Keeta Network: Is it the next Blockchain payment star or just a hype bubble?

In the world of cryptocurrency, there are always new players challenging the limits of the industry. Keeta Network is the latest competitor attempting to solve the "impossible triangle" in the payment sector. With a performance promise of "millions of TPS," a "built-in compliance" solution, and a recent astonishing surge of up to 8 times for the token KTA, Keeta has quickly become the market focus.

However, beyond the glamorous investment backdrop, is this project truly a breakthrough innovation or just another meticulously packaged concept hype?

Millions of TPS: Technological Breakthrough or Marketing Gimmick?

Keeta Network positions itself as a revolutionary Layer-1 solution, claiming to unify global payment networks and promote the digitization of physical assets. Its core technological goals include achieving processing capabilities of up to 10 million TPS, transaction confirmations in 400 milliseconds, extremely low transaction fees (only a few cents), while natively supporting multiple tokens, an extensible permission system, atomic swaps, and a digital identity and KYC/AML compliance framework implemented through X.509 certificates. Early materials even mentioned a higher benchmark of 50 million TPS.

To understand the significance of these numbers, we need to make some comparisons: Alipay's processing capability during the "Double Eleven" peak period is about 544,000 transactions per second, Visa's global network averages several thousand transactions per second, with peaks reaching tens of thousands. Keeta claims a throughput of 10 million TPS, which not only far exceeds these centralized payment giants but also significantly surpasses mainstream public chains like Solana (which is about 65,000 TPS).

This enormous magnitude difference naturally raises questions about the authenticity of its technical indicators. Is this a theoretical limit or a capability that has been practically verified?

From a technical perspective, Keeta adopts a hybrid architecture of dPoS consensus mechanism and "virtual Directed Acyclic Graph" (DAG). The dPoS mechanism has been applied in public chains such as EOS and Tron, with the advantage of high efficiency, but it may face centralization risks due to the limited number of block producers. The DAG structure has been used in projects like IOTA and Nano, and theoretically supports high concurrent processing, but also faces challenges such as high computational overhead, complex confirmations, and vulnerabilities to specific attacks.

Keeta claims that its "virtual DAG" is an innovative design, but the white paper and technical documents mainly provide design concepts without explaining in detail how to overcome the limitations of traditional DAG architecture and achieve tens of millions of TPS.

In theory, this technical route may achieve high TPS, but it seems difficult to avoid making compromises in the "efficiency-security-decentralization" triangle. The test results mentioned in the Keeta white paper show a maximum TPS of 13 million, but the tests only involved 5 nodes. There are still significant doubts about whether the data obtained in such a small controlled environment has practical reference value.

In summary, Keeta's technological promotion is very attractive, but it currently resembles a sophisticated "black box". Before the core data is verified, the code undergoes rigorous scrutiny, and the governance model is clarified, market enthusiasm may stem more from a bet on "potential" rather than a confirmation of strength.

Operations and Capital Behind Market Popularity

Currently, the Keeta testnet is live. By checking its testnet browser, it can be observed that the current TPS is generally maintained below 5000. Although the displayed number of transactions has exceeded 890 million, there is no further information indicating the source of this test data or the number of nodes operating on the testnet.

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

The most direct driving factor is undoubtedly the investment endorsement from the former Google CEO. In 2023, the well-known investment firm Steel Perlot led a seed round financing of up to $17 million for Keeta, and Keeta's CEO Ty Schenk was a partner at Steel Perlot. This high-profile background has rapidly enhanced Keeta's visibility and market credibility. Until recently, Keeta truly ignited market attention through a combination of "tens of millions of TPS + well-known investments + sudden launch".

In March 2025, Keeta's governance token was launched on the Base chain without any warning. Initially, the community thought it was a theft incident involving official media, but the officials later confirmed that it was indeed a formal launch. The founder stated that the reason for adopting this approach was that they hadn't considered marketing. However, this meme coin-like launch strategy sparked even more discussion—when investors discover a VC project with a strong background among countless short-term meme coins, they tend to be even more curious.

Starting from May 6th, the KTA token began to surge significantly, rising from a low of $0.1 to a high of $0.83, with a maximum increase of over 8 times. However, there is no clear explanation on social media regarding the reason for this surge, which is instead filled with price discussions and vague future outlooks.

Hidden Concerns Beneath the Potential

The long-term value of the project ultimately needs to return to fundamentals. Keeta has an elite team, with CEO Ty Schenk having entrepreneurial experience and CTO Roy Keene having previously worked at AWS and the Nano Foundation. Reportedly, Roy Keene left Nano due to differences in ideology.

However, from the perspective of community ecology and market transparency, Keeta's performance is complex. Although the official social media has been established, the community's activity level and developer participation seem insufficiently matched compared to its market popularity. As of May 20, the official Keeta social media has approximately 12,000 followers. The content released by the official channels is mostly about technical goals, while information about partner institutions is relatively scarce.

In addition, the KTA token is currently mainly traded on several mainstream decentralized exchanges and has not yet entered more mainstream exchanges. Of course, the potential listing opportunities may also be one of the factors driving the rise of KTA.

Regarding the token economic model, official information shows that the community allocation ratio is 50%, the initial vesting is 80%, and the remaining part will be released linearly within 48 months. However, due to the lack of community incentive plans and standards before TGE, the actual controller of these tokens is still unknown. As of May 20, KTA has 72,000 holders, and many large addresses have tokens allocated through smart contracts rather than transactions, but the basis for this allocation is still unclear.

Overall assessment indicates that Keeta does possess certain elements to become a "potential stock" in terms of investment background, technological vision, and team experience. However, there are still significant shortcomings and uncertainties in several areas, including information transparency, core technology validation, community building, and long-term risk management. If these issues are not resolved, no matter how impressive the background is, it may only be a temporary market highlight.

Keeta currently presents a complex pattern of both potential and risk. It could either become a dark horse that disrupts the industry or be forgotten by the market due to failure to deliver on promises or losing advantages in intense public chain competition. While investors focus on opportunities, they need to rationally consider the risks and unresolved mysteries behind it. Whether Keeta can turn its grand blueprint into reality remains a long and challenging path.