How Can On-Chain Data Analytics Reveal Kaspa (KAS) Price Trends in 2025?

Active addresses surge by 28% in July 2025, signaling increased network adoption

In July 2025, Kaspa’s network experienced a significant surge in active addresses, with a 28% increase compared to the previous month. This remarkable growth reflects heightened user engagement and expanding adoption across the KAS ecosystem. The sharp rise in active addresses correlates strongly with other positive network metrics, indicating genuine user interest rather than speculative activity.

This growth is particularly notable when examined alongside KAS’s price performance during the same period:

The parallel increase in both network activity and market performance suggests strengthening fundamentals for the Kaspa ecosystem. Technical indicators further support this bullish outlook, as KAS continues to form higher lows after bouncing from the critical $0.07 support level.

This surge in active addresses doesn’t stand alone—it comes amid broader growth in the DAG-based technology sector. As a proof-of-work project with growing infrastructure, Kaspa’s increasing network participation validates its technological approach and positions it favorably against competing Layer 1 solutions. The data demonstrates that Kaspa is gaining legitimate traction beyond speculative interest, potentially signaling the beginning of more widespread institutional and retail adoption.

Transaction volume reaches $1.2 billion daily, up 45% from previous quarter

Kaspa’s transaction volume has witnessed an unprecedented surge, now reaching an impressive $1.2 billion daily, marking a 45% increase from the previous quarter. This remarkable growth trajectory demonstrates the increasing adoption and trust in the KAS ecosystem. The substantial volume increase reflects heightened market activity across the network’s 192 active markets where KAS is currently trading.

When examining the growth pattern over recent quarters, the data reveals a compelling story:

This exponential growth coincides with Kaspa’s network development and expanded market presence. Earlier reports during the Crescendo rollout indicated Kaspa reached over $700,000 in daily transaction value, highlighting the extraordinary scale of recent growth. The current $1.2 billion daily volume represents a fundamental shift in Kaspa’s market position and validates its increasing significance in the cryptocurrency ecosystem.

Industry analysts attribute this volume explosion to Kaspa’s technical advantages, including its DAG architecture and robust PoW mechanism, which have attracted both retail and institutional participants seeking efficient transaction processing capabilities. This volume growth firmly establishes Kaspa among the top cryptocurrencies by actual usage rather than merely speculative trading.

Top 100 wallets control 62% of KAS supply, indicating high concentration

The distribution of cryptocurrency holdings often reveals important insights about a project’s decentralization. In Kaspa’s case, the concentration of wealth is particularly noteworthy. Data analysis shows that the top 100 KAS wallets currently hold 62% of the total supply, highlighting a significant wealth concentration issue within the ecosystem.

This concentration pattern can be understood by examining the distribution across wallet categories:

Such concentration raises important considerations for investors and the ecosystem as a whole. With nearly two-thirds of the supply controlled by just 100 addresses, questions emerge about true decentralization and potential market manipulation risks. This pattern actually follows a common trend observed across many cryptocurrency projects where early adopters, founding teams, and large investors often control substantial portions of the supply.

The high concentration also impacts market dynamics - these large holders (commonly referred to as “whales”) can significantly influence price movements when they decide to buy or sell substantial amounts of KAS. For potential investors, understanding this concentration is crucial when evaluating Kaspa’s long-term potential and stability as a decentralized network.

On-chain fees trend downward by 15%, enhancing network affordability

Kaspa’s on-chain transaction fees have recently decreased by 15%, marking a significant improvement in the network’s overall affordability. This reduction stems primarily from increased block space availability and lower network congestion, allowing users to complete transactions at substantially lower costs. Even during periods of heavy network usage, KAS transaction fees remain remarkably affordable, costing just fractions of a cent per transaction.

The fee structure comparison before and after the reduction demonstrates clear benefits for users:

This fee reduction makes Kaspa increasingly competitive as a payment solution for everyday transactions. The enhanced affordability directly addresses one of the primary challenges facing blockchain adoption - transaction costs that can become prohibitive during network congestion. Data from network activity shows that despite growing transaction volume, the cost efficiency has improved rather than deteriorated, validating Kaspa’s scalable approach to blockchain infrastructure. With fees maintaining their low levels, KAS continues to position itself as a practical and economical option for users seeking efficient digital transactions.