Keeta Network: The Potential and Challenges of Emerging Layer-1 Projects

The crypto market is not short of legends of "dragon slayers", and the recently emerging Keeta Network has undoubtedly become a hot topic in the new round of challenges to the "impossible triangle" of the payment field. With eye-catching features such as "millions of TPS" and "built-in compliance", as well as its token KTA experiencing a maximum increase of 8 times since May this year, Keeta has quickly attracted market attention and investor favor.

However, beneath this dazzling halo, can Keeta really become a disruptive unicorn, or is it merely another carefully crafted bubble? Let's delve into this question.

Millions of TPS: Technological Breakthrough or Marketing Hype?

Keeta Network positions itself as a revolutionary Layer-1 solution aimed at integrating global payment networks and facilitating the efficient circulation of physical assets. Its core technological goals include achieving transaction processing speeds of up to 10 million TPS, a transaction finality time of 400 milliseconds, extremely low transaction fees (reportedly just a few cents), and native support for multi-token, scalable permission systems, atomic swaps, and a digital identity and KYC/AML compliance framework implemented through X.509 certificates. Early information even mentioned a higher target of 50 million TPS.

To understand the significance of this number, we can compare it with traditional payment giants. For example, a well-known payment platform has a transaction processing capacity of about 544,000 transactions per second during peak times, while an international payment network has an average processing volume of several thousand transactions per second, peaking at tens of thousands. The claimed 10 million TPS by Keeta not only far exceeds these centralized payment systems but also greatly surpasses the existing mainstream public chains (such as a certain high-performance public chain claiming about 65,000 TPS).

Such a huge gap inevitably raises doubts about the authenticity and feasibility of Keeta's technical indicators. Is this merely the theoretical upper limit of the underlying raw throughput capacity of blockchain, or the actual application-layer processing capacity validated by the market?

From a technical perspective, the Keeta white paper describes its adoption of a mixed architecture that combines the dPoS consensus mechanism with a "virtual directed acyclic graph" (virtual DAG). The dPoS mechanism has been widely used in several well-known public chains, with its advantage being high efficiency, but the potential risk is that it may lead to a certain degree of centralization due to the limited number of block producers. The DAG structure, which has been attempted by certain innovative projects, theoretically possesses the potential for high concurrent processing and solving the linear confirmation bottleneck of traditional blockchains. Academic research generally believes that DAG-based consensus algorithms have higher throughput potential, but they also face challenges such as large computational overhead, complex confirmation rules, and specific attack vulnerabilities.

Keeta claims that its "virtual DAG" is an innovative design, but how it specifically overcomes the aforementioned challenges and achieves millions of TPS is mainly provided in the white paper and existing technical documents as design concepts and goals, lacking more implementation details and results.

This technical route theoretically has the potential to achieve what is known as millions of TPS. However, it still seems difficult to completely break the limitations of the "impossible triangle," meaning that at extremely high efficiency, security and decentralization may require some degree of compromise. The test results published in the Keeta white paper show that the maximum tested TPS reached 13 million, but only 5 nodes participated in the test. Whether the results obtained in such an environment have practical reference value still remains highly questionable.

Overall, Keeta's technical promotion is very appealing, but it currently resembles a sophisticated "black box". Before the core data is validated, the code undergoes strict scrutiny, and the governance model is clarified, the market enthusiasm may stem more from a gamble on its "potential" rather than a confirmation of its strength.

Capital and Operations Behind Market Popularity

Currently, the Keeta testnet is live. From the operating status of the testnet, the current TPS is maintained at below 5000. The number of transactions displayed has exceeded 890 million, but there is a lack of detailed information regarding the sources of these test data and the current number of testnet nodes.

So, why can a project with such unclear key data attract such high market attention in a short period, especially with its token KTA experiencing a surge in May 2025?

The most direct and widely cited reason is undoubtedly the investment and endorsement from the former CEO of a well-known tech company. In 2023, this former CEO and a venture capital firm led a seed round financing of up to $17 million for Keeta and served as a project advisor. Moreover, the CEO of Keeta was also a partner at that venture capital firm. This background has rapidly enhanced Keeta's visibility and market credibility. Until recently, it was only through the multiple attractions of "millions of TPS + endorsement from well-known investors + a quiet TGE" that Keeta began to attract widespread market attention.

In March 2025, Keeta's governance token quietly launched on a certain Layer 2 chain without any prior announcement. Initially, the community thought this was another incident of the project team's official media being hacked. However, the subsequent official response confirmed that this was indeed an officially launched token. Its founder stated that this launch method was chosen because they had not considered marketing. In reality, this method of launching similar to MEME coins sparked discussions in the market.

Starting from May 6, the KTA token began to experience a significant surge, rising from a low of 0.1 to a high of 0.83 USD, with an increase of more than 8 times at its peak. However, discussions on social media regarding the reasons for KTA's rise seem to lack a clear source, more so driven by price discussions triggered by the market's explosive growth and vague expectations for the future.

Concerns Behind the Potential

The long-term value of a project ultimately returns to its fundamentals. Keeta's team configuration exhibits typical elite characteristics. The CEO has relevant entrepreneurial experience, while the CTO comes from a well-known cloud service provider and a certain cryptocurrency foundation, reportedly leaving the latter due to ideological differences.

However, when examining its community ecosystem and market transparency, Keeta's performance appears somewhat complex. Official social media channels have been established, but compared to its market popularity, the activity level of the community and developer participation does not seem to fully align. As of May 20, Keeta's official social media followers numbered around 12,000. Additionally, in the official announcements, much of the content is focused on the articulation of technical goals, while information about other partner organizations is relatively scarce.

In addition, the KTA token is currently listed mainly on several major decentralized exchanges and has not yet entered other mainstream exchanges. Of course, potential listing opportunities may also be a factor driving the price of the KTA token up.

Regarding token economics, according to official information, 50% is allocated to the community, with 80% unlocked at the TGE stage. The remaining portion will be unlocked over 48 months. However, before the TGE, the specific controlling party for this portion of tokens is still unclear due to the lack of a defined community incentive plan and standards. As of May 20, KTA has 72,000 holders, and many large addresses obtained their tokens through smart contract allocation rather than trading, but the specific basis for this allocation remains unknown.

Comprehensive assessment shows that Keeta possesses certain elements to become a "potential stock" in terms of capital background, technical narrative, and team experience. However, it still has significant shortcomings and uncertainties in several aspects, including information transparency, core technology validation, community ecosystem development, and long-term risk control. If these "hidden concerns" cannot be effectively addressed, even the most brilliant halo may just be fleeting.

Conclusion

Keeta currently presents a complex situation of both potential and risk. It could either be a dark horse that disrupts the industry or fall back into mediocrity due to its inability to deliver on promises or effectively break through in the fierce competition of public chains. Investors and market observers need to be aware of the opportunities it brings, while also being clear about the risks it harbors and the many unanswered questions that remain. Keeta's future depends on whether it can steadily turn its technological goals into reality; this path to value realization is destined to be long and arduous.