What Kaspa is built to do
Kaspa (KAS) is a proof-of-work Layer-1 blockchain, currently ranked 58th by market capitalization among the assets we track. Kaspa is a base-layer proof-of-work blockchain: it runs its own network, settles its own transactions, and pays miners in KAS to keep the ledger honest. There is no parent chain underneath it.
Kaspa (KAS) is a high-performance blockchain that utilizes a blockDAG architecture, enabling fast and secure transactions with a unique consensus mechanism. Its design aims to provide scalability and efficiency for decentralized applications.
How the network stays secure
Because blocks are produced by mining, the cost of attacking Kaspa scales with the hardware and energy securing it. The heavier the mining base, the harder the chain is to reorganize.
Under the hood, KAS secures its ledger with Proof of Work, built on the HeavyHash algorithm.
Background & fundamentals
Kaspa first went live in 2021, giving it roughly 5 years of on-chain price history to draw on. Its codebase is open-source, meaning the implementation can be audited rather than taken on trust. CoinPaprika classifies the project's development status as "Working product".
In sector terms it is most often filed under Cryptocurrency, Proof Of Work, and Layer 1 (L1).
Where Kaspa sits in the market
Trading around $0.0299, Kaspa carries a market capitalization of $798.81M. Around $19.35M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 2.42% of the float — a healthy level of activity for an asset this size.
About 96% of the hard cap of 28.7B KAS has been minted, leaving only modest issuance ahead. KAS remains -86% beneath its all-time high of $0.2076, the kind of gap that historically takes a full cycle or a fresh catalyst to close. Measured from its all-time low of $0.00860200, KAS is up +247%.
What the price history shows
Recent moves read 24-hour -2.58%, 7-day +2.13%, 30-day -10.10%, 1-year -66.22%. Across roughly the last 366 days of daily candles, KAS endured a peak-to-trough drawdown of about 76% before stabilizing.
Volatility profile
Recent action puts Kaspa in the Moderate-volatility band — it shows the kind of price movement common in mid-cap crypto assets — meaningful but not unusual. Over the last 30 days the move totals -10.10%, a useful input for stop placement and position sizing.
How to read Kaspa as a proof-of-work asset
A grounded read on KAS comes down to three questions:
- Security budget — whether mining rewards plus fees are enough to keep hash power — and therefore attack cost — high.
- Issuance schedule — how new KAS enters circulation and when emissions taper. Disinflation is a core part of the bull case for PoW coins.
- Settlement demand — whether the chain is actually used to move value, since fee revenue eventually has to carry security as block subsidies shrink.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
