
Kaspa is one of the fast growing blockchain projects right now. It is working hard to build a unique ecosystem with technology that could change the entire crypto space. The recent updates show how serious the team is about growing.
For example, the Crescendo v1.0.0 hard fork made Kaspa’s network faster by reaching 10 blocks per second and rewriting the codebase in Rust for better performance. The network also rolled out the DAGKNIGHT consensus upgrade, which made transactions faster and safer. The Zealous Swap testnet added new trading features with market-making and NFT-inspired fees. Developers also got a new Python SDK, which makes it easier to build apps on Kaspa.
Other efforts include work on pruning to reduce storage, the launch of the Kasrate mining pool, and preparations for the Caravel testnet that will bring EVM compatibility. Kaspa also introduced the KRC20 token standard, which will support smart contracts and decentralized finance.
All these upgrades show why more people are paying attention to Kaspa.
What you'll learn 👉
Cardano Struggles to Keep Up
Cardano, or ADA, has been a top cryptocurrency for years. It often stays in the top ten by market cap. But if you look closer, its performance and usage have been disappointing. Many people hoped Cardano would lead the next wave of blockchain growth, but things are not going well.
There are a number of reasons investors might want to avoid ADA as a long-term investment and think about newer projects like Kaspa. Some important reasons include the following:
Cardano’s network is not being used enough. Cardano averages about 70,000 transactions each day, which is small compared to Ethereum’s more than a million daily transactions or Tron’s almost 9 million. Cardano’s daily active addresses are around 40,000, but Ethereum and Solana have hundreds of thousands. In decentralized finance, Cardano has about $250 million locked in its protocols, while Ethereum has over $60 billion and Arbitrum has $2.4 billion. This shows that developers and users are not seeing enough value in Cardano.

Second, the ADA price has not been strong. In late 2024, ADA traded close to $1.30, which looked good. But it has dropped to around $0.55 now, which is over 80% below its all-time high. Other cryptos like XRP, SUI, and SEI have done much better this year, showing stronger growth and interest.
Third, the competition is getting tougher. Today’s crypto space is much more crowded than before. Back in 2021, Cardano mainly competed with Ethereum and a few other platforms. But now, projects like Solana, Sui, Sei, and Aptos are growing fast. These newer chains are quicker, cheaper, and more attractive for developers. For example, Sui has almost $640 million in stablecoins on-chain, which is far more than Cardano. This shows newer chains are taking a lot of market share.
While Cardano still has loyal supporters, the data shows it is falling behind as faster technologies move forward.
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Kaspa in the Top 10 and Passing Cardano
With all of this in mind, it is not crazy to think that Kaspa could become a top 10 cryptocurrency and even pass Cardano’s market cap. Kaspa’s technical improvements, growing developer support, and clear focus on performance give it a big advantage. Meanwhile, Cardano’s slow progress and weak adoption make it likely to lose ground.
As Kaspa keeps attracting developers, miners, and users with its fast network and upcoming EVM compatibility, its ecosystem could grow quickly. This could lead to big increases in KAS price and market cap, helping Kaspa move past older projects like Cardano.
How Much Would KAS Be Worth at Cardano’s Market Cap?
So what would the KAS price look like if it reached Cardano’s current market cap? Right now, Cardano’s market cap is about $20 billion, while Kaspa’s is around $2 billion. This means Cardano’s valuation is 10 times higher than Kaspa’s today.
Kaspa has a circulating supply of about 26.3 billion KAS and is trading around $0.075 right now. If Kaspa’s market cap grew to match Cardano’s $20 billion, the KAS price would be about $0.75. This price comes from multiplying the current price by 10, since the number of coins in circulation would stay the same.
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This means that if Kaspa keeps growing and reaches Cardano’s market cap, KAS holders could see big gains. At $0.75 per KAS, early investors could earn almost 900% returns from today’s price. Kaspa’s recent progress and developer activity make this kind of growth possible in the next few years.
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