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.

