Kaia (KAIA) coin is a cryptocurrency and a Layer 1 public blockchain equivalent to Ethereum.
Kaia was developed to enable hundreds of millions of users in Asia to use Web3 through their preferred messaging superapps.
This blockchain achieves 4,000 real-world transaction seconds using the Practical Byzantine Fault Tolerance (pBFT) consensus mechanism, enabling near-instant transactions with a 1-second block time and instant absolute final confirmation.
KAIA tokens are traded on centralized cryptocurrency exchanges and can be purchased or traded. Kaia was created by merging the Finschia and Klaytn blockchains, which increased the total supply.
Information such as market value and trading volume can be tracked in real time on cryptocurrency tracking platforms.
KAIA’s market cap is calculated by multiplying the token price by the circulating supply, and this value is updated on cryptocurrency tracking sites like Binance. KAIA is ranked by market cap among cryptocurrencies and is often evaluated among smart contract platforms.
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Layer-1 blockchain from two major chat apps in Asia
Launched as the world's fastest EVM blockchain with 1-second finality, ultra-low gas fees, and support from leading Asian web3 partners like Kakao and LINE NEXT
Kaia was created in April as a result of the merger of Kakao’s Klaytn and LINE’s Finschia.
LINE is a leading chat app in Japan, Taiwan and Thailand, while Kakao leads a messaging program used by 96% of South Koreans. According to the press release, the two apps have a combined total of over 250 million users.
Through its close interaction with messaging apps Kakao and LINE, Layer-1 blockchain aims to solve Web3’s user experience and distribution issues. Ultimately, it aims to create an ecosystem that supports DeFi, gaming, real-world assets, and web-based chatbots.
Through its NEXT WEB software development kit (SDK), Kaia aims to enable developers to create small dApps (distributed applications) on LINE Messenger, thus enabling “Telegram-style native app integration.”
“By leveraging Kaia’s low TX latency, account abstraction, and fee delegation capabilities, developers can create a seamless user experience from start to finish while expanding their reach to hundreds of millions of LINE users,”
Alongside the mainnet launch, a developer support program called Kaia Wave was also announced. Using the NEXT WEB SDK, eligible teams will receive marketing, technology, and business support worth $1.2 million per team. Future token production events and liquidity support are also among the other benefits.
Here is the latest information about Kaia (KAIA) coin:
- Current Price: Kaia's price today is approximately $0.2564 USD. The 24-hour volume is $100,768,060 USD and the price is down 6.06% in the last 24 hours.
- Market Cap: Kaia has a market cap of $1,633,881,045 USD and is ranked#77on CoinMarketCap.
- Circulating Supply: Kaia's circulating supply is 5,895,079,875 KAIA.
- Trading on Exchanges: KAIA tokens are traded on various centralized exchanges. Among the most popular exchanges is Binance. Especially on Binance, the KAIA/USDT pair is quite active, recording a trading volume of $42,386,484.88 in the last 24 hours.
- Finschia and Klaytn Merger: Kaia was formed by the merger of Finschia and Klaytn. It is stated that the total supply will increase after this merger.
- Community and Market Situation: The community has a generally positive outlook on Kaia's future. However, investors should be careful given price fluctuations and market conditions.
Kaia was created in April as a result of the merger of Kakao’s Klaytn and LINE’s Finschia. LINE is a leading chat app in Japan, Taiwan and Thailand, while Kakao operates a messaging program used by 96% of South Koreans. The two apps have a combined user base of more than 250 million, according to the press release.
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