TL;DR

• Kaspa passed the 95% supply milestone: Emissions continue to decline ~6% monthly, shifting long-term miner revenue toward fees and overall network activity.

• Cross-chain and DeFi infrastructure expands: Kasplex integrates Bridgers for 50+ networks, while a USDC/KAS pool goes live on KaspaCom.

• Early governance and ownership models emerge: IGRA DAO proposal introduces community control over LP infrastructure.

• Covenant architecture discussions continue: Developers debate node-level indexing vs external indexers for the covenant state.

• Self-custody tooling advances: KasSigner demonstrates a low-cost, air-gapped signing model using fully offline key management.

• Agent-based interaction layer explored: KANet introduces an early framework for on-chain AI agents on Kaspa.

Yonatan Sompolinsky at the Oxford Union: Crypto's Real Mission Is Coordination

On March 12, Kaspa’s founder, Dr. Yonatan Sompolinsky, delivered an address at the Oxford Union focusing on crypto’s role in enabling large-scale coordination rather than serving purely as a financial system. He proclaimed: "We treat the internet as a finished project. But it is too young to earn this title."

He argued that the internet should be understood as an immature democracy still lacking the institutions it needs to function. Sompolinsky described it as the most egalitarian project in human history, expanding global human connection, but noted that these connections are not backed by commitment or consequence. Drawing on Alexis de Tocqueville’s observation that democratic bonds grow wider but carry less weight, he suggested that the instability of online life stems less from tribalism or polarization than from the absence of institutions that bind individuals to shared action.

Central to the talk was a challenge to what Sompolinsky called an overused framework in both game theory and the political imagination: the prisoner’s dilemma, a model in which individuals are incentivized to defect even when cooperation would produce a better collective outcome. He argued that many real-world coordination failures are better described by Rousseau’s stag hunt, a scenario where cooperation is in everyone’s self-interest, but only if participants can credibly commit to acting together. He shared the following example:

"If someone was able to communicate between the players and have them talk with one another and commit and bind their actions," he said, "then the equilibrium would be self-enforcing."

This shifts the problem from incentive design to commitment mechanisms. Sompolinsky introduced “coordination markets” as a proposed solution. He described a scenario where a user could broadcast a commitment to switch social platforms, binding only if enough others join, stating: "I need at least 10 million people to jump with me to this new social network, and until then, I'm not paying anything. I'm not changing my habits. I'm continuing my internet life as usual."

This example illustrates a system of conditional participation, in which users act only when sufficient collective commitment is reached. The mechanism relies on atomicity, where participants move simultaneously rather than sequentially. He positioned coordination markets as an alternative to both the zero-sum casino of meme coins and the authoritarian instinct to engineer society from above.

This reflects a broader claim that current internet systems lack coordination primitives, rather than lacking communication or incentives. Sompolinsky also addressed why such systems have not yet emerged within crypto. In the Q&A, Sompolinsky addressed whether tokenization already solves coordination problems, pushing back on the idea that token incentives alone are sufficient.

He noted, "Bitcoin itself already has a network trap," and added that he didn't see how thousands of tokens could overcome Bitcoin's first-mover network effect. He was equally careful about the limits of coordination infrastructure itself: "Not all coordinations are positive. So, you wouldn't want to encourage coordination in a two-sided market where some coalition moves against or exits one currency."

On the question of AI displacing crypto as the next major technology, Sompolinsky framed the two as fundamentally different rather than competing. "Crypto is about scarcity," he said. "Everything should be hardcoded and cryptographically signed, whereas AI provides infinite abundance."

He emphasized that this makes crypto primitives more relevant in an agentic world (one in which autonomous AI agents act as the primary economic users). AI agents, he suggested, "have no method, no institution, no tradition, no social pressure to coordinate," making them precisely the kind of actors who need the infrastructure coordination markets could provide.

Kaspa developer Hans Moog shared his thoughts after watching the address, extending Sompolinsky's argument into broader civilizational territory. He wrote :

"If there is one thing we can learn from our progress in AI, it is that intelligent behavior emerges when many components explore degrees of freedom and converge, through distributed constraint resolution, into coherent and stable patterns."

He expressed that the modern world's failure to enforce shared constraints has produced "a crisis of responsibility at every scale of society," from cyberbullying to geopolitical conflict. Moog sees distributed ledger technology, and Kaspa specifically, not as a hedge against corrupt governments but as "a superior foundation for large-scale human coordination: one that is more neutral and reliable than traditional models based on force and mutual deterrence."

His conclusion cut to the point: "The future is not about building better products. It is about building better protocols."

Developers Debate How Deep Covenant Awareness Should Go at the Node Level

This week in the public Kaspa Core R&D Telegram group, core developers raised a question that will become more important as covenant usage grows: how much should a node understand about covenant-related data, and how much should be handled by external indexing tools built on top of the network?

Michael Sutton proposed extending Kaspa’s UTXO index to support queries by covenant ID, allowing applications to locate outputs tied to specific covenants (programmable conditions attached to transactions) directly through the node rather than relying entirely on external infrastructure. He remarked:

"I see it as hierarchical. It's easy to add this to the node, and it will serve many simple cases. Then the more complete indexer can use this and extend state decoding."

Ori Newman questioned the utility of such an approach without access to the full covenant state. He wrote:

"We need some indexer for covenant state… otherwise, I'm not sure there's an advantage in adding covenant ID support for the UTXO index."

The discussion expanded to include trust assumptions. IzioDev noted that node-level covenant queries could allow operators to independently verify state retrieved from external sources without fully trusting those sources. Sutton responded:

"I think adding this covenant-based indexing to the utxo index is cheap enough and most likely valuable enough to be worth it."

This reflects an emerging design direction in which lightweight, covenant-aware indexing may be implemented at the node level to support simple queries, while full state reconstruction and decoding remain the responsibility of dedicated external indexers.

No implementation decision has been announced.

Kasplex Network Activity Remains Steady

Data shared by Kasplex, an EVM-compatible Layer 2 network built on Kaspa, indicates continued activity. Over the past 30 days, the network processed 49,069 transactions, averaging 1,583 per day. Over a three-month period, total activity reached 171,665 transactions, averaging 1,907 per day, with a peak of 11,562.

The sustained daily throughput alongside periodic spikes suggests consistent usage as the network continues to develop.

Moreover, Kasplex announced an integration with Bridgers, a cross-chain swap platform, enabling users to transfer assets from external networks into the Kasplex ecosystem.

Bridgers supports more than 50 chains and 600 assets, and is integrated with wallets including MetaMask, Trust Wallet, Coinbase Wallet, and OKX. Through the integration, assets from networks such as Ethereum, Solana, and Tron can be moved into Kasplex through a single interface.

The feature is accessible via the Bridgers web app and within Bitget Wallet, allowing users to access Kasplex applications, including thekasfun and kroko_swap, without switching platforms.

KANet Introduces Early On-Chain Agent Framework for Kaspa

A post from younio1977, translated from Chinese, outlines early progress on KANet, a project that aims to bring AI agents directly onto the Kaspa network. He posted:

“Get agents on the Kaspa chain, all in 1 minute. KANet is making this as simple as possible.”

The system is designed to simplify agent deployment, enabling users to create on-chain identities, connect to models including local LLMs, OpenClaw, and Claude Code, and begin interacting on-chain. He added:

“The goal isn’t to make a ‘cool-looking’ demo, but to truly let ordinary people play with Kaspa more conveniently and deeply.”

The post describes agents as “sustainable collaborators, autonomous socializers, and participants in real tasks,” suggesting a model in which agents persist as network participants. He noted:

“Once the core content inside is basically set up… the system and source code will be released… maybe within a month… as a gift to everyone who truly loves Kas.”

The project remains in active development, with no formal release timeline confirmed.

KasSigner: A DIY Air-Gapped Signing Device for Kaspa

An episode of the XXIM podcast, hosted by Ankit, featured a walkthrough of KasSigner, an open-source signing device built for Kaspa and inspired by the Bitcoin SeedSigner project, designed to provide air-gapped transaction signing using low-cost hardware priced at 15–20 USD.

The contributor described it as a direct alternative to traditional hardware wallets, stating, “Hardware wallet takes your keys, your private keys. So, do you trust them? I trust me.”

The device runs on an ESP32-S3 board and operates as a stateless signer, with private keys stored only in RAM during use and cleared on shutdown. He also described it as “a learning tool machine for everyone who wants to know how crypto really works,” emphasizing its role in helping users understand key generation, seed phrases, and transaction signing.

The walkthrough included seed generation using camera-based entropy, optional passphrase support, and an encrypted steganographic backup feature that hides seed data within image metadata. Transactions are constructed in a watch-only wallet, transferred to the offline device via QR code for signing, and then broadcast back to the network. He noted, “The whole process of signing happens offline. Nobody can know what you are signing.”

On the motivation behind the design, he said, “If you control your data, it could be your medical data, your personal data, this is sovereignty for me.”

The project is open source and remains an independent contributor effort, with no formal integration into the core Kaspa stack.

Kaspa News “/ASK” Tool Updated with Expanded Knowledge Base and Faster Retrieval

Coinathlete announced updates to the /ASK tool on Kaspa News, including performance improvements, a server migration, and an expanded indexed knowledge base.

The system now draws from approximately 131,000 tagged data chunks spanning Kaspa code, KIPs, SilverScript, vProgs, R&D Telegram discussions, developer posts, forum posts, and official documentation, with each entry tagged by source and topic.

Queries are processed across two parallel vector indexes, one optimized for code and one for natural language, with results merged, reranked, and prioritized based on source authority.

This allows the tool to surface relevant technical knowledge from across the Kaspa ecosystem without requiring direct developer input. The system remains in active development, with ongoing refinement expected. Coinathlete clarified, “Like any LLM, it is not 100 percent accurate.”

Blockchain Banter Episode 14: KasSigner, Crumpet Media, and the Road to Toccata

Episode 14 of Blockchain Banter featured a discussion between community members Chris Hutcherson and Levendi Pro, covering ecosystem development, institutional signals, and upcoming milestones for Kaspa.

Levendi provided an update on Crumpet Media, a decentralized publishing platform being built on Kaspa. Early testing has received positive feedback, and the $CRUMBS token is intended to serve as a posting requirement, acting as a spam mitigation mechanism. He emphasized the platform’s immutability model: “I know I can write something on Kaspa and save it on Kaspa, and I know nobody can touch it, nobody can delete it.”

Jay noted that Marathon Digital (MARA) had resumed mining Kaspa after a roughly four-month pause, with a recent block mined shortly before the episode. He also observed that Grayscale began following Dr. Yonatan Sompolinsky on the same day, describing the timing of these signals, occurring with the Toccata hard fork approximately two months away, as notable.

The discussion also covered expectations around the Toccata upgrade, anticipated in June, which is expected to introduce Covenants, Silverscript, ZKP MVP, and VROGs MVP. Longer-term roadmap items discussed included DAGKnight and a target of 100 blocks per second by 2027. Chris summarized the progression: “We're now at 10 blocks per second, and now we're a few months away from Covenants.”

Proof of Prints Introduces Android-Based Kaspa Miner

Proof of Prints shared an early look at PoPMobile, an Android-based Kaspa miner running kHeavyHash and designed to integrate with its broader open-source mining stack. The application connects with the PoPManager dashboard, enabling remote monitoring and control across devices.

The project is described as compatible with the rusty bridge and “fork-ready,” indicating alignment with upcoming network upgrades.

GitHub activity shows ongoing development, including updates related to pool configuration and telemetry. The project remains in an early stage, with additional details expected as development continues.

Kaspa Africa Proposes East Africa “Blockchain Corridor” Initiative

Kaspa Africa shared a proposal on X outlining a regional “East Africa Blockchain Corridor,” a three-city initiative spanning Kampala, Kigali, and Goma. The thread describes a series of coordinated satellite events aimed at expanding grassroots adoption and developer engagement across the region. They chimed: “Three Satellite Events. Three cities. One corridor.”

The group noted that since 2023, it has engaged over 1,500 individuals and onboarded more than 1,000 new Kaspa ecosystem members, reaching 50,000+ listeners through radio shows on Hii5 Radio, all without paid advertising. The proposed next phase would build on that base, with events scheduled across April and May, followed by contributor onboarding and a regional impact report.

The initiative frames the corridor as a way to connect established and emerging hubs, with particular emphasis on financial access in underbanked regions such as Goma. The proposal remains community-driven and includes a modest funding request, positioning the effort as an early-stage expansion of Kaspa’s grassroots presence in East Africa.

USDC Pool Launches on KaspaCom DEX

A USDC/KAS liquidity pool has gone live on KaspaCom, enabling direct swaps between KAS and a dollar-pegged stablecoin on the network. The launch introduces basic DeFi functionality at the application layer, allowing users to trade and provide liquidity without relying on centralized exchanges.

The addition of a stablecoin pair addresses a key infrastructure gap, supporting more practical on-chain activity as the ecosystem continues to expand.

IGRA DAO Proposal Targets LP Ownership Transfer

Igra’s governance community has passed and executed a proposal to transfer control of the IGRA/WiKAS liquidity pool on ZealousSwap from the Igra Association to the DAO. The vote concluded with 53.44M in favor, meeting the quorum with unanimous support.

Under the new structure, IGRA token holders collectively own the liquidity position and its economic rights, while a designated operator is responsible for routine management, such as rebalancing. The operator cannot withdraw funds and remains replaceable through governance at any time, creating a separation between ownership and operations while allowing the DAO to retain control over funds.

Kaspa Ecosystem Foundation to Sponsor Web3Festival VIP Lounge

The Kaspa Ecosystem Foundation (KEF) returned to Web3Festival 2026 Hong Kong as a Speaker and VIP Lounge sponsor, marking its third consecutive year at the event. Held at the Hong Kong Convention and Exhibition Center from April 20-23, the conference drew over 50,000 attendees, 300+ speakers, and 150+ projects from across the global Web3 ecosystem.

KEF showcased Kaspa ecosystem projects, partners, and community initiatives within the VIP Lounge, while Executive Director Junny spoke on Stage 2 at 3:15-3:30PM on April 20. The full recording will be available on KEF's YouTube channel.

Kaspa Passes 95% Supply Milestone as Emission Continues to Decline

Data from kaspa.stream shows approximately 27.38B KAS in circulation, representing about 95.37% of the total supply. The milestone aligns with Kaspa’s emission schedule, which projects the 95% threshold to be reached around mid-2026.

Kaspa’s issuance declines gradually rather than through fixed halving events, with block rewards decreasing continuously. As issuance tapers, miner revenue is expected to shift increasingly toward transaction fees rather than newly minted coins, highlighting the role of sustained network activity in supporting the network’s long-term security budget.

Key Society Marketplace Launch Moved Forward After Development Push

Y.Stan indicated that the Key Society marketplace is scheduled to launch in beta on April 21, with a public release planned for April 26, following a development push to complete core functionality.

The platform is described as a marketplace and streaming layer for the Kaspa ecosystem, though detailed feature specifications have not yet been released. Initial access is expected to be limited to beta users ahead of the broader rollout.

Y.Stan is an active community member and the creator of the Neural Key NFT collection, a set of digital assets focused on access, community participation, and reward mechanisms. As of April 20, 141 of the 186 NFTs remain.

Captain Sats Shares Kaspa Ping Speed Simulation

Captain Sats shared a simulation comparing transaction latency across networks, including BTC, XRP, LTC, SOL, and HYPE. The example, inspired by Michael Sutton and built by community member fishtuna, models how transactions propagate and are confirmed under different network designs.

In the post, Captain Sats described Kaspa’s design goal as aligning confirmation times with underlying network latency, and characterized this property as unique among proof-of-work systems.

The comparison reflects ongoing discussion of how Kaspa’s blockDAG architecture differs from traditional linear-chain designs, though the example is a simulation rather than a formal benchmark study.