Establishing a connecting public blockchain economy Scope of analysis: Official website, official documents, white papers, GitHub, governance documents, Explorer, DeFiLlama, Dune, CoinGecko, etc. Public data Kaia is a Layer 1 network launched based on the technology and ecosystem integration of Klaytn and Finschia, and official documents and white papers include Kakao affiliated Klaytn, It is explained that the goal is to promote popular Web3 adoption by integrating the user base and infrastructure of LINE affiliate Finschia. The official website positions Kaia as “EVM-compatible Layer 1 for stablecoin payments and on-chain finance across Asia,” and presents key use cases as...
Investment View
The governance sustainability evaluation criteria are as follows. The biggest advantage in design is that it combines 1-second blocks, instant finality, EVM compatibility, large messenger-based distribution channels, and KEF/KIF-based growth budget. The success of economic design should be judged not by the KAIA price, but by whether Stablecoin Mcap, Chain Fees, Chain Revenue, DEX Volume, Public Delegation Participation Rate, MEV Burn Volume, and KEF/KIF investment performance improve over the long term.
The methodology was applied based on the uploaded evaluation system. Kaia is an EVM-compatible Layer 1 launched through the integration of Klaytn and Finschia, and its official website presents “stablecoin settlement and onchain finance across Asia” as its core positioning. The white paper and MiCA document describe KakaoTalk·LINE-based large-scale Web2 user accessibility, EVM compatibility, 1-second block generation, instant finality, and 4,000 TPS goals as core values .
Investment View
It depends on “whether token reward distribution is linked to growth contribution”. $$ ACR \= \frac{TVL {DeFi} + Volume {DEX,30d} / 12}{Stablecoin\ Market\ Cap} $$ $Stablecoin\ Market\ Cap \approx 229.8m$ $DEX Volume {24h} \approx 1.87m$, simple monthly conversion of approximately $56.1m$ $Volume {DEX,30d}/12 \approx 4.68m$ TVL is conservatively evaluated as “small to medium” because the DeFiLlama chain/protocol aggregation is variable $$ ACR \approx \frac{TVL {DeFi} + 4.68m}{229.8m} $$ Interpretation: If TVL is $25m, ACR is about 12.9%, and if TVL is $50m, ACR is about 23.8%. The key points to watch over the next 12 months are not price...