The post Keeta Token Rallies on Mainnet Launch appeared on BitcoinEthereumNews.com. The Layer 1 blockchain goes live with features aimed at faster, lower-cost transactions across blockchains. Keeta’s native token KTA rallied on Monday, Sept. 22, after the Layer 1 (L1) blockchain project officially rolled out its mainnet. At the time of writing, KTA is trading at $1.11, up 5% over the past 24 hours after briefly surging as much as 10% earlier today. The token is also up around 50% since Friday, according to CoinGecko. Currently, KTA boasts a market capitalization of $447 million. KTA Chart The mainnet launch introduces features like asset transfers from other systems and chains, support for asset swaps, and an easier method for off-ramping. The L1 blockchain, founded in 2022, has processed over 28.7 billion testnet transactions to date, per Keeta’s explorer. Meanwhile, a public stress test from June recorded Keeta handling 11.2 million transactions per second (TPS), according to a press release reviewed by The Defiant. “This breakthrough performance not only surpasses all existing blockchain networks, outpacing Solana by 2,500x, but also exceeds the combined throughput of traditional financial systems like Visa, FedNow, and SWIFT,” the release reads. SWIFT is currently the primary messaging network through which international payments are initiated. Keeta Network’s mainnet launch highlights decentralized finance’s (DeFi) need for fast, low-cost transactions across different blockchains and payment systems. Some of the biggest issues users have with earlier blockchains like Bitcoin and Ethereum are slow speeds, high fees, and network congestion. This has prompted a wave of newer networks, both L1s and Layer 2s (L2s), that aim to tackle these issues. “Our mainnet launch marks a huge milestone for Keeta,” said Ty Schenk, founder and CEO of Keeta. “I’m incredibly proud of everything that the team has accomplished to get us to this point… Keeta really is the most advanced, scalable L1 in the… The post Keeta Token Rallies on Mainnet Launch appeared on BitcoinEthereumNews.com. The Layer 1 blockchain goes live with features aimed at faster, lower-cost transactions across blockchains. Keeta’s native token KTA rallied on Monday, Sept. 22, after the Layer 1 (L1) blockchain project officially rolled out its mainnet. At the time of writing, KTA is trading at $1.11, up 5% over the past 24 hours after briefly surging as much as 10% earlier today. The token is also up around 50% since Friday, according to CoinGecko. Currently, KTA boasts a market capitalization of $447 million. KTA Chart The mainnet launch introduces features like asset transfers from other systems and chains, support for asset swaps, and an easier method for off-ramping. The L1 blockchain, founded in 2022, has processed over 28.7 billion testnet transactions to date, per Keeta’s explorer. Meanwhile, a public stress test from June recorded Keeta handling 11.2 million transactions per second (TPS), according to a press release reviewed by The Defiant. “This breakthrough performance not only surpasses all existing blockchain networks, outpacing Solana by 2,500x, but also exceeds the combined throughput of traditional financial systems like Visa, FedNow, and SWIFT,” the release reads. SWIFT is currently the primary messaging network through which international payments are initiated. Keeta Network’s mainnet launch highlights decentralized finance’s (DeFi) need for fast, low-cost transactions across different blockchains and payment systems. Some of the biggest issues users have with earlier blockchains like Bitcoin and Ethereum are slow speeds, high fees, and network congestion. This has prompted a wave of newer networks, both L1s and Layer 2s (L2s), that aim to tackle these issues. “Our mainnet launch marks a huge milestone for Keeta,” said Ty Schenk, founder and CEO of Keeta. “I’m incredibly proud of everything that the team has accomplished to get us to this point… Keeta really is the most advanced, scalable L1 in the…

Keeta Token Rallies on Mainnet Launch

The Layer 1 blockchain goes live with features aimed at faster, lower-cost transactions across blockchains.

Keeta’s native token KTA rallied on Monday, Sept. 22, after the Layer 1 (L1) blockchain project officially rolled out its mainnet.

At the time of writing, KTA is trading at $1.11, up 5% over the past 24 hours after briefly surging as much as 10% earlier today. The token is also up around 50% since Friday, according to CoinGecko. Currently, KTA boasts a market capitalization of $447 million.

KTA Chart

The mainnet launch introduces features like asset transfers from other systems and chains, support for asset swaps, and an easier method for off-ramping.

The L1 blockchain, founded in 2022, has processed over 28.7 billion testnet transactions to date, per Keeta’s explorer. Meanwhile, a public stress test from June recorded Keeta handling 11.2 million transactions per second (TPS), according to a press release reviewed by The Defiant.

“This breakthrough performance not only surpasses all existing blockchain networks, outpacing Solana by 2,500x, but also exceeds the combined throughput of traditional financial systems like Visa, FedNow, and SWIFT,” the release reads. SWIFT is currently the primary messaging network through which international payments are initiated.

Keeta Network’s mainnet launch highlights decentralized finance’s (DeFi) need for fast, low-cost transactions across different blockchains and payment systems.

Some of the biggest issues users have with earlier blockchains like Bitcoin and Ethereum are slow speeds, high fees, and network congestion. This has prompted a wave of newer networks, both L1s and Layer 2s (L2s), that aim to tackle these issues.

“Our mainnet launch marks a huge milestone for Keeta,” said Ty Schenk, founder and CEO of Keeta. “I’m incredibly proud of everything that the team has accomplished to get us to this point… Keeta really is the most advanced, scalable L1 in the world, and now we get to prove it.”

To date, the blockchain project has raised $22.3 million in funding, with a current valuation of $75 million, according to Tracxn. The Keeta token was launched on Base in March.

Source: https://thedefiant.io/news/blockchains/keeta-token-rallies-on-mainnet-launch

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Share
BitcoinEthereumNews2025/09/18 01:44
TBC Bank Recognized as a Fintech Leader in Uzbekistan for AI and Digital Innovation

TBC Bank Recognized as a Fintech Leader in Uzbekistan for AI and Digital Innovation

TBC Bank, a prominent player in Uzbekistan’s banking sector, has rapidly become one of the leaders in fintech, driving digital transformation and innovative financial
Share
Techbullion2026/02/28 08:39