ETH vs KAS: Ethereum vs Kaspa — 2026 Comparison
This page compares Ethereum (ETH) and Kaspa (KAS) using the DeFi Intel research dataset. Native asset of the Ethereum blockchain, used to pay gas fees and secure the network through proof-of-stake consensus. Launched in 2015 with smart contract support. Native asset of Kaspa, a proof-of-work BlockDAG L1 based on the GHOSTDAG protocol that allows parallel blocks to coexist in consensus. Fair-launched in 2021 with no pre-mine, ICO, or VC allocation. Targets very high block rates with a 28.7 billion coin emission cap. As of the last data review, ETH ranks #2 by approximate market capitalisation (≈$420B) and KAS ranks #33 (≈$4B).
Side-by-side comparison
| Feature | Ethereum (ETH) | Kaspa (KAS) |
|---|---|---|
| Market-cap rank | #2 | #33 |
| Approx market cap (USD) | $420B | $4B |
| Category | Layer 1 | Layer 1 |
| Chain(s) | Ethereum | Kaspa |
| Token standard | native | native |
| Launched | July 2015 | November 2021 |
| Consensus role | PoS | PoW |
| Issuer | Ethereum Foundation | — |
| Issuer type | Decentralized (no single issuer) | Decentralized (no single issuer) |
| Total supply | 120,500,000 | 28,700,000,000 |
| Circulating supply | 120,500,000 | 24,500,000,000 |
| Max supply | uncapped | 28,700,000,000 |
Ethereum (ETH) in brief
- Native asset of the Ethereum blockchain, used to pay gas fees and secure the network through proof-of-stake consensus. Launched in 2015 with smart contract support.
- Launched July 2015.
- Chain-native asset of Ethereum.
- No fixed max supply (uncapped).
- Issuer: Ethereum Foundation.
Full profile: Ethereum (ETH) token page.
Kaspa (KAS) in brief
- Native asset of Kaspa, a proof-of-work BlockDAG L1 based on the GHOSTDAG protocol that allows parallel blocks to coexist in consensus. Fair-launched in 2021 with no pre-mine, ICO, or VC allocation. Targets very high block rates with a 28.7 billion coin emission cap.
- Launched November 2021.
- Chain-native asset of Kaspa.
- Max supply: 28,700,000,000.
Full profile: Kaspa (KAS) token page.
Key differences (data view)
- ETH is the larger asset by market capitalisation: rank #2 (≈$420B) versus rank #33 (≈$4B) for KAS.
- ETH is the older asset — launched in 2015, 6 years before KAS (2021).
- They live on different chains — ETH: Ethereum; KAS: Kaspa.
- KAS has a fixed max supply of 28,700,000,000; ETH has no supply cap.
- Both are classified as Layer 1 assets in the DeFi Intel dataset.
Frequently asked questions
Which is bigger, ETH or KAS?
Ethereum (ETH) is larger by market capitalisation: approximately $420B (rank #2) versus $4B (rank #33) for KAS, as of the last DeFi Intel data review.
When did Ethereum and Kaspa launch?
Ethereum launched in July 2015; Kaspa launched in November 2021.
Are ETH and KAS on the same chain?
No. ETH is on Ethereum, while KAS is on Kaspa.
Does KAS or ETH have a fixed supply?
Kaspa (KAS) has a fixed max supply of 28,700,000,000. Ethereum (ETH) has no fixed supply cap.
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- BTC vs KAS
- ETH vs ICP
- Ethereum (ETH) token profile
- Kaspa (KAS) token profile
- All DeFi Intel comparisons →
Methodology & sources
Every figure on this page is drawn from the DeFi Intel token research dataset — the same data that powers the ETH and KAS token profiles. Market capitalisations and supply figures are approximate snapshots from the last dataset review, not live quotes. DeFi Intel publishes editorial research, not financial advice.