New L1 Public Chain Keeta: Huge Potential or Concept Speculation?

Recently, a new Layer-1 public chain project called Keeta Network has attracted widespread attention in the cryptocurrency market. This project claims to achieve "tens of millions of TPS" and "built-in compliance." Its token KTA has surged by up to 8 times since May this year, quickly becoming a market hotspot.

Keeta Network claims to be a revolutionary Layer-1 solution aimed at unifying 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, and native integration of multi-token support, scalable permission systems, atomic swaps, and a digital identity and KYC/AML compliance framework implemented through X.509 certificates.

However, such high-performance indicators inevitably raise questions about their feasibility. In contrast, Alipay's transaction processing capacity during peak periods such as "Double Eleven" is about 544,000 transactions per second, while Visa's global network averages several thousand transactions per second, peaking at tens of thousands. The 10 million TPS claimed by Keeta not only far exceeds these centralized payment giants but also significantly outpaces existing mainstream public chains.

From a technical perspective, Keeta adopts a hybrid architecture of dPoS consensus mechanism and "virtual directed acyclic graph" (virtual DAG). The dPoS mechanism has been widely used in public chains such as EOS and Tron, with its advantages being high efficiency, but it may lead to a certain degree of centralization due to the limited number of block producers. The DAG structure theoretically has the potential for high concurrent processing and solving the linear confirmation bottleneck of traditional blockchains, but it also faces challenges such as high 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 only provided in the existing technical documentation in terms of design concepts and goals, lacking more implementation details and results. The test results published in the white paper show that the maximum tested TPS reached 13 million, but there were only 5 nodes participating in the test, raising significant doubts about the reference value of the results obtained in such an environment.

Currently, Keeta's testnet is online. From the operation status of the testnet, the current TPS remains below 5000. The number of displayed transactions has exceeded 890 million, but there is a lack of detailed information about the source of these test data and the current number of testnet nodes.

Keeta's ability to attract such high market attention in a short period is largely due to the investment and endorsement from former Google CEO Eric Schmidt. In 2023, Eric Schmidt and the venture capital firm Steel Perlot led a seed round financing of up to $17 million for Keeta and served as a project advisor. Additionally, Keeta's CEO Ty Schenk was also a partner at Steel Perlot.

In March 2025, Keeta's governance token quietly launched on the Base chain without any prior information being disclosed. This method of launching a token similar to MEME coins sparked discussions in the market. Starting from May 6, the KTA token began to surge significantly, rising from a low of $0.1 to a high of $0.83, with an increase of over 8 times at its peak.

The team configuration of Keeta is quite impressive. CEO Ty Schenk has entrepreneurial experience with BrainBlocks, while CTO Roy Keene comes from AWS and the Nano Foundation. However, when examining its community ecosystem and market transparency, Keeta's performance appears somewhat complex. Although official social media channels have been established, the community's activity level and developer participation seem not to fully match its market popularity.

Regarding token economics, according to official information, the portion allocated to the community is 50%, with 80% unlocked during the TGE phase. The remaining will be unlocked over 48 months. However, before the TGE, the community incentive plan and standards were not clearly defined, so the specific controlling party for this portion of tokens is still unknown. As of May 20, there are 72,000 KTA holders, and many large addresses obtained their tokens through smart contract allocation rather than trading, but the specific reasons for acquiring these tokens remain unclear.

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

Keeta currently presents a complex situation of both potential and risk. It could be a dark horse that disrupts the industry, or it may fall into mediocrity if it fails to deliver on its promises or cannot effectively break through in the fierce competition of public chains. Investors and market observers should be aware of the opportunities it presents, while also being clear about the risks hidden behind it and the many questions that remain unanswered. The future of Keeta depends on its ability to steadily translate its technological goals into reality; this path to value realization is destined to be long and challenging.