Waves is a cryptocurrency platform with a corresponding token of the same name. Launched in 2016 following an ICO which raised around $16 million in Bitcoin. The platform is intended to be highly scalable, with around 1,000 transactions per second. Anyone can create their own custom token and trade it on the Waves platform. A number of companies have held ICOs using Waves, whose decentralized design is one of its primary selling points. The growth of Waves has resulted in more and more Waves ICOs, as blockchain projects are deciding to use the platform to host their token sales.