Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 1.43% | 8.31% | 11.56% | 24.31% | 25.38% | 1.83% |
Comparison
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | BBybitCEX | KAS/USDT | $0.04305 | $68,028 | $54,330 | $2,254,851 | 10.95% |
| 2 | BBitgetCEX | KAS/USDT | $0.04303 | $67,978 | $57,005 | $1,265,328 | 6.15% |
| 3 | KKrakenCEX | KAS/USD | $0.04311 | $34,660 | $49,677 | $658,176 | 3.20% |
| 4 | BBingXCEX | KAS/USDT | $0.0431 | $41,597 | $43,289 | $398,044 | 1.93% |
| 5 | KKrakenCEX | KAS/EUR | $0.04332 | $1,454 | $9,077 | $318,356 | 1.55% |
| 6 | PPhemexCEX | KAS/USDT | $0.04302 | $6,578 | $5,556 | $50,594 | 0.25% |
| 7 | KKrakenCEX | KAS/USDT | $0.04308 | $6,844 | $12,388 | $24,205 | 0.12% |
| 8 | BBybitCEX | KAS/USDC | $0.04336 | $1,374 | $2,374 | $8,446 | 0.04% |
| 9 | PPoloniexCEX | KAS/USDT | $0.04527 | $0 | $0 | $517 | 0.00% |
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About Kaspa
Kaspa is a proof-of-work layer 1 built as a blockDAG: GHOSTDAG ordering accepts parallel blocks instead of discarding forks, so it reaches ten blocks per second while keeping Bitcoin-style PoW assumptions. It targets users who need frequent, low-fee transfers and composable on-chain conditions, with KAS paying miners. After the Toccata hard fork activated in late June 2026, the script layer gained native covenants and ZK proof verification, so fund flows can be constrained and conditional escrow assembled on-chain without a general-purpose virtual machine.
Covenants attach conditions to where funds go: an output can be restricted to a class of address, unlocked only after a point in time, or paired with another transaction. Asset issuance, conditional escrow and bridge redemption limits assemble from these primitives without a general-purpose VM. Blocks still arrive ten per second, transactions confirm by blue score under GHOSTDAG ordering, and wallets and explorers display depth on the same rule. Block rewards taper by month, with fees accounted separately.
Kaspa's development is anchored in consensus innovation. In 2013, Sompolinsky and Aviv Zohar proposed the GHOST protocol, later cited by the Ethereum whitepaper. In 2016, GHOSTDAG/PHANTOM took shape, laying the theoretical foundation for blockDAG.
On November 7, 2021, the Kaspa mainnet launched with a fair distribution—no pre-mine, no pre-sale, no team allocation. Every KAS traces back to the blank genesis block, a design that became the cornerstone of community trust.
In May 2025, the Crescendo upgrade rewrote the codebase from Go to Rust (rusty-kaspa), raising mainnet block speed from 1 to 10 BPS and achieving ~4,000 TPS, establishing the performance base for future scaling.
In 2026, the Toccata hard fork plans native L1 programmability, integrating KIP-17/20/16/21 for extended script opcodes, contract identifiers, and ZK verifier precompiles. The subsequent DAGKnight upgrade will make consensus parameters adaptive to network latency, replacing fixed assumptions.
These milestones trace Kaspa's path from theory to practice, from pure consensus to a programmable ecosystem.
Upgrades and chain data: The Toccata hard fork went live on June 30 with native covenants and ZK verification, and the network now runs at 10 blocks per second after Crescendo, with 2.418 billion cumulative transactions. Daily active addresses fell 78% between September 17 and 27, while the price rose from $0.0279 to $0.0434 in September, up about 56%.
Supply: The cap is 28.7 billion KAS with no premine; 27.74 billion, or 96.5%, is already mined, leaving little new emission. There is no buyback or protocol revenue, and the next upgrade, DAGKnight, is slated for 2027.
On June 30, 2026 Kaspa's largest upgrade, Toccata, activated on mainnet, adding covenant programmability, native zero-knowledge proof verification, KRC-20 token support, and Silverscript tooling, turning the PoW chain from fast payments into a programmable settlement layer. On September 22 v2.1.0 shipped with chunked syncing via P2P protocol v11, cutting the message limit from 1 GB to 256 MB, and patched a Stratum bridge flaw. In September a dedicated testnet was proposed for the DAGKnight consensus upgrade.
Future strategy and roadmap: Kaspa plans two 2026 hard forks: Covenants++ activates in early May, while DAGKnight and a higher block rate land by end of Q3. It is advancing testnet-13 and the DK v0 devnet, vProgs, and a ZK rollup with a canonical KAS bridge, targeting throughput from about 32 blocks per second toward its 100 bps vision and inviting developers to build stablecoins, vaults and payment channels on covenants.
Kaspa has no corporate structure, no CEO and no board; its core contributors are researchers and open-source developers. Founder Yonatan Sompolinsky earned his PhD at the Hebrew University under Aviv Zohar and proposed GHOST and GHOSTDAG. He later held a postdoc at Harvard studying transaction ordering and MEV, and leads Kaspa's consensus roadmap as chief researcher.
Core developer Michael Sutton also came out of the Hebrew University, where his master's work focused on parallel algorithms; he drove the node rewrite from Go to Rust and the Crescendo hard fork, and co-authored DAGKnight with Sompolinsky. Researcher Shai Wyborski co-wrote the GHOSTDAG paper and works on classical and quantum cryptography, while applied cryptographer Elichai Turkel brought low-level cryptographic implementation experience from Bitcoin Core.