Layer-1 blockchain Kava’s native token, KAVA, has surged nearly 40% over the past week as its network prepares to undergo a major mainnet upgrade.
The “Kava 13” upgrade will speed up transactions on the network and offer greater security when it goes live on May 17. The network will also launch a new bridge that facilitates the transfer of assets from Cosmos to protocols across Kava.
KAVA previously rallied roughly 10% last Wednesday after token holders suggested terminating the project’s several grants and rewards programs by the year’s end. The token’s market capitalization is $513 million, CoinGecko data shows.
Trending: Huh? Chuck Schumer Slams ‘MAGA Supreme Court’ After A Unanimous Decision
Despite the gains KAVA has notched
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!