Kaspa’s Trading Volume: Why Spot Matters More Than Perpetuals
In the past 24 hours, Kaspa (KAS) recorded around $65 million in spot trading volume, while perpetual futures trading exceeded $300 million, according to CoinMarketCap. That’s a ratio of roughly 1 to 4.6 — meaning almost five times more trading came from leveraged derivatives than from actual buying and selling of the coin itself. This isn’t a one-off. Kaspa’s
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