Keeta Network: The Potential and Controversies of an Emerging L1 Project

In the cryptocurrency market, there are always new projects attempting to challenge the "impossible triangle" of the payment sector. Recently, the Keeta Network has garnered significant attention as one of them. This project quickly attracted market attention with its promotions of "millions of TPS" and "built-in compliance," as well as the significant increase in its token KTA since May.

The Gap Between Technical Aspirations and Reality

Keeta Network is positioned as a revolutionary Layer-1 solution aimed at unifying global payment networks and facilitating the efficient circulation of physical assets. Its core technical goals include processing 10 million transactions per second ( TPS ), a transaction confirmation time of 400 milliseconds, extremely low transaction fees, and features such as native multi-token support and a scalable permission system.

However, the grand goal of 10 million TPS has raised numerous doubts. In contrast, Alipay's processing capacity during peak periods is about 544,000 transactions per second, while Visa's global network averages a few thousand transactions per second. The processing capacity claimed by Keeta not only far exceeds that of these centralized payment giants, but also significantly outpaces existing mainstream public chains.

From a technical perspective, Keeta adopts a hybrid architecture of the dPoS consensus mechanism and "virtual directed acyclic graph" (virtual DAG). Although this technical route may theoretically achieve high TPS, it may require compromises in security and decentralization. The test results published in the Keeta white paper show that the maximum TPS reached 13 million, but only 5 nodes participated in the test, raising doubts about the reliability of the results in this environment.

Market Heat and Capital Background

Despite key data being unclear, Keeta has still garnered significant attention in the short term. One important reason is the investment and endorsement from former Google CEO Eric Schmidt. In 2023, Eric Schmidt and venture capital firm Steel Perlot led a $17 million seed round financing for Keeta, and Schmidt also serves as a project advisor.

In March 2025, Keeta's governance token quietly launched on the Base chain, and this listing method similar to MEME coins sparked market discussions. Starting from May 6, the price of the KTA token surged significantly, with a maximum increase exceeding 8 times.

Potential Risks and Uncertainties

The background of Keeta's team is quite impressive. CEO Ty Schenk has entrepreneurial experience, and CTO Roy Keene has worked at AWS and the Nano Foundation. However, the community ecosystem and market transparency of the project present a complex situation. Although official social media accounts have been established, the level of activity and developer participation seems to be mismatched with its market popularity.

Regarding token economics, official information shows that 50% is allocated to the community, with 80% unlocked at the TGE stage, and the remaining will be unlocked over 48 months. However, there was no clear community incentive plan and standards before the TGE, and the specific controlling party of the tokens is still unclear.

Conclusion

Keeta shows a situation of both potential and risk. It could become a dark horse that disrupts the industry, or it might fall into mediocrity due to failure to deliver on promises or losing out in intense competition. Investors and market observers need to be aware of the potential risks and unanswered questions while focusing on its opportunities. The future of Keeta depends on whether it can steadily transform its technological goals into reality, and this path to value realization remains a long and challenging one.