2024

DeFi

Kaspa

Oracle

Kaspa price remains stuck near $0.029 and more than 85% below its 2024 all-time high, but one bullish argument has very little to do with the chart.
It comes down to how quickly new KAS is disappearing.
DeFi Oracle pointed out that Kaspa currently creates roughly 1.68 million KAS per day. At a price near $0.029, that is worth only about $49,000.
Compare that with approximately $9.5 million in daily KAS spot trading volume, and newly mined coins represent only around 0.5% of one day’s trading activity.
Even if miners sold every newly issued coin immediately, the amount is relatively small compared with existing market turnover.
<h2 class="wp-block-heading" id="kaspa-cuts-new-supply-every-month">Kaspa Cuts New Supply Every Month</h2>
This is <a href="https://captainaltcoin.com/kaspa-dollar-raises-a-tough-question-about-mining-pool-centralization/" rel="noopener noreferrer nofollow">where Kaspa differs</a> from cryptos with occasional large halvings.
Kaspa reduces its block reward every month by a factor of 2^(-1/12). That works out to a reduction of about 5.6% each month and produces an effective halving in issuance every year.
The November reduction brought the equivalent 10-block-per-second reward to roughly 1.94 KAS per block, putting daily issuance close to the 1.68 million KAS shown in the chart.
A year earlier, daily emission was roughly twice that amount.
<figure class="wp-block-image aligncenter size-large"><img width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2026/11/image-58-1024x576.png" alt="">
 <figcaption>Source: <a href="https://x.com/DeFiOracle_/status/2120858558179017088?a=IDiynE-K-Vk6yhXEw3E&amp;s=20" rel="noopener noreferrer nofollow">X/@DeFiOracle_</a>
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If the schedule continues unchanged, it should be cut roughly in half again over the next 12 months.
That is the core of DeFi Oracle’s argument: miners continuously receive fewer new coins to potentially bring to market.
<h2 class="wp-block-heading" id="almost-97-of-all-kas-already-exists">Almost 97% of All KAS Already Exists</h2>
The supply numbers make the effect easier to see.
Kaspa currently has about 27.81 billion KAS circulating against a maximum supply of roughly 28.70 billion. That means approximately 96.9% of the maximum supply has already been mined.
Only around 897 million KAS remain.
That is just over 3% of the maximum supply.
Kaspa’s official emission schedule was designed this way from launch. The project had no premine or preallocation, with coins entering circulation through proof-of-work mining.
The remaining emission also keeps shrinking.<a href="https://wiki.kaspa.org/en/timeline" rel="noopener noreferrer nofollow"> Kaspa’s published schedule </a>shows monthly issuance dropping from roughly 51.1 million KAS in the current phase to 48.3 million the following month, then 45.6 million and progressively lower thereafter.
<h2 class="wp-block-heading" id="lower-supply-does-not-automatically-mean-higher-kas-price">Lower Supply Does Not Automatically Mean Higher KAS Price</h2>
There is an important limitation to the bullish argument.
Lower issuance reduces one source of potential selling pressure, but it does not create buyers.
KAS currently trades around $0.029 with a market capitalization near $800 million, and<a href="https://captainaltcoin.com/kaspa-bulls-need-to-hold-this-level-to-avoid-more-downside/" rel="noopener noreferrer nofollow"> the Kaspa price remains roughly </a>86% below its all-time high.
Existing holders can still sell billions of already-circulating coins regardless of how few new KAS miners receive.
So emission alone cannot trigger a recovery.
What changes is the amount of new demand needed to absorb newly created supply.
At today’s price, absorbing an entire day’s issuance theoretically requires only around $49,000. A year from now, if the emission schedule holds and price were unchanged, that figure would be roughly half as large.
That is why the Kaspa supply math becomes more interesting.
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The post <a href="https://captainaltcoin.com/kaspas-new-supply-is-shrinking-fast-heres-the-math/" rel="noopener noreferrer nofollow">Kaspa’s New Supply Is Shrinking Fast – Here’s the Math</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.

Kaspa’s New Supply Is Shrinking Fast – Here’s the Math

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