of tracked assets by fully diluted value.

Since the figure is a snapshot rather than a live number, we do not reverse it into a supply count: the price has moved since it was taken, and that division would produce a confident but incorrect token count. For any per-token valuation, check the current supply on the project's own explorer first.

What kind of asset WAVES is

Waves is a base-layer network, so WAVES is simultaneously the chain's security budget and its unit of account rather than a claim on a business. Value accrual runs through validator economics and through whatever activity settles on the chain itself. It is secured by proof of stake, so a portion of the supply is bonded to validators at any moment and the float genuinely available to trade is smaller than the circulating figure implies; unstaking queues, not order books, set how fast that can change.

CoinGecko files WAVES under 4 categories, including Ethereum Ecosystem, DWF Labs Portfolio, Proof of Stake (PoS). CoinGecko also records deployments on Ethereum (3,072 tracked tokens), so its on-chain liquidity and its user base move with that network. Worth flagging from the metadata: WAVES is listed in the DWF Labs portfolio.

How to set a Waves alert that is worth receiving

Waves (WAVES) — quoted on 4 venues we stream — high dated 2022-03-31 — rank #557. On this profile the condition that carries signal is thresholds anchored to the recent range rather than to the all-time high.

Full alert-design method: thresholds, RSI/MACD and volume conditions →