Keeta, a new layer-1 blockchain network backed by former Google CEO Eric Schmidt, officially launched its mainnet today after months of development and testing, and it claims it transacts faster than any other network today, including Solana, Ethereum, and Tron.
During its test phase, the network processed more than 28.7 million transactions and produced over 42.6 million blocks, according to the press release.
In a stress test done in June, Keeta showed it could process 11.2 million transactions per second. This is 2,500 times faster than Solana and even greater than the combined capacity of payment systems like Visa, SWIFT, and FedNow. Therefore, setting a new benchmark for blockchain systems
Strong market debut at launch
When it launched, Keeta began with 235 million wallets with funds in them, while over 42 million wallets had already completed transactions. More than 13 exchanges listed its token immediately, and the token itself has climbed 190% from its lowest level this year. That rally has pushed Keeta’s market capitalization to over $457 million, with a fully diluted valuation of more than $1.08 billion.
“I’m incredibly proud of everything that the team has accomplished to get us to this point and super excited for the world to see what we’ve built. Keeta really is the most advanced, scalable L1 in the world, and now we get to prove it,” Founder and CEO Ty Schenk said.
However, before taking position as the fastest blockchain, Keeta will have to fight for space in a very competitive market. Currently, Ethereum is dominating the decentralized finance space, including stablecoins and real-world asset tokenization.
Solana is preparing its Alpenglow upgrade, which will push its speed beyond 100,000 transactions per second, while Tron, Binance Smart Chain, and IOTA also maintain strong positions.
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