Kaspa (KAS) is a Layer 1 public blockchain based on Proof of Work (PoW), but its core technology completely overturns the traditional linear structure of blockchains. It adopts a BlockDAG (Directed Acyclic Graph) architecture, achieving parallel block generation through the GHOSTDAG protocol, significantly enhancing transaction throughput while maintaining decentralization and security. Its founding team core members Yonatan Sompolinsky and Aviv Zohar are the proposers of the Ethereum GHOST protocol, establishing the technical authority.
Compared to Bitcoin’s limitation of processing 7 transactions per second, Kaspa’s current mainnet supports block generation every second, with a theoretical peak of up to 400 TPS, and plans to increase it to 100 BPS (blocks per second) in the future. Its total supply of KAS is fixed at 2.87 billion coins, with no pre-mining or pre-sale, and is completely fairly distributed through mining. The monetary policy uses a unique “half-decay model”: the issuance decreases smoothly every month (the ratio factor is (,1⁄2)^{1⁄12))), achieving a halving every year to balance deflation and miner incentives.
As of July 7, 2025, the latest price of Kaspa (KAS) on Gate is maintained around $0.17, with a circulating market cap close to $4.21 billion, ranking among the top 40 cryptocurrencies globally. Recent price performance highlights market attention:
There are clear signals of miners and institutions entering the market. Combined with expectations of technical upgrades, KAS liquidity continues to accumulate on mainstream exchanges (such as Gate), providing support for the price.
Multiple institutions provide differentiated predictive models for KAS’s 2025 and long-term trends, but there is a general consensus on its growth potential:
Data Source | Predictions for 2030 | Prediction for the year 2035 | Cumulative Return Rate |
---|---|---|---|
Gate | $0.1191 | – | +57.00% |
Other market models | $0.1380 | $0.2412 | +218% |
Market Consensus | $0.1727 (high) | $0.3329 (high) | Highest +176% |
The driving factors include: deflationary supply mechanism (95% of KAS will be mined before July 2026), expansion of ecological applications, and expectations for the recovery of the PoW track.
The long-term value of Kaspa is anchored in its continuous technological iteration and ecological maturity:
The ultimate proposition of Kaspa is to achieve a balance of the impossible triangle through PoW. If the smart contract ecosystem explodes as expected, it may become a core competitor of the new generation of high-performance public chains, reshaping the efficiency boundaries of decentralized networks.
Kaspa stands out in the PoW public chain with its BlockDAG architecture and dynamic halving model. Although short-term price fluctuations are influenced by market sentiment, its technical redundancy and ecological progress provide a solid foundation for long-term value. For investors, 2025 is a key window to observe the implementation of its smart contracts and the trend of miner migration, with the price range of $0.07–$0.22 potentially serving as an important reference for positioning.