Swift moves $5 trillion daily in cross boarder payments
Swift will use $KAS rails soon, trust me bro
Why? Because Kaspa is #ISO20022 compliant & the fastest Proof of Work with same fundamentals as $BTC
Theres no Kaspa CEO, unlike $XRP so don’t have to worry about lawsuits
Yonatan’s interview is not a payments pitch. It is a rejection of the lazy “Kaspa Accepted Here” narrative as the primary adoption vector. Payments are too small of a frame. Stablecoins already captured most of the generic medium-of-exchange demand, and Bitcoin already dominates the store-of-value imagination. Kaspa’s real thesis is more precise: Base of Liquidity — a proof-of-work asset that can sit between trades, applications, collateral systems, prediction markets, coordination markets, and real-time financial state without forcing users back into custodial liquidity or slow settlement rails.
That is why “real-time Bitcoin” is only the primitive, not the product. Kaspa’s base layer already brands itself around real-time decentralization: Bitcoin-like proof-of-work security without the long confirmation wait, operating at 10 blocks per second today. But Yonatan is clearly saying that speed alone does not create adoption. A faster empty chain is still an empty chain. The missing layer is activity that could not exist before: markets where time, information, liquidity, and execution rights update continuously instead of waiting for external bots, centralized sequencers, or fragmented L2 domains.
This is where Toccata becomes the hinge. The hard fork is not “Kaspa gets smart contracts” in the generic Ethereum sense. It introduces two distinct programmability paths: native L1 covenant programming through Silverscript, and based ZK applications anchored into Kaspa through covenant and ZK verification infrastructure. More importantly, KIP-21’s partitioned sequencing commitment is designed so a ZK application proves work proportional to its own activity, not the entire DAG’s global activity — a critical scaling property if Kaspa is going to support real application load without turning the L1 into a bloated execution landfill.
The deeper story is that Kaspa is trying to become a universal scheduler for decentralized liquidity. Not an EVM clone. Not another rollup host. Not a merchant-payment mascot. A real-time proof-of-work clock where covenants constrain money, ZK proves computation, vProgs aim toward sovereign yet composable execution, and future coordination markets can price urgency, truth, risk, and settlement priority at the base of the system. Toccata is the first hard structural turn in that direction: the moment Kaspa stops being understood as fast money and starts becoming programmable liquidity under proof-of-work time.
KASPA HITS MAJOR MILESTONES IN 2026 AS TOCCATA HARD FORK NEARS AND SUPPLY EMISSION WINDS DOWN
Kaspa has stacked a series of milestones over the past year as the network transitions from a payments-focused proof-of-work chain to a programmable Layer 1.
The Crescendo hard fork pushed the network to 10 blocks per second, with peak loads exceeding 10,000 TPS. While cumulative on-chain transactions are approaching 2 billion.
Founder Yonatan Sompolinsky (@hashdag) took the Kaspa pitch to the Oxford Union in March, a notable mainstream-academic crossover for a fair-launched community project.
The Toccata hard fork hit code freeze on April 15 with mainnet activation targeted between June 5 and June 20. Toccata brings native L1 covenant programming via the SilverScript compiler, ZK verification opcodes, KIP-21 partitioned sequencing, and KRC-20 tokens as a base-layer feature.
The supply story compounds the upgrade story. Roughly 95.4% of $KAS is already in circulation, with new emission approaching zero by the end of 2026. $KAS trades near $0.0325 with a market cap of around $888 million, with a near-fully distributed supply heading into its biggest programmability upgrade.
I am once again asking Kaspa haters to take 30 minutes to research who Paul van Son is and study his history with DII. Either this is the biggest psyop in Kaspa history or $KAS will soon be positioned to be a major player in the energy trading sector in the Middle East and eventually the world. Energy trading makes up tens of trillions of dollars every year in the world. @DiiDesertEnergy@KaspaKii