Layer1 blockchain Kaspa announced yesterday (16th) that it has officially appointed the well-known market maker DWF Labs as one of its market makers for the token $KAS. (Background: Is there any credibility to the rumor that Binance is accumulating Kaspa in preparation for spot trading?) (Background supplement: Overview of mining company Marathon's recent four major layouts related to mining Kaspa and incubating Bitcoin L2 payments) Like Bitcoin, the Layer1 blockchain Kaspa adopts a PoW (Proof of Work) consensus mechanism. Yesterday (16th) evening, it announced on social media platform X that it has officially appointed DWF Labs as one of the market makers for its token $KAS: Starting from 2025, DWF Labs is officially appointed as one of the market makers for $KAS by Kaspa. We look forward to closely working with DWF Labs. Starting from 2025, @DWFLabs is officially appointed as one of the market makers for $KAS by @Kaspa_KEF. We appreciate our shared confidence in $KAS and look forward to closely working with them. — Kaspa Eco Foundation (KEF) (@Kaspa_KEF) January 16, 2025 Rumors of Binance going for Kaspa spot? Kaspa, which has performed astonishingly in the bear market, has been underwhelming in this bull market, leaving many investors disheartened. However, at the end of last month, a mining KOL (Red Panda Mining) with 236,000 followers on YouTube stated that there are rumors that Binance has been accumulating KAS tokens, waiting for the right market-making opportunity: There are rumors that Binance is accumulating Kaspa in large quantities, and thus market-making activities may reach an astonishing scale. Although this news has not been clearly substantiated, many netizens have deduced the speculation that Binance is hoarding spot KAS: Binance first launched KAS contracts (2023/11) to test the market potential of KAS, and then pushed for Kaspa mining again last August to accumulate KAS tokens; KAS, as one of the few fairly launched PoW projects in the current market, naturally cannot obtain sufficient market-making components through collaborations with projects, thus it is very likely that Binance, after verifying KAS's market potential, is still accumulating spot volume through mining pools and other means to promote KAS's launch. However, it should be reminded that Binance currently has no official announcement regarding the launch of KAS spot trading. This content is not financial advice, please proceed with caution. What is Kaspa? Like Bitcoin, Kaspa is a Layer1 blockchain that adopts a PoW (Proof of Work) consensus mechanism. However, unlike traditional chain-based blockchains like Bitcoin, Kaspa uses a BlockDAG structure, allowing blocks to be generated in parallel without needing to connect in a linear order, enhancing transaction speed and network throughput. Kaspa Tokenomics The maximum supply of Kaspa is 28.7 billion coins, and it must be mined within 186 months. Kaspa has adopted a deflationary monetary policy, where in the first six months after the mainnet launch, Kaspa will produce 500 KAS per second, issuing 1,314,900,000 KAS each month. In the seventh month, the monthly supply of KAS will decrease by 12%. Subsequent monthly issuance will be the previous month's KAS issuance * (1/2) ^ (1/12), thereby achieving the goal of a stable halving of total supply each year. Kaspa Coin Price Currently, KAS tokens are already listed on centralized exchanges such as Bybit, Bitget, and Kucoin, while Binance has listed contracts for this token. At the time of writing, KAS tokens are priced at $0.148, having risen 6.97% in the last 24 hours, with an annual increase of 33.9%, and a market capitalization of $3.853 billion. This announcement of collaboration with DWF is seen by the community as a positive signal for enhancing the liquidity of the KAS token. Whether the KAS token can achieve outstanding performance in the future still requires continuous attention. What is DWF Labs? DWF Labs was officially launched in September 2022 by the Web3 venture capital institution and market maker Digital Wave Finance. According to the information on DWF Labs' official website, they position themselves as "a global crypto asset market maker and multi-stage Web3 investment company," providing market making, OTC trading, and venture capital services. Their partners include over 40 top exchanges such as Binance, ByBit, KuCoin, OKX, Gate, Crypto.com, and Huobi, engaging in spot and derivatives market trading. Previously, during a sluggish bull market, DWF Labs was known for investing heavily and frequently in crypto projects. Notably, after the announcement of invested projects, the tokens often exhibit volatile price fluctuations, leading to mixed feelings among investors in the market. Further reading: DWF prints money! Earned $300,000 in 8 hours with SPELL, founder: market-making strategy is automatic.. Related reports AMA highlights) Kaspa will easily surge to $1, community meetings discuss technology rather than prices What is Kaspa? A summary of the PoW new star's operational features, KAS tokenomics, and mining tutorials Annual growth of 2000%, listed on Binance, revealing the mining coin "gold mining production line" "Kaspa appoints DWF Labs as market maker, is $KAS going to be on Binance spot?" This article was originally published on BlockTempo (the most influential blockchain news media).