Kaspa (KAS) launched its KRC-20 tokens two days ago, and it has been a big success. However, KAS saw a modest 3.28% rise in its price.

Crypto Analyst “@Mikroweller” shared a 24-hour recap with his 6.6k followers on X yesterday, saying that the network achieved record-breaking performance over the past day, pushing the boundaries of Proof of Work (PoW) chains. However, this event has positioned Kaspa as a standout in the blockchain space.

Weller mentioned that the Kaspa network handled more than 13 million transactions within 24 hours, marking an impressive feat in the world of PoW blockchains.

Typically, the network processes around 30,000 transactions per day, but the recent KRC-20 token launch saw an increase of over 400 times the usual volume. However, the analyst added that this level of activity sets a new benchmark for Kaspa and other PoW chains.

Furthermore, with this surge in traffic, Kaspa miners also experienced a rewarding payday. Over 21 million $KAS were collected in transaction fees during this period. If the network can maintain even a fraction of this volume, it is expected that more miners will be attracted to Kaspa due to its profitable nature.

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The analyst stated that the Kaspa blockchain demonstrated its capability by consistently managing an average of 200 transactions per second (TPS) throughout the token launch. 

The highest recorded TPS was around 1,000, as per Kaspalytics, showcasing the scalability and efficiency of the network. Moreover, over 80,000 unique addresses participated in the KRC-20 token launch, highlighting the strong demand for Kaspa-based tokens.

Furthermore, a key aspect of Kaspa’s success was its ability to maintain stability under pressure. The memepool, which temporarily stores unconfirmed transactions, handled over 140,000 queued transactions at its peak. Despite some Kaspa nodes running on less powerful hardware, such as Raspberry Pis, the network continued to perform efficiently.

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Mikro Weller mentioned that over 156 tokens were deployed during the first 24 hours of Kaspa’s KRC-20 launch, including popular tokens such as $NACHO, $GHOAD, and $SOMPS. Many of these tokens have already been fully minted, reflecting the high demand for new assets on the Kaspa network.

Though some minor issues arose with the KasWare wallet, leading to a few users losing funds, the overall launch has been praised as a historic moment for Kaspa. According to @mikroweller’s tweet, the KRC-20 launch successfully demonstrated Kaspa’s strength and ability to manage large-scale traffic without compromising its performance.

Image Source: X/Mikroweller

Finally, as Kaspa prepares for its next development phase, the network is expected to grow even stronger. With plans to reach 10 blocks per second (BPS) early next year, Kaspa’s potential to become one of the most capable blockchain networks is within reach. For now, the success of the KRC-20 launch has solidified Kaspa’s position as a major player in the blockchain space.

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The post Here’s Why Kaspa’s Launch of KRC-20 Tokens Was a Big Success – ‘Insane Numbers’ Says One KAS Holder appeared first on CaptainAltcoin.

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