Total money in Kaspa DeFi
capital committed across both L2s (total TVL) — every number here comes with what it means · what does TVL on kaspa actually mean? →
live numbers above refresh on every visit · the panels below are the fixed monday reading, kept still all week so the trends compare like with like ·
01Usage. is anyone actually using it?
weekly
the readthroughput rose to 2.83 transactions per second from 2.78, the fourth rise in a row and the highest reading in this series. last monday we called the forty fold jump in covenant activity a spike we count, not a plateau we can promise, and said that thousands again this monday would make it a level. it reads 15,071 a day. active addresses held at 21,170 against 22,125, three times the 7,351 of two mondays ago. it was a level. the l2 split stays blank, the per-chain transaction counts still have no working source.
02DEX volume. where KAS actually trades
weekly
the readabout $128K a day changes hands on kaspa DEXs, up on the week, and this time the growth came from the large side. kasplex $113K gained 10.3 percent while igra $14K gave back 12.2 percent of last week's jump, so kasplex is eight times the larger venue again. locked value recovered on both layers, igra to 1.02 million dollars and both layers together to 1.39 million, after last week's drop of a third. igra still carries 73 percent of the value and 11 percent of the trading. last monday it was 73 and 14.
03Supply. the tightening story
weekly
the readthe monthly cut landed on friday, september 4. the block reward fell from 2.31 to 2.18 KAS, and 96.49 percent of all KAS is already mined. that cut is the subject of this week's kaspa weekly on youtube, what it did to daily issuance and what it did not do to the chart. exchange balances slipped from 3.91 to 3.88 billion KAS. over three months that number is flat, over a year it is a quarter higher. that is movement and not a verdict, coins can sit on an exchange for years. how the monthly halving works →
04Holders & Security. who is still here
weekly
the readjust over half of all KAS still has not moved in a year, 50.97 percent, up from 50.76 and the highest share since we started counting. addresses holding a balance rose to 792,098, another record, though the weekly gains have shrunk to a few hundred. mining power set a fresh high, 339.08 PH per second, up 6.4 percent on the week, and the middle window agrees, over thirty days it stands 14.7 percent higher. only the long window still points down, over ninety days 25.8 percent lower. the reward cut on friday made every one of those hashes earn less. does merged mining take hashrate? →
05Whale watch. the biggest wallet on the chain
live balance · weekly deltas
the readlast week the chain's largest address let coins go for the first time. this week it went back to buying, +4.77M KAS this week, the last deposit on september 4, the day of the reward cut. it holds 1.52 billion KAS, having bought 1.56B KAS in total at an average of $0.0870, our own calculation from every transaction on chain. all told, 44.4M KAS have left the wallet in 22 transfers since 2024, 2.84% of everything it ever bought. one move out does not make a seller, and one week of deposits does not make a bottom. we count both. the full record →
TOTAL DEFI TVL — WEEK BY WEEK
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