Organization Name – Kaspa Foundation

Category – Layer-1

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The Kaspa Foundation carries by far the largest market cap of any profile in this batch: $KAS reads a 24-hour market cap near $987 million. That figure alone puts Kaspa in a different category from almost every other project reviewed alongside it — this is genuinely large-scale, liquid, actively-traded infrastructure, not an early-stage speculative asset.

Director of Business Development Chris Wolf is identity-verified in the VaaSBlock registry; Contributor N.R. Crowningshield is named but not verified. RMA™ status is Unverified across all seven pillars despite the token’s… scale — a real gap between market size and completed governance certification. VBTransparencyScore 6.8 at the 50th percentile, ranked 17th of 19 in Layer-1. The Foundation’s own domain registered in 2024, three years after the protocol’s November 2021 mainnet launch — consistent with the Foundation existing as a distinct governance entity layered on top of an already-live protocol, rather than the protocol itself being newly formed.

The achievement log documents genuine technical progress: the 2021 mainnet launch built on the GHOSTDAG protocol, a 2022 hard fork addressing a spam vulnerability, a 2023 migration from Golang to Rust, and a 2025 "Crescendo" hard fork introducing 10 blocks-per-second throughput alongside new smart-contract capabilities. X carries only 2,030 certified followers against a separately-tracked audience figure of 119,251 — a genuinely wide gap for a project this large by market cap, worth noting directly.

A nearly billion-dollar market cap paired with an Unverified RMA™ status is the central tension in this profile: Kaspa’s scale suggests the market has already made its own trust judgment independent of any formal certification, which is exactly the kind of situation where a completed governance review would add the most incremental value for anyone doing counterparty diligence rather than simply following market signal. Read More