Kaspa (KAS) has established a new record in the proof-of-work blockchain space, processing 16 million transactions worth $39.83 million within 24 hours. According to King Crypto on X, these numbers surpass the combined all-time transaction highs of Bitcoin, Ethereum Classic, Litecoin, Dogecoin, and Bitcoin Cash by 2.1 times.
The blockchain network marked this achievement ahead of its planned 10 BPS upgrade. The upgrade aims to enhance network scalability and performance capabilities. The transaction volume demonstrates Kaspa’s processing power in the proof-of-work ecosystem.
If you're spending all your time on the @KaspaCurrency chart, you may not appreciate the major milestone we just crossed this week.For the first time, $KAS broke the record for the most daily transactions EVER on a proof-of-work network with almost 16 million transactions worth… pic.twitter.com/0Yk1sTje4w
— King Crypto (@__kingcrypto__) October 25, 2024
Market data from CoinGecko shows KAS trading at $0.1188. The token registered a trading volume of $108,436,575. KAS experienced price movements with a 6.32% decrease over 24 hours and a 9.35% decline across seven days.
Technical Analysis and Market Sentiment
X user ScapeSquad shared analysis suggesting Kaspa’s potential for a bullish price reversal. The analyst pointed to KAS’s solution to the blockchain trilemma – a technical challenge involving scalability, security, and decentralization trade-offs in blockchain networks.
#Kaspa is primed for a bullish reversal to continue its macro upward trend. $KAS solved the Trilemma.This is a proven fact.Do not fade this golden opportunity. pic.twitter.com/JWoPjeMzwr
— s c a p e . 𐤊 (@ScapeSquad) October 25, 2024
Network Development Updates The upcoming 10 BPS upgrade stands as a focal point for Kaspa’s technical roadmap. This network enhancement targets improved transaction processing capabilities.
The upgrade follows Kaspa’s existing achievement in daily transaction volumes across the proof-of-work sector.
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Price Performance Context
KAS maintains active trading despite recent price corrections. The token’s market activity continues while displaying volatility in short-term price movements. The daily trading volume indicates sustained market participation in KAS trading pairs.
The 24-hour transaction milestone places Kaspa among notable proof-of-work networks in terms of processing capacity. This metric provides context for comparing transaction throughput across blockchain platforms.
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