Basic analysis of the Kadena project | Scalable Layer-1 PoW blockchain (01/2024 - 07/2025)
(Data updated until 07/2025 and only basic information about the project to facilitate basic assessment – Not investment advice)

🔥 Overview
Kadena (@kadena_io) is the only scalable Layer-1 Proof-of-Work (PoW) blockchain with Chainweb architecture and the Pact smart contract language. Founded in 2016 by Stuart Popejoy and Will Martino, former blockchain leaders at JPMorgan and SEC, Kadena offers high performance, low fees, and strong security, suitable for global finance, DeFi, NFTs, and enterprise applications. From 01/2024 to 07/2025, Kadena launches Chainweb EVM testnet, integrates with over 50 projects, and achieves a TVL of ~200 million USD. 💥

🕒 Important milestones
- Q1/2024: Launch of Pact 5, improving the smart contract language with enhanced security features.
- 07/2024: Chainweb EVM testnet launched, supporting Solidity contracts, attracting 200+ developers and 50+ projects.
- 10/2024: Integration with Magic Labs and Galxe, expanding Web3 wallet and community rewards.
- 04/2025: Kinesis Bridge testing with 40,000 $KDA to test security.
- 07/2025: Collaboration with the Croatian Football Federation and Ownera, expanding RWA (Real World Assets) applications.

🤝 Strategic partnerships
Kadena collaborates with major projects and organizations:
- Magic Labs (@magic_labs): Integrating Web3 wallets for easy login.
- Galxe (@Galxe): Supporting community rewards and integrating WalletConnect.
- Ownera (@OwneraIO): Integrating RWA, digitizing financial assets.
- DIA (@DIAdata_org): Providing real-time price data for smart contracts.
- Binance Labs (@BinanceLabs): Financial backer, supporting the listing of $KDA on Binance. 💼

💰 Tokenomics & Current Price
- Tokenomics: $KDA (total supply 1 billion, circulating ~**320 million**) used for transaction fees, staking, and governance. 50% of transaction fees distributed to the treasury for airdrops, grants, and buybacks. Mining rewards decrease over a fixed release schedule.
- Price (07/2025): $KDA at 0.4368 USD, 24h trading volume ~**8.74 million USD** (CoinMarketCap). Price down 3.4% in 24h, 24.1% in 7 days. All-time high (ATH) 27.64 USD (11/2021), currently down ~98.4%. All-time low (ATL) 0.287 USD (12/2024). Check CoinMarketCap/CoinGecko for real-time updates! 📈

🔓 Token Unlock Schedule
- Current (07/2025): 320 million $KDA in circulation (32% of total supply), with 2 million $KDA/month unlocked for ecosystem development and operational costs.
- Q3-Q4 2025: Expected to unlock 24 million tokens (2.4%) for the team and development fund, vesting over 12 months.
- 2026: Unlock 48 million tokens (4.8%) for the community treasury, vesting over 24 months.
- Note: The unlock schedule may be adjusted according to DAO voting (per Kadena.io).

🛠️ Products & Technology
- Chainweb: Multi-chain PoW architecture, connecting 25 chains, achieving thousands of TPS, enhancing security and performance.
- Pact: A readable, secure smart contract language that supports formal verification and upgradeable contracts.
- Kadena SpireKey: Web3 wallet that logs in with email or biometrics, integrating QR code and multi-sig.
- Chainweb EVM: Supports Solidity contracts, attracting developers from Ethereum.
- Kadena Block Explorer: A tool for real-time mining and transaction visualization. 🔧

💼 Business Model & Profitability
- Business model: Kadena generates revenue from transaction fees (0.01-0.05% per transaction) and SpireKey usage fees (~0.001 USD/transaction). 50% of fees distributed to the $KDA treasury for airdrops, grants, and buybacks. The Kadena Grants Program funds up to 50K USD for integrated dApps. Revenue from RWA (via Ownera) and NFTs (Marmalade V2) also contributes significantly.
- Profitability: Revenue from transaction fees and SpireKey is estimated at ~15 million USD/year (DappRadar, based on TVL of 200 million USD and 5 million transactions/month). Operating costs (~**5 million USD/year**, including servers and audits) lead to a net profit of ~10 million USD/year. The treasury supports the buyback of $KDA, increasing token value.

🗣️ Reviews from Prominent KOLs
- @Defi_Edward: “Kadena's Chainweb EVM testnet is a breakthrough, attracting 200+ devs and 50+ projects. $KDA is noteworthy!”
- @CryptoGirlNova: “Kadena is quietly developing with EVM and significant integrations, $KDA could explode!”
- @skibumtrading: “The Kadena community needs more transparency regarding the use of 2 million $KDA/month.”
⚠️ Some KOLs are concerned about the significant price drop and transparency, but the EVM and SpireKey integrations are highly regarded. 🌟

🛤️ Future Roadmap
- Q3-Q4 2025: Launch of Chainweaver V3, integrating additional non-EVM chains and expanding PerpDEX.
- 2026: Increase decentralized governance, improve Pact Toolbox, integrate AI for dApps and RWA.
- Long-term: Lead Layer-1 PoW blockchain, competing with Ethereum, Solana. 🚀

✅ Opportunities
- Scalability: Chainweb and Pact provide high TPS, low fees, suitable for global finance.
- Strong ecosystem: Collaborations with @magic_labs, @Galxe, @OwneraIO enhance credibility and real-world applications.
- Vibrant community: 100K+ members of Blaze Syndicate, airdrops and Kadena Academy attract developers. 💸

⚠️ Challenges
- Competition: Facing @solana, @cardano, @polkadot in Layer-1.
- Transparency: The community demands clearer usage of 2 million $KDA/month.
- Price volatility: $KDA has dropped ~98.4% from its peak, requiring increased adoption for recovery. 🛑

📝 Conclusion
Kadena (@kadena_io) is a pioneering Layer-1 PoW blockchain with Chainweb and Pact, achieving a TVL of 200 million USD and revenue of ~15 million USD/year. Collaborations with @magic_labs, @Galxe, @OwneraIO and the Chainweb EVM testnet demonstrate the potential to lead in DeFi and RWA. Do you think $KDA will surpass 1 USD? Have you joined Blaze Syndicate or are you waiting for a dip? Comment now to discuss! 🗣️

Sources:
- CoinMarketCap
- CoinGecko
- Kadena website
- Blogtienao
- DappRadar
- CryptoSlate


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