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KAS Kaspa's native token KAS shows new momentum
In the past 24 hours, KAS's transaction volume reached US$10.62 million, and its market value climbed to US$801.22 million. According to market data, the asset's daily trading volume has stabilized in a double-digit range for the first time in recent times, with an increase of about 25% on the day.
Surge in trading volume and market capitalization milestone
KAS rose approximately 6.5% in 24 hours, with a real-time market capitalization of approximately US$795 million. The $800 million market value threshold is a noteworthy node for the asset-for most of 2026, it will be trading at a price well below its peak valuation.
Kaspa is a fast, scalable Layer-1 cryptocurrency based on proof of work, driven by the GHOSTDAG protocol. This consensus mechanism allows parallel blocks to coexist and be sorted in a directed acyclic graph structure, rather than discarding competing blocks like traditional blockchains. The project will be launched fairly in November 2021. There is no pre-mining, zero pre-sales, no token allocation, and it is completely managed by the community.
Can KAS return to 2024 highs?
Kaspa reached an all-time high of US$0.2078 on July 31, 2024. The current price is about US$0.029, down about 86% from its peak, meaning a return to 2024 levels requires a significant revaluation. A development that may support this argument is the Toccata hard fork, which introduces smart contract capabilities and KRC-20 token support. The upgrade was completed on June 30, and KAS rose more than 20% in the days before the incident. However, KAS fell 7.8% within 10 hours of post-fork trading, indicating that agreement upgrades do not always translate into continued buying pressure.
Whether the current rebound in trading volume is a real shift in sentiment or a short-term pulse remains to be seen. Traders will be watching closely to see whether KAS can hold on to the US$800 million market cap barrier and continue this momentum in the coming weeks.
