KEYTAKEAWAYS
- Kaia+LINE NEXT Model
- Kaia and LINE NEXT announced their first lineup of 32 mini dapps on the Dapp Portal
- Kaia Has a Rich Ecosystem Project Portfolio, but High Dependence on Top Projects
- Focus on Memecoins, Kaia's Ecosystem Infrastructure and Services are Complete
- KEY TAKEAWAYS
- KAIA+LINE NEXT MODEL
- KAIA TECHNICAL ARCHITECTURE AND PERFORMANCE
- KAIA HAS A RICH ECOSYSTEM PROJECT PORTFOLIO, BUT HIGH DEPENDENCE ON TOP PROJECTS
- FOCUS ON MEMECOINS, KAIA’S ECOSYSTEM INFRASTRUCTURE AND SERVICES ARE COMPLETE
- TOTAL VALUE LOCKED (TVL) AND LIQUIDITY ANALYSIS
- DISCLAIMER
- WRITER’S INTRO
CONTENT
Kaia is closely integrated with LINE NEXT. Kaia and LINE NEXT announced their first lineup of 32 mini dapps on the Dapp Portal. Kaia Has a Rich Ecosystem Project Portfolio. Focus on Memecoins.
Recently, Kaia and LINE NEXT announced their first lineup of 32 mini dapps on the Dapp Portal. Suddenly, earning cryptocurrency airdrops through Mini Dapp experiences on the LINE social app became an industry hot topic.
The public blockchain Kaia, built by messaging giants LINE and Kakao, also announced last week its first batch of Mini Dapps on LINE launching in January 2025, with the gamified social metadata platform Yuliverse successfully selected. Kaia leverages the existing user base of KakaoTalk and LINE, which are among Asia’s most popular messaging apps. By integrating Web3 technology into these platforms, Kaia aims to make blockchain more accessible and familiar to millions of users. Following TON’s example, Kaia represents another paradigm of public blockchain integration with popular social software.
KAIA+LINE NEXT MODEL
Similar to the TON+Telegram model, Kaia is closely integrated with LINE NEXT. Users can directly experience Mini DApps in LINE NEXT, making the social software a gateway to Web3.
Kaia is deeply rooted in the East Asian market, precisely targeting Asian users’ social and financial needs through LINE’s approximately 178 million monthly active users in Japan, Taiwan, Thailand, and other regions, along with KakaoTalk’s 49 million monthly active users driven by its 96% penetration rate in South Korea. Its users are predominantly groups familiar with Asian social culture, having high demands for local financial services and frequent social interactions. KAIA is committed to cleverly integrating blockchain services into their familiar social and payment scenarios, creating a Web3 ecosystem experience with Asian characteristics, like a lifestyle service platform tailored for local residents.
The LINE Messaging App serves as both a messaging platform and a super lifestyle assistant used by both crypto and non-crypto users. LINE’s DApp Portal and Mini DApps will provide an unparalleled user experience (UX) based on a clean user interface (UI). The Mini DApps initiative is expected to achieve tremendous success and transform the way Web3 is used.
KAIA TECHNICAL ARCHITECTURE AND PERFORMANCE
KAIA adopts the pBFT consensus mechanism, which functions like an efficient traffic control system, supporting rapid processing of 4,000 transactions per second, ensuring efficient and smooth transactions. Moreover, it is compatible with the Ethereum Virtual Machine (EVM), which acts like a bridge, greatly facilitating developers in easily migrating their existing projects to the KAIA ecosystem. This provides strong technical support for the ecosystem’s rapid enrichment and development, enabling various RWA, DeFi, and NFT applications to quickly take root.
In terms of technical modules, Kaia demonstrates superior performance. A notable feature of Kaia is its transaction processing speed and efficiency. With low transaction fees and high processing speed, Kaia is well-suited for various scenarios, from simple transfers to complex decentralized applications requiring rapid interactions. Kaia’s design emphasizes interoperability, meaning it can seamlessly interact with other blockchains and protocols. This capability is crucial for a platform aiming to be the foundation of a broader blockchain ecosystem, as it allows for a more connected and functional network. Kaia recognizes the importance of a strong developer community and therefore provides a range of tools and resources specifically designed to support the creation of decentralized applications.
KAIA HAS A RICH ECOSYSTEM PROJECT PORTFOLIO, BUT HIGH DEPENDENCE ON TOP PROJECTS
Kaia built a robust Web3 ecosystem by integrating blockchains developed by Kakao and LINE (Klaytn and Finschia). Kaia’s ecosystem covers various categories including decentralized exchanges (DEX), liquid staking, lending, yield aggregators, cross-chain solutions, games, NFTs, and more. This diversified structure helps attract different user groups and promotes widespread ecosystem adoption.
Source: Defillama
However, there is a high concentration in ecosystem projects, particularly in DEX and liquid staking projects (such as NEOPIN, Lair Finance, DragonSwap, and Capybara Exchange) which attract the majority of users and transaction volume, indicating that Kaia users prefer high-liquidity investment tools, while demand for other categories remains to be explored.
A large batch of Mini DApps announced on Kaia’s official blog are launching successively. These include dozens of innovative projects such as Wizzwood, Bullet Storm, BANANA, Cattea, Farm Frens, Kuma Jump, Lucky Galaxy, Meme Musume, and others.
Source: Kaiachain
The Kaia Wave program aims to discover, attract, and integrate competitive Web3 projects supported by Kaia within the LINE Messenger ecosystem. The collaboration between Kaia DLT Foundation (Kaia) and LINE NEXT aims to integrate their blockchain solutions into the mainnet, ensuring seamless operation of Mini DApps and DApp Portal. Mini DApps and DApp Portal will be integrated into the LINE Messaging super app in January 2025. As a comprehensive end-user platform, it helps users discover and engage with these outstanding Mini DApps on the LINE Messenger App. Since September 2024, over 800 teams have applied through the Kaia Wave program, with 30 DApps ultimately selected to become the first batch of mini programs officially launching on LINE Messenger.
FOCUS ON MEMECOINS, KAIA’S ECOSYSTEM INFRASTRUCTURE AND SERVICES ARE COMPLETE
Kaia is working to build a strong, vibrant memecoin ecosystem. Kaia has launched KaiaFun—a memecoin platform similar to Pump.fun. KaiaFun will initiate a new memecoin ecosystem on Kaia, introducing hundreds of unique memecoins to users. Additionally, Kaia’s DeFi infrastructure is equipped with essential financial modules to drive the development of Kaia’s meme economy.
As mentioned in the Kaia Wave program, Kaia provides a Mini Dapp environment for LINE Messenger, enabling various Mini Dapps to launch, thereby creating a virtuous cycle by increasing Kaia’s users and assets, enhancing on-chain revenue. This benefits both Web3 and Web2 users to participate, with users creating actual benefits through using and contributing to Dapps, bringing entirely new user experiences.
Kaia blockchain’s utility token $KAIA will play a crucial role in LINE Messenger’s Mini DApps and DApp Portal for payments, incentives, and rewards. Kaia plans to tailor incentive policies for DApp partners who help expand $KAIA utility by using it in their services. When a DApp purchases $KAIA from the secondary market to reward its users, Kaia official can provide substantial marketing support, such as advertising placement on the DApp Portal homepage.
TOTAL VALUE LOCKED (TVL) AND LIQUIDITY ANALYSIS
Despite high trading volumes in Kaia’s top projects, the ecosystem’s overall TVL remains relatively low. Lending platforms (like KlayBank) and liquid staking projects (like Stake.ly) have potential to increase TVL by attracting more capital through staking yields and lockup rewards. Leveraging the innovative vitality of memecoin projects, if Kaia can further enrich DeFi tools and add high-yield products like leverage trading and options, it could attract more users and increase capital retention, significantly boosting TVL.
Source: Defillama
Looking ahead, Kaia, as an emerging blockchain project merged from Klaytn and Finschia, has high market attention and possesses unique competitiveness and development potential. In this crypto bull market, it’s expected to leverage LINE and Kakao’s strong user base to build an influential Asian Web3 ecosystem
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