Kaspa Holders Are Breaking, But Builders Aren’t

Hey, welcome to Kaspa Daily Pulse – here’s what the Kaspa community’s been buzzing about today.

First up… price mood was rough. The chat was deep in “it’s over” mode again, with people reacting to KAS around three point one cents, joking about poverty, underwater bags, and whether the next support is one and a half cents. There was still plenty of DCA talk though. A few people said this looks like a decent buying zone, others said they’re restarting monthly buys, and one person mentioned picking up another ten thousand KAS. So yeah… bearish emotions, but not everyone is leaving.

Second big theme: listings. The community is clearly frustrated that Kaspa still isn’t on major exchanges like Binance, Coinbase, OKX, or Crypto.com. People argued that the same buyers have been circulating for two years, that no new money is coming in, and that the project needs a “proper listing.” There was also speculation around Binance and CZ, but nothing official showed up in the chat, so the real takeaway is simple: listing fatigue is still one of the loudest pain points.

On the technical side, Toccata and testnet talk got some real attention. People said Toccata is working on testnet ten, with today described as security and bound hardening. There was also discussion around zk proofs, covenants, vProgs, and synchronous composability. The rough consensus from the builders in chat was that DeFi apps benefit from vProgs, while non-DeFi apps may not need them. One person summed it up pretty cleanly: a lot of users probably won’t notice the difference directly, but builders will.

Then came Kaskad and DeFi. People debated staking, iKAS, lending, bridges, and whether locking KAS into EVM-style smart contracts is actually safe. Someone mentioned the first epoch APY being around twenty percent, which immediately triggered concern about payday-loan vibes and exploit risk. The main worry wasn’t yield itself… it was bridge safety, pool security, and whether smart contract logic can really be trusted.

Finally, there was a bigger identity debate: is Kaspa actually usable peer-to-peer money yet? One user challenged the community to show the total value of goods and services sold in KAS during 2025. That kicked off a long argument about what “money” means: medium of exchange, unit of account, and store of value. It wasn’t exactly friendly, but it shows the community is still wrestling with adoption, not just price.

That’s it for today’s pulse. Let’s see what tomorrow brings. Catch you then.