Kaspa's market cap passes $1 billion after a 25% week

KAS Breaks $1 Billion as Volume Surges

Kaspa's native token $KAS hit $0.03714 on September 10, up roughly 4% on the day and more than 25% over the prior week, pushing the network's market capitalisation to approximately $1.02 billion. The move marks a notable recovery for the asset. According to CaptainAltcoin, Kaspa has not consistently commanded a $1 billion valuation since the earlier part of 2026.

Trading volume reached $31.84 million on the day, a jump of nearly 119%, equivalent to about 3.08% of the total market cap. The spike in volume suggests renewed buyer interest rather than a low-liquidity drift higher.

On the supply side, 27.69 billion KAS are currently in circulation out of a hard cap of 28.7 billion, putting the fully diluted value at around $1.06 billion. As noted by Bitcoin Ethereum News, with roughly 96% of all coins already mined, new issuance continues to shrink, reducing the steady sell pressure that typically weighs on proof-of-work networks.

What Sets Kaspa Apart

Kaspa is a fair-launched, proof-of-work network that runs a blockDAG architecture rather than a conventional linear chain. Per the official Kaspa Wiki, its GHOSTDAG protocol does not discard blocks created in parallel but instead allows them to coexist and reach consensus, enabling the network to currently process 10 blocks per second with a target of 100 blocks per second under future upgrades. The project launched in November 2021 with no premine, no insider allocation, and no presale, with every coin in circulation mined openly from genesis.

Those structural factors, a tightening supply schedule and an upcoming scaling roadmap, are increasingly cited by analysts as reasons the current rally may carry more weight than a simple short-squeeze bounce.

Sources:
CaptainAltcoin: Kaspa Price Explodes 25% as KAS Closes In on $1 Billion Market Cap
Bitcoin Ethereum News: KAS Breaks the Pattern That Held It Down for Months
Kaspa Wiki: Official Protocol Overview