What is this?

Protocol Activity breaks down Kaspa's daily transactions by the higher-level protocol that generated them — KRC-20 token operations, KRC-721 NFT inscriptions, KNS (Kaspa Name Service) registrations, Kasia smart contract calls, Kasplex L2 bridges, K Social interactions, and Igra gaming transactions. This view reveals what's actually happening beneath the raw transaction count.

Every mature blockchain ecosystem evolves from simple value transfers to a rich tapestry of protocol-level activity. The diversity of script types and payload patterns in use — P2SH (pay-to-script-hash) for multi-signature wallets, OP_RETURN for data embedding, specialized inscription formats — reveals how many different teams are building on the network and how sophisticated their implementations are becoming.

Protocol diversity is a leading indicator of ecosystem health. A network where 95% of transactions are simple transfers is functionally a payment rail. A network with significant activity across tokens, NFTs, naming services, and layer-2 bridges is developing into a platform — attracting developers, users, and capital across multiple verticals simultaneously.

How to use this data

Track which protocols are gaining traction and which are fading. Sustained growth in KRC-20 activity, for example, signals a maturing token ecosystem that could drive demand for KAS (since all token operations require KAS for fees). A surge in KNS registrations suggests growing user confidence and long-term commitment — people register names when they intend to stay.

For developers evaluating where to build, this data shows which protocol categories have product-market fit on Kaspa. High Kasplex L2 activity indicates demand for scalability solutions. Growing Igra transactions demonstrate that on-chain gaming is finding an audience. These trends help allocate development resources toward categories where users already exist.

Investors can use protocol activity as a fundamental analysis tool. Networks with diversifying protocol usage tend to be more resilient — if one category cools off, others can sustain overall activity. Watch for new protocols appearing in the breakdown, as early protocol launches often correlate with narrative shifts that drive speculative interest and price appreciation.

How it's computed

Each transaction is inspected for protocol-specific signatures embedded in its payload or script structure. KRC-20 and KRC-721 operations use standardized inscription envelopes with identifiable prefixes. KNS transactions carry specific OP_RETURN data formats. Kasia, Kasplex, K Social, and Igra each use unique script patterns or payload structures that allow deterministic classification.

Classification is performed at indexing time — as each transaction is processed, its scripts and payloads are pattern-matched against a registry of known protocol signatures. Transactions that don't match any known protocol are categorized as standard P2PK (pay-to- public-key) value transfers. The system is extensible: as new protocols launch on Kaspa, their signatures are added to the classification registry.

Multi-protocol transactions (a single transaction that serves both a KRC-20 transfer and a standard payment, for example) are attributed to the higher-level protocol. This prevents double-counting while ensuring that protocol-specific activity is fully captured. Daily totals are aggregated on UTC boundaries using DAA score mapping.