Yes, Kaspa has a maximum supply, pegged at 28.7 billion KAS, a figure hyped as proof of scarcity, yet does it hold under scrutiny, or is it mere marketing smoke? With over 90% already circulating—26.15 billion as of May 2025—this so-called rarity feels dubious, demanding hard evidence beyond blind enthusiast trust. Don’t swallow the buzzwords; question the narrative. Stick around to uncover the raw truth behind these numbers.
How often do cryptocurrency enthusiasts blindly trust claims of scarcity without digging into the hard numbers? Too often, they gobble up buzzwords like “finite supply” without a shred of skepticism, assuming value will skyrocket on hype alone. Kaspa, a lesser-known player in the crypto arena, boasts a maximum supply of 28.7 billion KAS coins—a cap that’s supposed to scream rarity, right? But let’s cut through the fog and demand answers: does this number hold up under scrutiny, or is it just another shiny distraction?
Look at the cold facts, not the marketing gloss. As of May 10, 2025, Kaspa’s circulating supply sits at roughly 26.15 billion KAS, perilously close to that so-called ceiling. With over 90% already out there, one might smirk at the “scarcity” narrative—doesn’t feel so exclusive now, does it? Yet, the finite cap, designed to dodge inflationary rot, could still prop up value if demand spikes. But don’t nod off just yet; the devil’s in the emission schedule, a sneaky beast that halves rewards yearly through smooth monthly cuts, unlike Bitcoin’s clunky four-year halving drama. Calculated at (1/2)^(1/12), it’s a slow bleed, not a sudden chop—fancy math for a drawn-out tease. This emission design ensures a predictable reduction in coin issuance over time, aligning with Kaspa’s long-term scarcity goal. Additionally, Kaspa’s economic model burns transaction fees to further reduce supply over time, enhancing the deflationary pressure. Understanding the current market dynamics requires tracking reliable sources that update Kaspa’s circulating supply figures regularly.
Then there’s the chromatic phase, Kaspa’s self-proclaimed genius, tying block rewards to a 12-note musical scale, halving annually but sliding down monthly like semitone frequencies. Cute, isn’t it? But strip away the artsy gimmick, and it’s just a geometric decay, taking 36 years from the 2021 launch for rewards to effectively hit zero, assuming one block per second. By 2024, 76.3% of the supply—21.9 billion KAS—was already mined, per milestones. Scarcity? Sure, eventually—when miners are left scraping transaction fees post-cap.
Frequently Asked Questions
What Is Kaspa’s Total Market Capitalization?
Kaspa’s total market capitalization currently ranges between $2.78 billion and $3.1 billion USD, as reported by various data sources. This valuation reflects the product of its circulating supply and current market price.
How Does Kaspa’s Technology Work?
Kaspa’s technology operates on a blockDAG structure, utilizing the GHOSTDAG protocol to order parallel blocks. This enables high transaction throughput, fast confirmations, and scalability while maintaining security through a Proof-of-Work consensus mechanism.
Who Created Kaspa and Why?
Kaspa was created by Yonatan Sompolinsky, a Harvard researcher, to address blockchain limitations like slow transaction speeds and scalability issues. His goal was to achieve security, scalability, and decentralization through innovative technology.
Where Can I Buy Kaspa Coins?
Individuals seeking to purchase Kaspa coins can explore centralized exchanges like KuCoin, Kraken, and Bybit, or decentralized options like OKX DEX. Direct purchases via Kaspa’s website or swapping services are also available.
What Are Kaspa’s Main Competitors?
Kaspa’s main competitors include Bitcoin, known for its market dominance, Ethereum with its smart contract platform, Litecoin offering faster transactions, and Kadena, which focuses on braided-chain scalability and integrated smart contract capabilities.
