KAS rose 22.4% in 7 days, with a market value of over 4.3 billion US dollars, ranking 27th

Odaily News According to CoinGecko data, KAS once exceeded $0.18, close to the historical high of $0.196 at the beginning of this month; the 7-day increase was 22.4%, temporarily reported at $0.1783. In addition, its market value exceeded $4.3 billion, ranking up to 27th, surpassing ICP (about $3.726 billion). Recently, the crypto mining company Marathon Digital (MARA) announced that it has launched Kaspa mining operations. Kaspa is an open source, decentralized and fully scalable Layer-1 protocol that uses proof of work as its consensus mechanism. Unlike Bitcoin, Kaspa uses BlockDAG (directed acyclic graph) and can generate multiple blocks at the same time. As of June 25, 2024, Marathon has mined 93 million KAS, currently worth about $15 million.