Kaspa crosses 2.3 billion transactions as Ethereum L2s keep losing ground
Kaspa processed over 2.4 billion transactions on its mainnet, according to on-chain data. The network's block rate increased tenfold post-Crescendo hard fork in May 2025, and it added a programmability layer with the Toccata hard fork in June 2026. Despite this, KAS trades around $0.0425 with a market cap near $1.18 billion. Meanwhile, Ethereum L2s are losing users and liquidity, with some shutting down.
How this was made
The 30-second read
Why it matters
The article showcases network growth but does not indicate new demand or partnerships that could move the token price.
Market read
Interest for traders is limited to those tracking blockchain scalability metrics; no clear trading trigger.
What to watch
Potential regulatory scrutiny of PoW mining and energy consumption could dampen enthusiasm.
Background
Kaspa is a proof‑of‑work blockchain that recently upgraded its protocol (Crescendo and Toccata) to increase block speed and add smart‑contract capabilities.
Ticker impact
Kaspa's network processed over 2.4 billion transactions, a new milestone after recent hard forks, but price remains around $0.0425.
likely limited pressure as market awaits real usage beyond transaction counts
Technical metrics improved; however, token price is bearish and volume modest, suggesting no near‑term move.
Market effects
Highlights proof‑of‑work scalability, may influence investor view of PoW vs. rollup competition.
Limited to crypto‑focused markets; no broader regional effect.
Modest, as the story is niche to blockchain infrastructure enthusiasts.
Counterpoint
Despite high TPS, lack of applications could keep KAS undervalued relative to peers.
Key entities
- cryptocurrencyKaspa
Proof‑of‑work blockchain token (KAS).
