KAVA, the cryptocurrency powering Kava blockchain, has seen an impressive 31% price gains in the last 7 days serving as a potential recovery for the coin that has dropped over 29% in the previous 3 weeks, prior to this jump. This increase can be attributed to the announcement of Kava 13 mainnet upgrade, which is set to go live on 17th May, 2023 (15:00 UTC). The network upgrade aims to bring improvements in scalability, security and its overall functionality, enabling developers to quickly scale their protocols and improve user experience. The latest proposal submitted, Proposal 141, aims to permanently end all emissions including POS rewards, Rise rewards and grants by the end of the year. This will be followed by the creation of two foundation, who will receive the majority of the emissions, to maintain the decentralization and permissionless of the blockchain.
Mary King
- 2023-05-14
Kava 13 Mainnet Upgrade to Bring Price Gains
KAVA, the cryptocurrency powering Kava blockchain, has seen an impressive 31% price gains in the last 7 days. This increase can be attributed to the announcement of Kava 13 mainnet upgrade, which is set to go live on 17th May, 2023 (15:00 UTC). The upgrade aims at bringing improvements in scalability, security and its overall functionality.
![CandleFocus Kava-KAVA-Cryptocurrency-Mainnet-NetworkUpgrade](https://images.candlefocus.com/Kava-13-Mainnet-Upgrade-to-Bring-Price-Gains.jpg)