Kaspa (KAS) is facing strong selling pressure, but beneath the surface, network activity is booming.
According to new data shared by the Kaspa Daily account on X, the Kaspa blockchain processed nearly 400,000 transactions in a single day – a major pump compared to typical levels over the past three months. This spike in transaction count reflects growing activity across the Kaspa ecosystem and comes as developers continue testing new apps and features on the network.
The transaction chart clearly shows that since late March, on-chain usage has been steadily rising. After a breakout in early May, the network has seen more consistent peaks, with the latest data marking an all-time high. This means that despite the falling token price, user engagement and utility on the network remain strong.
Kaspa Transaction Volume Surges to 400,000
— Kaspa Daily (@DailyKaspa) June 23, 2025
Kaspa processed approximately 400,000 transactions yesterday. This sharp increase highlights growing activity across the network, likely tied to expanding use cases and early testing of new applications.
The network’s DAG-based… pic.twitter.com/3WuAB3INqW
Kaspa uses a DAG-based (Directed Acyclic Graph) architecture, which allows for fast, parallel processing of transactions. That makes it one of the few layer-1 solutions that can scale without running into major congestion issues. The recent pump in activity reinforces that advantage and could attract more developers and users if adoption continues to grow.
But while on-chain data looks promising, the token price tells a different story.
As of today, KAS is trading around $0.065, down from its earlier highs near $0.14. The RSI (Relative Strength Index) is now deep in oversold territory, signaling that selling pressure may have gone too far. In past cycles, similar RSI levels have often been followed by a short-term bounce or relief rally – especially if broader crypto market sentiment begins to recover.
Technical analysts point out that Kaspa has already dropped below several key support levels, and without a strong reversal signal, the downtrend could continue. However, the oversold indicator combined with rising on-chain engagement paints a more complex picture. It shows that while price is under pressure, the network itself is still growing.
In short, the fundamentals and the chart are moving in opposite directions. Kaspa’s ecosystem is heating up even as traders hit the sell button. If this divergence continues, it might not be long before price starts to play catch-up.
Read also: Most-Talked Cryptos on Social Media-Hint: Not Kaspa
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