Gate has integrated Kasplex Layer 2 on Kaspa, opening a direct bridge for users to move around $KAS to an EVM-compatible DeFi environment.
Gate has officially integrated the Kasplex Layer 2 network, allowing users to move Kaspa’s native token $KAS between the Kaspa Layer 1 chain and Kasplex L2 directly via the control panel. According to Gate, customers can now “switch”. $KAS from Kaspa L1 to the Kasplex L2 wallet,” a move that the platform says will “significantly” reduce barriers to entry while “improving asset circulation and on-chain interaction” for $KAS holders.
Kasplex is a Layer 2 solution built on top of Kaspa’s BlockDAG-based Layer 1 and is designed to add Ethereum-style smart contract functionality to a network that, like Bitcoin, uses a UTXO model and does not have a native contract layer. In its technical documentation, Kasplex describes itself as “a lightweight rollup solution based on Kaspa,” embedding EVM bytecode into Kaspa L1 transactions and running them off-chain to update Layer 2 state while using Kaspa for ordering and data availability.
In posts on X, the Kasplex team has emphasized that the network uses bridged $KAS as its sole gas token, rather than introducing a separate L2 asset, to “maintain economic alignment and preserve value within the Kaspa ecosystem.” The project provides a two-way bridge for movement $KAS between L1 and L2 and says that deploying smart contracts is “as simple as redirecting RPC endpoints,” with the aim of making it easy for developers familiar with EVM tooling to launch applications on Kasplex.
Kasplex’s architecture is intended as a way to unlock DeFi, NFTs, and other dApps on Kaspa by combining BlockDAG’s high-throughput base-chain design with EVM-compatible execution. Kasplex notes that by using Kaspa L1 for canonical transaction orders and data, the Rollup-like design can support automated market makers, credit and lending markets, stablecoins and other composable protocols that “cannot be achieved on the primary chain alone.”
Kaspa itself has become one of the more actively traded mid-cap layer-1 tokens, with a live price of around $0.0345, a 24-hour trading range between around $0.0340 and $0.0353, and a recent 24-hour volume of almost $26.4 million. According to CoinMarketCap data, Kaspa’s all-time high stands at $0.2075 $KAS Currently trading more than 80% below its peak, one gap backer hopes additional L2 utilities can help narrow over time.
Kaspa community posts have described Kasplex as “a huge milestone in the lead-up to the impending mainnet,” highlighting growing momentum around node decentralization, liquidity pools and wallet integrations, including tutorials on bridging $KAS and adding the L2 network to Kasware and MetaMask. By wiring Kasplex directly into the dump and capture rails, Gate is betting that a smoother path to L2 will translate into more $KAS the move to smart contracts and more activity in Kaspa’s growing DeFi stack.