Analysis

Layer-1 Altcoin KAIA Stumbles Following New Surprise Binance Listing

Published

1 year ago

November 1, 2024

Layer-1 blockchain Kaia (KAIA) is falling in worth after abruptly receiving help from Binance, the world’s largest crypto alternate platform by buying and selling quantity.

In a brand new announcement, Binance say it has added the Ethereum Digital Machine (EVM)-based digital asset to its product suite as of October 31.

“Binance is worked up to announce that Kaia will probably be added to Binance Easy Earn, ‘Purchase Crypto’, Binance Convert and Binance Margin.”

Information of the itemizing has not had an overwhelmingly optimistic affect on KAIA, because the crypto asset noticed a sudden drop in worth. KAIA went from a peak of $0.150 on October 31 to the present worth of $0.136, a decline of 9.3%.

In keeping with Kaia’s official websiteThe good contract platform goals to supply enterprise-level efficiency and reliability whereas lowering prices and providing quick transfers.

“Kaia blockchain goals to realize instantaneous finality for transactions, present excessive transaction processing pace for real-world use, scale back the price of working blockchain functions, scale back limitations to entry for finish customers, and facilitate straightforward adoption of know-how for various industries. ”

As well as, the undertaking has its personal digital machine based mostly on EVM, permitting it to work with Ethereum (ETH).

“The Kaia Digital Machine (KVM) offers a strong good contract execution surroundings based mostly on the Ethereum Digital Machine:

Helps all EVM opcodes and extra Kaia-specific prebuilt contracts.
Suitable with Solidity and Ethereum growth instruments (e.g. Remix, Hardhat, Foundry).
Permits builders to port Ethereum good contracts to Kaia with minimal modifications.”

Do not miss a beat – Subscribe to obtain e-mail alerts straight to your inbox

Test worth motion

Observe us additional X, Facebook And Telegram

Surf to the Every day Hodl combine