KDA (Kadena) rose 18.98% in 24 hours.

Gate News Bot news, on October 30, according to CoinMarketCap data, KDA (Kadena) is currently priced at 0.05 USD, with a pump of 18.98% in the last 24 hours, reaching a high of 0.08 USD and a low of 0.04 USD. The current market capitalization is approximately 16.5 million USD, an increase of 2.64 million USD compared to yesterday.

Kadena is a blockchain platform focused on providing solutions for enterprises. It adopts a scalable multi-chain architecture that supports high throughput and low-cost transactions. Kadena's core technologies include Chainweb (a scalable proof-of-work blockchain) and Pact (a human-readable smart contract language). The platform is dedicated to providing compliant, scalable, and secure blockchain applications for various institutions, such as asset tokenization, stablecoins, physical asset tokenization, and lending. Kadena also offers developers a wealth of tools and resources, including development documentation, educational courses, and funding programs.

Important recent news about KDA:

1️⃣ Gate will terminate KDA derivatives trading Gate announced that it will terminate derivatives trading for Kadena KDA on October 31, 2025, at 16:00 ( UTC+8. Starting from 16:00 on October 30, 2025, the platform will close new leveraged borrowing and mortgage lending services for KDA. The KDA_USDT contract trading will switch to a reduction-only mode at 15:30 on October 31, 2025, UTC+8, and will be automatically settled at the average index price of the half hour before the stop at 16:00 ) UTC+8.

2️⃣ KDA spot trading is not affected Despite the termination of derivatives trading, Gate has made it clear that this adjustment will not affect the spot trading business of KDA. Users can still continue to conduct KDA spot trading on the Gate platform.

3️⃣ Market liquidity may be affected With Gate terminating KDA derivative trading, market liquidity may be affected to some extent. Investors need to closely monitor the potential impact of this change on KDA price and trading volume.

From a technical perspective, the KDA price has seen a significant rise of 18.98% in the past 24 hours. However, considering the upcoming trading restrictions, the market may experience volatility. Investors should closely monitor the price trends and trading volume changes in the coming days.

This message is not an investment advice; investors should be aware of market volatility risks.