Loading article…
Kaspa (KAS) surged over 200% to $0.0416 in early April 2023 and secured a Gate.io USDT pair, boosting its market exposure and community funding efforts.
KAS surged to $0.04161 USDT on 2 April 2023, a gain of more than 200% from its prior level, as the project completed a community crowdfund and debuted on Gate.io with a KAS/USDT pair【1】【3】.
| At a glance | |
|---|---|
| Price (2 Apr 2023) | $0.04161 USDT |
| 24‑h change | +200% (vs. prior period) |
| Catalyst | Gate.io listing + 1 M KAS community crowdfund |
| Milestone | 1 M KAS allocated to translators |
The Gate.io listing went live on 21 Mar 2023 at 10 AM UTC, providing KAS with a USDT trading pair and exposure to millions of users on a top‑10 exchange【3】. The new market venue coincided with the final phase of a community crowdfund that raised 1 million KAS tokens to fund multilingual translators【2】. The combined effect of broader exchange access and the visible community commitment appears to have driven the sharp price rally observed in early April.
Kaspa’s blockchain distinguishes itself with BlockDAG architecture and a fast block rate—up to 32 blocks per second in the Rust Alpha version, a 32‑fold increase over the original Go implementation【1】. The network’s unlimited block size and high block generation rate aim to support higher transaction throughput without sacrificing security. While the sources do not provide a current circulating supply figure, the allocation of 1 million KAS for translation work signals a deliberate use of token supply to expand community outreach.
Listing on Gate.io not only adds liquidity but also signals legitimacy to the broader crypto market, as the exchange is audited for 100% proof of reserves and operates in most jurisdictions【3】. The influx of new traders and the visibility of the KAS/USDT pair likely contributed to the price surge, which outperformed the token’s prior trading range by more than double.
Kaspa’s rapid price appreciation underscores how exchange access and community‑driven funding can accelerate a niche blockchain’s market profile, while its unique BlockDAG tech remains a differentiator that may attract developers seeking high‑throughput PoW solutions.
Coverage is mostly measured — 7 of 7 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 23, 2026 · How we report
Kaspa is a selo in Shebalinsky District of the Altai Republic, Russia, situated 42 km southeast of the district’s administrative centre, Shebalino.
Kaspa uses the GHOSTDAG proof‑of‑work consensus, a BlockDAG protocol that orders parallel blocks rather than orphaning them.
Kaspa was fair‑launched in November 2021 with no pre‑mine, no pre‑sale, and tokens were distributed through the launch without allocations.
According to CoinGecko, Kaspa’s market capitalization is approximately $799.9 million.
Kaspa is traded on centralized exchanges such as KuCoin, Gate, Bitget, and others, with the KAS/USDT pair being the most active on KuCoin.