📊 Kaspa Network Daily Activity — May 28, 2026 🔥 KASPLEX L2 ERUPTS TO 114! Kasplay holds 67 — staying in breakout territory. Hashrate surges to 414.8 PH/s. Igra L2 anchors at 1,757. Infrastructure strengthens into the pre-reduction stretch. ⚡ Core Network Metrics TPS: 14 (1h avg 13.8) — pullback from yesterday's 16, deep cruise mode BPS: 10.2 (1h avg 10.0) — block production steady at target Public Nodes: 358 — slight ease from yesterday's record 359 Active Miners: 175 — up from 172 Network Hashrate: 414.8 PH/s 📈🔥 — STRONG SURGE from 402.0 (+3%) Mempool: 3 transactions waiting — exceptionally clean 📦 Supply & Emissions Circulating Supply: 27.47B KAS (95.70% mined) — +0.01% mined since yesterday Block Reward: 2.75 KAS Next Reduction: 2.60 KAS in ~7 days, 22 hours ⏳🔥🔥 📈 On-Chain Activity Transactions (last hour): 20,008 — pullback from yesterday's 29,395 (-32%) All-time Transactions: 2,169,326,902 — +1M since yesterday Active Addresses (last hour): 815 📈 — strong jump from 611 (+33%) All-time Active Addresses: 95,593,744 — adjusted down from 96,149,400 The all-time address counter shifted slightly downward today, from 96.15M (held for six consecutive updates) to 95.59M. This appears to be another minor dashboard recalibration — the figure remains comfortably above the 95M milestone we celebrated on May 3, so the adoption story stays fully intact regardless of these periodic display refinements. The standout base-layer signal today is the split between transaction volume and addresses: hourly transactions cooled to just 20K (-32%), but active addresses surged +33% to 815. Far fewer transactions, far more unique wallets — a strong indicator of broad, distributed participation rather than concentrated high-frequency activity. 🧩 Layer-2 & Ecosystem Activity (Last Hour) Igra L2: 1,757 🔥🔥🔥🔥 — slight ease from 1,822 (-4%), still firmly elite 👑 Kasplex L2: 114 🔥🔥 — MAJOR SURGE from 42 (+171%) 🌋 Kasplay: 67 🔥 — HOLDS at 67, staying in breakout zone 🎯 KRC-20: 16 — up from 10 (+60%) KRC-721: 2 — small uptick Kasia: 2 — quiet phase continues KNS: 0 — fourth day on the dashboard K-Social: 0 Kaspeak: 0 👉 Key Highlight: KASPLEX L2 ERUPTS TO 114 — a powerful +171% surge from yesterday's 42, vaulting the original L2 back into triple-digit territory. This is Kasplex's characteristic burst behavior in action once again. The protocol's recent pattern: 33 → 142 → 46 → 47 → 46 → 42 → 114. When Kasplex wakes up, it does so emphatically, and today is another loud statement from Kaspa's foundational L2. 🌋 Kasplay HOLDS at 67 — for the second consecutive day, the protocol stays firmly in its breakout zone. After the trajectory of 71 → 50 → 44 → 37 → 34 → 67 → 67, Kasplay has now established a solid floor in the high-60s, exactly the kind of base-building that preceded each new leg up in the Igra L2 playbook. The protocol is consolidating at an elevated level, coiling for a potential push toward triple digits. 🎯 Igra L2 eases slightly to 1,757 — a minor 4% pullback from yesterday, but still comfortably in the 1,700+ elite zone. The protocol now formally enters its NINTH consecutive week of uninterrupted four-digit dominance. Nothing breaks the streak. 👑 Hashrate surge to 414.8 PH/s is the infrastructure highlight — a +3% jump and the strongest reading in over two weeks. With the next reward reduction now under 8 days away, miners are clearly ramping up their commitment ahead of the cut. This is the textbook pre-reduction strengthening we've documented before each previous halving event. Combined L2 top 4: Igra (1,757) + Kasplex (114) + Kasplay (67) + KRC-20 (16) = 1,954 transactions per hour. Six protocols showing activity — solid ecosystem breadth heading into the weekend. 📊 Market Snapshot Price: $0.031 (−5.5%) 🔴 — sharp pullback, the steepest in over a week Rank: #62 — UNCHANGED for the FIFTH consecutive update Market Cap: $850.39M — down from $901M (-5.6%) Fully Diluted: $890.32M — drifting further below $1B 🧠 Daily Insight A day of clear divergence: the network's infrastructure strengthens markedly while the market takes its sharpest single-day pullback in over a week. What changed since yesterday? Infrastructure (notably strengthening): Hashrate surged +3% to 414.8 PH/s (two-week high), miners up to 175, node count eased just one off its record (358 vs 359) L2 side (Kasplex erupts, Kasplay holds): Kasplex +171% back to triple digits, Kasplay steady at 67 in breakout zone, Igra anchors, KRC-20 recovering Base layer (volume down, addresses up): Transactions -32%, but active addresses +33% — strong distributed-participation signal Market side (sharp pullback): Price -5.5%, market cap -5.6%, fully diluted at $890M — the steepest single-update drop in over a week Address counter: Minor recalibration to 95.59M, still well above the 95M milestone ✅ The market-versus-fundamentals divergence reached one of its widest points of the entire tracking period today. On one side: price down -5.5%, market cap shedding $50M, fully diluted falling further from the $1B mark. On the other side: hashrate surging to a two-week high of 414.8 PH/s, miners increasing, node count one off its all-time record, Kasplex erupting +171%, active addresses jumping +33%, and Igra L2 entering its ninth week of dominance. The chain has rarely looked stronger structurally while the price has rarely looked weaker in recent sessions. This is the defining tension of the entire tracking period, and today it's on full display. The hashrate surge to 414.8 PH/s is the most telling signal. Recall that earlier this month hashrate dipped to 349 PH/s and we flagged it as a concern. It has now recovered fully and then some, reaching its highest level in over two weeks precisely as the next reward reduction approaches (under 8 days out). This is exactly the pre-reduction positioning pattern we documented before the previous cuts. Miners do not raise hash power into a falling-reward, falling-price environment unless they have genuine long-term conviction. Their actions speak louder than the price chart. 🔥 The Kasplex L2 eruption to 114 reinforces a pattern we've documented throughout: the original L2 operates in dramatic periodic bursts rather than steady streams. Over the tracking period, Kasplex has delivered burst days of 588, 639, 315, 244, 142, and now 114, interspersed with quiet 30-50 baselines. When it activates, it does so with conviction. Today's triple-digit reading confirms Kasplex remains a serious force, not a fading relic. The Kasplay hold at 67 for a second consecutive day is structurally encouraging. Rather than spiking and collapsing, the protocol is building a stable floor in the high-60s — precisely the base-building behavior that preceded each new all-time high in the Igra L2 trajectory. We've been tracking Kasplay's potential breakout for weeks, and the current consolidation pattern keeps the thesis fully alive. A clean break above its 99 ATH would be the confirmation signal. 🎯 The base-layer pattern today — transactions down 32% but addresses up 33% — is a recurring healthy signal. Lower volume distributed across more unique wallets indicates the network's activity isn't being driven by a handful of high-frequency actors but by genuine, broad participation. With 815 active addresses in just the last hour and a mempool of only 3, the network is processing diverse demand instantly and efficiently. Igra L2's entry into its ninth week of four-digit dominance is, at this point, almost routine to report — and that's precisely the point. A protocol that registered 0 transactions on March 6 has now sustained 1,500+ transactions per hour for over two months straight, through three reward reductions, multiple market cycles, dashboard quirks, and recalibrations. The consistency has transcended "impressive" and become "infrastructural." Igra isn't having a run; it IS the L2 backbone of Kaspa. Market-side delivered the sharpest pullback in over a week — price to $0.031, market cap to $850M, fully diluted to $890M. The fully diluted figure has now retreated steadily from its May 22 peak of $1.01B. Yet the rank held at #62 for the FIFTH consecutive update, reaffirming that Kaspa is moving in line with the broader market rather than underperforming. When an entire market sector softens, individual relative position matters more than absolute numbers, and Kaspa's rank stability suggests it's weathering the broader conditions as well as its peers. Nearly three months of tracking, and today crystallizes the entire thesis in a single session: the market weakens, but the chain strengthens. Hashrate at two-week highs. Node count near records. Kasplex erupting. Kasplay coiling. Igra anchoring. Addresses surging. The price chart and the fundamentals chart are telling opposite stories — and history across this tracking period has consistently shown which one leads. The chain builds. The market eventually follows. 🧱 #Kaspa #KAS #KaspaBuilders #Layer2 #IgraL2 #Kasplex #Kasplay #Hashrate #CryptoData