Kaspa has 40 monthly active developers. Ten of them are full time. That is the whole number, not a slice of one. Electric Capital tracks Kaspa with zero child ecosystems attached, so 40 counts commits to Kaspa's own repositories and nothing else. Compare it to Ethereum's 7,641 and the comparison is dishonest in Kaspa's favor, because that figure rolls up 1,391 sub-ecosystems including every major L2. Compare like for like and the gap is still large. Forty people are carrying a network with a live smart contract layer. That is the actual state of things, and it is worth knowing before reading anyone's price target. As of the week ending 24 July 2026. $KAS
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