Kaspa is going through an interesting phase right now. On one side, the network is showing some of its strongest usage numbers ever. On the other side, the KAS price is still under clear selling pressure on the charts.
The latest data shows over 5.62 million unique transactions processed in just 24 hours, with a peak of 1.68 million transactions in a single hour. That level of activity is not something you usually see in a mid-cap Layer-1 network, especially during a weak price environment. Even more interesting, this happened while KAS continued trading lower, showing a clear gap between usage and price action.
What you'll learn 👉
Kaspa Network Activity Hits Record-Like Levels
We took a look at Renksi’s data, and the sheer volume of activity jumps right out. Over 24 hours, the network logged 5,623,830 unique transactions, averaging around 65 transactions per second. It’s genuine, ongoing use, no artificial spikes here.
One hour saw a massive spike of 1.68 million transactions, something usually unheard of in blockchains. Only Kaspa’s BlockDAG structure could support that, letting transactions process in parallel instead of getting stuck in a single-chain queue.
What also matters is that this activity wasn’t limited to one segment of the ecosystem. Igra L2 alone contributed over 53,000 transactions, while Kaskad L2, Kasia, and KRC inscriptions also showed steady usage. This suggests real application-level interaction, not just base-layer transfers.
Technical Setup for the KAS Price
Even with strong network usage, the KAS price is still in a corrective phase on the 4H timeframe. Price didn’t stick above the $0.035–$0.036 zone and fell with a bunch of lower highs and lows. The 100-period SMA sits at $0.03196, serving as solid resistance.
Since price stays below that, sellers clearly have the upper hand in the short term. Currently, the KAS price is near the $0.029–$0.0297 range, doing some consolidation. If that support holds, we could see a bump back up to around $0.031.
But if KAS falls through that spot, it’ll likely drop to the next support area at $0.027–$0.028. Momentum indicators are not deeply oversold, with RSI near 46.73. That keeps the door open for either sideways movement or further downside before any strong recovery attempt.
Read Also: June 30 Is Almost Here for Kaspa: Will Toccata Finally Wake Up KAS Price?
Ecosystem Expansion vs Market Pressure
Beyond price action, Kaspa’s ecosystem is also moving forward. The Toccata hard fork is in its final test phase on Testnet-10, and a mainnet upgrade is expected between June 5 and June 20, 2026. This update will push Kaspa closer to being a programmable Layer 1 by introducing native token standards and smart contract abilities. So, it’s a big deal for the platform’s development.
There’s also growing ecosystem development on top of Kaspa. The Kaskad lending protocol recently went live, and its governance token listed on MEXC. That adds another layer of DeFi activity to the network, which has mostly been known for fast payments until now. At the same time, price action has not kept up. KAS has been one of the weaker performers in recent sessions, reflecting ongoing selling pressure even as development continues.
What Comes Next for KAS Price
Right now, keep an eye on $0.029. If the price stays there, there’s a chance for a short-term rebound towards $0.031. But if that zone falls, prices might drop to around $0.027-$0.028. On the positive side, for any real recovery, the price needs to beat $0.03196, which is the 100 SMA. Prices would need to push higher to confirm this trend with a strong move past $0.035.
For now, the KAS price is under short-term pressure. Still, what’s happening on-chain tells a different story. With 5.6 million daily transactions and a strong spike in hourly usage, the network is clearly active. The market is now waiting to see whether price eventually catches up to that activity or continues to lag behind.
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