

Kaspa (KAS) has experienced a significant milestone in 2025 with futures open interest exceeding $75 million, marking substantial growth in market activity. This achievement comes during a period of increased volatility for the asset, whose price has seen considerable fluctuations in recent months.
The surge in futures open interest demonstrates growing trader interest despite the token's recent price action. Market data indicates this growth coincides with several key developments in the Kaspa ecosystem, particularly the anticipated launch of smart contract functionality, which represents the network's most significant update to date.
Trading volumes have shown correlations with open interest growth as illustrated below:
| Period | Open Interest | 24h Trading Volume | Price Action |
|---|---|---|---|
| Early October 2025 | $65M | ~$100M | Stable ($0.07-0.08) |
| Mid-October 2025 | $70M | ~$300M | Decline ($0.07 to $0.055) |
| Late October 2025 | $75M+ | ~$200M | Recovery ($0.05 to $0.058) |
Analysts note this increased futures activity follows Kaspa's price correction from its July 2025 high of approximately $0.20 to current levels around $0.057. The sustained growth in derivatives interest despite this price decline suggests sophisticated traders are positioning for potential price movements based on upcoming technical developments rather than merely speculating on short-term volatility.
The market's response indicates confidence in Kaspa's technical fundamentals even amid broader cryptocurrency market uncertainty, with daily volumes consistently exceeding $100 million throughout October 2025.
The latest data confirms that Kaspa (KAS) funding rates have maintained a neutral position at 0.01%, signaling a balanced market sentiment among derivatives traders. This stability is particularly noteworthy when compared to the significant price fluctuations observed in recent months.
Market analysts consider 0.01% as the baseline threshold for funding rate neutrality. When funding rates remain at this level, it indicates neither long nor short positions are dominating the market, suggesting a healthy equilibrium between buyers and sellers.
The current funding rate data presents an interesting contrast with KAS price action:
| Time Period | KAS Price Change | Funding Rate |
|---|---|---|
| Oct 10-17, 2025 | -27.5% (From $0.07382 to $0.05352) | Maintained at 0.01% |
| Oct 25-30, 2025 | +13.13% (7-day growth) | Remained neutral at 0.01% |
Despite KAS experiencing substantial volatility over the past month (-24.7% monthly change), the persistent neutral funding rate suggests institutional traders are cautiously positioned. Historical data from CoinGlass confirms this trend has held steady throughout October, even as KAS dropped significantly from its all-time high of $0.2078 reached on July 31, 2025.
This funding rate stability might indicate that derivatives traders are waiting for clearer market direction before establishing aggressive positions in either direction, despite the recent price recovery.
Despite recent market fluctuations, Kaspa (KAS) continues to demonstrate remarkable resilience and underlying strength. While October 2025 data shows a significant 24-hour price decline of 0.72%, the broader trend reveals a robust 7-day growth of 13.13%, indicating strong buyer interest overcoming short-term volatility.
Technical analysis supports this bullish outlook, with KAS maintaining crucial support levels after recovering from its October 10th flash crash. The token has established a steady uptrend since October 22nd, rising from $0.04923 to $0.05845 on October 29th - representing an impressive 18.7% recovery.
Market experts remain confident in KAS's medium-term prospects, with price forecasts suggesting potential targets between $0.60 and $0.80 by the end of 2025. This optimism is reflected in the following comparison:
| Timeframe | Price Change | Market Sentiment |
|---|---|---|
| 24 Hours | -0.72% | Neutral |
| 7 Days | +13.13% | Bullish |
| 30 Days | -24.7% | Bearish |
| 1 Year | -49.88% | Bearish |
The Kaspa community demonstrates unwavering conviction in the project's fundamentals despite market turbulence. With a current market capitalization of $1.53 billion and strong trading volume exceeding $10 million daily, KAS remains positioned for potential further gains as broader market conditions improve and its technological advantages gain wider recognition.
KAS coin is a cryptocurrency on the Kaspa blockchain, using BlockDAG architecture and GHOSTDAG protocol for fast transactions and high security. It aims to solve blockchain scalability issues.
Yes, Kaspa has a bright future. Its innovative technology and growing community support indicate strong potential for long-term success and adoption in the cryptocurrency market.
While possible, it's highly unlikely in the near term. Kaspa would need to gain over 11,000% from current levels to reach $10, which is an extremely ambitious target.
Melania Trump's coin is called $MELANIA. It was launched as a meme coin in 2025.











