Prices change every day, but the usage curve can filter out the noise. To assess Kava's health, it is recommended to create three permanent tables and review them weekly.

First table: Co-Chain Adoption Table. Focus on the number of active contracts, number of contract interactions, number of unique calling addresses on the EVM side, as well as IBC traffic and cross-chain routing success rate on the Cosmos side; mark the Translator version updates and node upgrade events on the timeline to observe their impact on throughput and failure rates. Official documents and version repositories provide objective anchors for 'when upgrades occurred and what was upgraded,' which, combined with third-party RPC and block explorer statistics, can restore the mapping relationship of 'engineering changes - experience changes.'

Second table: Funding Path Table. Create a Sankey diagram of 'CEX/Fiat Entry → Kava EVM/Cosmos → Native USD₮ → Target Application → IBC', tracking the inflow and outflow of USD₮, Rise incentive allocations, and retention across chains. Refer to Tether's official announcements, Kava's deep dive articles on Cosmos-native USD₮, and Rise rule pages, and compile the stocks and changes of the top ten IBC aggregated chains each month. If one observes 'increased depth on the entry side + increased IBC stock + more concentrated incentive distribution', it indicates that this path is becoming more efficient.

Third table: Supply and Incentive Table. Place key nodes of fixed supply (the last block of issuance in 2023, fixed cap starting January 1, 2024) at the top of the table, recording the three categories of inflow/outflow: treasury disbursements, protocol fees, and staking rewards; while also tracking the number of active validators, staking ratio, and unclaimed reward balance. This table can answer 'without inflation, where do rewards come from, and are they enough?'. The official Tokenomics 2.0 explanation and multiple reports provide a clear basis for establishing long-term tracking.

By reading the three tables in conjunction with the official real-time panel (approximately 100 validators, about 120 million KAVA staked, a cumulative cross-chain total of approximately 2.5 billion USD, on-chain assets of about 625 million USD, and an average fee rate of about 0.0001 USD), one can see whether the 'structure is improving' beyond market sentiment. This method is also suitable for content creators to make 'daily update cards' during ranking periods: updating only one or two core indicators per article, which is both professional and time-saving.

Looking ahead to 2025—2026, the following events can be added to the observation list:

— Will Kava AI's execution panel publicly disclose failure rates, P95 latency, and auditable playback?

— Will Rise introduce more indicators of 'allocation in exchange for usage' rather than just looking at the stock?

— Will bridge migration and routing continue to reduce the 'cold start friction' on the user side? As long as the three 'usage curve' tables are trending upwards, the value anchor under fixed supply will become increasingly clear.

Interaction: Which 'usage curve' weekly update do you want to see the most in the next 30 days? A. Co-Chain Adoption Table; B. Funding Path Table (USD₮/Rise/IBC); C. Supply and Incentive Table.

@kava #KavaBNBChainSummer $KAVA