- Scheduled on 17th May 2023
- KAVA has surged nearly 40% over the past week as its network prepares to undergo a major mainnet upgrade
Understanding the new upgrade and how does it impact KAVA?
- New upgrade will enable transaction speed, platform security and performance for the blockchain
- Kava EVM 2.0 is coming to support new protocols by eliminating downtime by processing large amounts of data
- A new bridge to be launched that facilitates the transfer of assets from Cosmos to protocols across Kava. This reduces the number of clicks, waiting, and uncertainty of relying on third-party middle-chain bridges
Analyst take
- It has seen tremendous growth in the first quarter of 2023. To meet the growing demand, the Kava 13 is a major upgrade that will help developers scale and accelerate their protocols, and optimize the user experience
Note: This is not an investment advice and we highly recommend that you do your own research
Source: Kava
