Bored browsing Rootdata, an old project has surged to the top of the hot search, #KAIA , let’s briefly chat about @Kaia Chain

Kaia is a high-performance public chain that enables hundreds of millions of users in Asia to easily access Web3. It is derived from the merger of Klaytn developed by Kakao and Finschia developed by LINE, and is integrated with the KakaoTalk and LINE instant messaging applications, both of which have over 250 million user bases. All users can experience Web3 through the convenience and speed of Web2 in the applications they are already familiar with and love, allowing them to connect, create, collaborate, and contribute to the ecosystem. In simple terms, the Simi-Da team, the communication giants Kakao and Line's partnership launched this L1 public chain, isn’t the slogan of being the gateway to Web3 in Asia a bit dismissive of Dongda? Sorry, Dongda has no Web3...

Looking at the project progress, it started in 2019, with a bumpy road, and finally launched the token yesterday, it still has quite a reputation, being listed on major exchanges, with some opening contracts.

According to DefiLama data, the current on-chain TVL is 57 million, with nearly 50 projects including Leading, LS, DEX, etc., at least it seems to be more than #Sui, but there aren’t any standout projects or innovative content.

At the current price of 0.14 dollars for the #KAIA token, the total market value is 826 million, fully unlocked, the new token on the exchange doesn’t have other coins/meme fluctuations, the market may need to observe more before reaching a consensus on valuation. But personally, I think the frenzy of Crypto in the Simi-Da market, if it really can become the Web3 gateway in Asia, isn’t this valuation too undervalued? Maybe when it gets listed on Upbit, everyone will truly realize the horror of Simi-Da!

New token has risks, profits are self-earned, and losses are borne by oneself. #DYOR