This Kaspa On-Chain Metric Explodes Following the Crescendo Update

Kaspa just a huge increase in network activity and considering how huge the community is, they are starting to take notice. After staying mostly quiet for months, the number of daily transactions suddenly jumped, reaching almost 700,000 in a single day. This big move didn’t come out of nowhere. It happened right after the launch of the Crescendo update, which seems to be giving the network a fresh boost.Just a few days ago, Kaspa was processing around 100,000 transactions per day. But by May 6, that number shot up to 677,477. The chart shows a steep rise starting around May 4, and the growth hasn’t slowed down since.This all started after Crescendo Testnet 10 went live. With the update, Kaspa’s block speed increased from 1 to 10 blocks per second, making the network much faster and more efficient. It’s a big improvement, and the impact is already showing. When a blockchain starts handling more transactions like this, it usually means more people are using it – or getting ready to.Kaspa Sees Transaction Spike Following Crescendo UpdateKaspa network activity has surged significantly, with daily transactions nearing 700,000 following the recent Crescendo update. The update, which enhances block processing efficiency and prepares the network for future... pic.twitter.com/rugVKVhZMx— Kaspa Daily (@DailyKaspa) May 7, 2025 Kaspa Price Analysis and PredictionsRight now, KAS is trading at around $0.094. That’s a decent recovery from where it was in early April, when it dropped to about $0.056. The Kaspa price hasn’t taken off yet, but the chart shows that it’s slowly climbing and forming higher lows. That’s usually a good sign of a trend starting to reverse.The next big hurdle is the $0.10 to $0.11 zone. That area has acted as resistance before, and the 200-day EMA also sits there. If Kaspa can break through and hold above that range, we might see a stronger push toward $0.15 or even $0.18 later in the year.On the weekly chart, the indicators are also showing signs of strength. The Ultimate Oscillator is close to turning fully bullish. The Bull/Bear Power is slightly in favor of the bulls, and the ROC is still negative, but it’s starting to level off — which could be the beginning of a new upward trend.Looking at the bigger picture, 2025 could be a strong year for Kaspa – especially if more upgrades roll out and developers start building on the network. The Crescendo update might be just the beginning of something much bigger.One thing is clear: activity on Kaspa is rising fast. Whether the price follows or not, the network is picking up speed – and that’s a good sign for its future.Read also: The Harsh Truth About the Kaspa Price Action – Is the Market Ignoring the Crescendo?Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post This Kaspa On-Chain Metric Explodes Following the Crescendo Update appeared first on CaptainAltcoin.