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Decentralized Layer-1 blockchain, Kaspa, recently hit the 600M milestone in total transactions. The feat represents a key development for the protocol, given that its first transaction occurred over 5 years ago, on November 7, 2021.
As of February 20, 2026, data from Kaspa’s official explorer shows:
- Total transactions: Over 601 million
- Total blocks: 361,742,049
- Circulating supply: 27,219,524,810 $KAS (94.84% of total supply mined)
- Average block time: 0.1 seconds
- Wallet addresses: 540,468
- Current block reward: 3.270 $KAS, with a scheduled reduction on March 6, 2026
How Did Kaspa Reach 600 Million Transactions?
Kaspa’s mainnet has been live for approximately 1,566 days as of February 2026. Over that period, the network has averaged about 386,700 transactions per day. On February 7, 2026, the network recorded more than 597 million transactions. By February 14, explorers and community sources confirmed the total had exceeded 600 million. As of February 18, the count passed 601 million, with recent hourly data showing about 17,000 transactions processed.
Several high-volume events in 2025 provide context:
- September 29, 2025: Approximately 60 million transactions in a single day, with around 250,000 active addresses and about 680 transactions per second (TPS).
- October 5, 2025: More than 158 million transactions in one day.
- October 6, 2025: Around 151 million transactions handled on Layer-1 without reported downtime.
These peaks demonstrate the network’s ability to process sustained high volumes directly on its base layer.
What Technical Features Enable Kaspa’s High Throughput?
Kaspa’s BlockDAG architecture allows multiple blocks to be created and confirmed in parallel. The network currently operates at 10 blocks per second following the Crescendo hardfork. Average block time is approximately 0.1 seconds.
In contrast, Bitcoin typically processes 3 to 7 TPS due to its sequential block model, with confirmations measured in minutes. Testnet 11 has reportedly sustained 2,400-3,000 TPS without interruption, with storage requirements under 200 GB and no reported compromise in consensus security. In additional tests, throughput reached about 4,000 TPS.
For comparison, centralized payment networks such as Visa and Alipay are often cited as benchmarks for high transaction capacity. Some Kaspa stress tests recorded per-second volumes that approached or exceeded these levels under controlled conditions.
Kaspa’s design follows Nakamoto consensus principles but generalizes them through BlockDAG to support parallel processing. The network has no central governance authority.
Most importantly, institutional mining participation has increased. Marathon Digital reported mining approximately $16 million worth of $KAS by mid-2024, reflecting diversification beyond Bitcoin mining.
What Developments Are Planned for 2026?
A Covenant-centric hardfork is scheduled for May 2026. This upgrade is expected to enable native assets and lay the groundwork for smart contract functionality.
Planned ecosystem components include:
- SilverScript is intended to support decentralized finance (DeFi) applications
- KRC-20 token standards
- Additional developer tools and infrastructure
Kaspa’s on-chain activity is notable, though it is not prominently listed in total value locked (TVL) rankings tracked by platforms such as DeFiLlama, which primarily covers EVM-compatible chains. For context, Ethereum has about $54.3 billion in TVL, while Solana recently reported weekly TVL growth of 6.83%.
The 600 million transaction milestone provides a measurable indicator of network usage as Kaspa expands its feature set.
Conclusion
Kaspa’s 600 million total transactions reflect sustained activity on a PoW Layer-1 blockchain using BlockDAG architecture. The network has demonstrated the ability to process high daily volumes, maintain sub-second block times, and support parallel block production without reported downtime during peak events.
With 94.84% of its supply mined, a scheduled block reward reduction, and a planned hardfork to introduce native assets, the network is entering a new technical phase. The milestone confirms measurable throughput and adoption since its 2021 launch, while upcoming protocol changes will test its capacity to support broader use cases.
Sources:
- Kaspa Explorer: Total transactions, supply, blocks, etc
- Defillama: TVL Data for 2026