TLDR:
- Milestone: Keeta ($KTA) has surpassed the $1 billion market cap mark, currently at $1.1 billion, and is still going strong with a total trading volume of $9.2 million as of June 03, 2025.
- Catalyst: The momentum for the token has been further fueled following reported interest from ex-Google CEO Eric Schmidt, whose follow-on X and earlier investment claims have reignited interest in Layer 1 blockchain Keeta Network.
Keeta ($KTA), with the contract address 0xc0634090F2Fe6c6d75e61Be2b949464aBB498973, has passed the important milestone of having crossed the mark of $1 billion market cap and is now at $1.1 billion, with trade volume of $9.2 million up to June 03, 2025. The rally is the milestone achieved for the Layer 1 blockchain network since its “out of stealth” debut on Base on the 5th of March. The price of the token went up significantly following the news reported of the onboarding of the former CEO of Google, now the 56th richest man alive, whose moves and past investments have created renewed investors’ interest.
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Its native currency, KTA, picked up strong momentum soon after the launch when investors came across a 2023 Techcrunch piece quoting Schmidt as the leader of an investment team who had invested $17 million in Keeta. The revelation, along with the recent follow-up on Keeta’s X profile by Schmidt, pushed the price of the currency to nearly three times its value despite initial skepticism around the lack of an existing product and the unusual debut on an Ethereum Layer 2. Keeta founder Ty Schenk also validated Schmidt’s role in an X thread on March 7, adding legitimacy to the project’s premise.
In his endorsement, reported on 2023 by PR Newswire, Eric noted Keeta’s technology is “orders of magnitude more efficient and more scalable than existing solutions.” The comment has resonated with the cryptocurrency community since the announcement from Keeta of its upcoming testnet, live later this March, along with an accompanying wallet solution and block explorer. The network is positioning itself to become a niche for low-value cross-border payments, offering something to utilize instead of the SWIFT-type system, which is geared toward high-value transactions.
Keeta’s release of official documentation for its software development kit (SDK) on 16th May provides further details on the dev experience, with greater transparency and ease. The development came just three days following Keeta’s official Chainspect listing, where the network’s maximum capacity of 47,000 transactions per second (TPS) had been officially confirmed, 1500% more compared to the Solana chain.
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