Why is KAITO Soaring?

The current rally appears to be catalyzed by the recent integration of Huma Finance’s Yapper leaderboard into the Kaito ecosystem ahead of its upcoming Token Generation Event (TGE).

The leaderboard incentivizes “yappers,” users who actively engage with crypto content on X, with token rewards and ecosystem perks.

Momentum was already building after Kaito founder Yu Hu announced on May 5 the launch of the “Earn and Drop” campaign, with the first collaboration featuring PayFi Network’s BOOP.

The campaign coincided with a significant analytics update, as Kaito added Total Value Distributed data to its Dune Analytics dashboard, enhancing transparency around token incentives and ecosystem activity.

Data from Dune reveals that over $72.3 million in rewards have already been distributed across the Kaito ecosystem to yappers, stakers, and hodlers, excluding the upcoming KAITO airdrop.

The project now boasts more than 200,000 monthly active users, solidifying its position as a rapidly expanding Web3 social platform.