Kaspa (KAS) has set a new milestone in the proof-of-work blockchain sector, processing 16 million transactions valued at $39.83 million within a 24-hour period. According to King Crypto on X, this figure exceeds the combined all-time transaction records of Bitcoin, Ethereum Classic, Litecoin, Dogecoin, and Bitcoin Cash by 2.1 times.
The network achieved this feat ahead of its anticipated 10 BPS upgrade, which aims to improve scalability and performance. The transaction volume highlights Kaspa’s processing power within the proof-of-work ecosystem.
Market data from CoinGecko shows [KAS trading at $0.1188](https://www.coingecko.com/en/coins/kaspa). The token recorded a trading volume of $108,436,575, with a 6.32% decrease in price over 24 hours and a 9.35% decline over the past seven days.
## **Technical Analysis and Market Sentiment**
X user ScapeSquad shared an analysis suggesting Kaspa’s potential for a bullish price reversal. The analyst highlighted KAS’s solution to the blockchain trilemma—a challenge involving trade-offs between scalability, security, and decentralization in blockchain networks.
#Kaspa is primed for a bullish reversal to continue its macro upward trend.
$KAS solved the Trilemma.
This is a proven fact.Do not fade this golden opportunity. pic.twitter.com/JWoPjeMzwr
— s c a p e . 𐤊 (@ScapeSquad) October 25, 2024
### **Network Development Updates**
The upcoming 10 BPS upgrade is a key focus for Kaspa’s technical roadmap. This enhancement is designed to improve transaction processing capabilities, following Kaspa’s recent achievement in daily transaction volumes within the proof-of”
Source: captainaltcoin.com