⛏️ Protocol Economics — what KRC-20 pays Kaspa miners

Name: KRC-20 Protocol Economics & Mint ROI
Creator: Linkrra

Every KRC-20 operation pays a real protocol fee in KAS — a minimum of 1.0K KAS per token deploy and 1 KAS per mint (Kasplex protocol minimums). Those fees go to Kaspa miners as transaction fees: genuine, measurable fee demand for the network. This page aggregates the all-time total and asks the question nobody else answers — did minting actually pay off?

Generated 2026-10-21T10:45:19.771Z · KAS $0.03867365

132.07M KAStotal protocol fees, all-time$5.11M at today's price

144.44MKRC-20 operations everavg 0.914 KAS / op

2.2Ktokens deployed≈2.16M KAS in deploy fees

20.8×aggregate fair-mint ROImcap ÷ KAS spent minting

20.7%of fair-mints underwaterworth less than mint cost

💸 Top fee-generating tokens

Community mint fees paid per token (mints × 1 KAS protocol minimum — lower bound). The 200 marketplace-listed tokens scanned account for 42.3% of the all-time indexer fee total; the rest came from tokens that never reached the marketplace, transfers, and deploys. Share column = % of all-time protocol fees.

1 KDAO

15.00M KAS

2 NACHO

10.00M KAS

3 PHANT

2.00M KAS

4 PINTL

1.07M KAS

5 YORAN

1.00M KAS

6 KASPER

1.00M KAS

7 KONAN

1.00M KAS

8 KREX

1.00M KAS

9 PEPE

1.00M KAS

10 SILVER

1.00M KAS

11 KEIRO

1.00M KAS

12 KASIA

1.00M KAS

13 KNIGHT

1.00M KAS

14 SHIT

1.00M KAS

15 BAKA

1.00M KAS

16 KAPPY

1.00M KAS

17 GMESTP

1.00M KAS

18 NOCHA

1.00M KAS

19 STICK

1.00M KAS

20 KASBOT

807.2K KAS

📈 Fair-mint ROI — the winners

KAS-denominated, exact: current market cap (converted to KAS at today's price) ÷ total KAS the community spent minting (mints × 1 KAS + 1,000 KAS deploy). Only tokens with ≥100 community mints qualify — pre-mine-only tokens have no community mint cost, so ROI would be meaningless. ROI ≥ 1× means the token is worth more than what was paid to mint it.

#	Token	Mints	KAS spent	Mcap (KAS)	ROI	Holders
1	UNKASthin	1.1K	2.1K KAS	787.66M KAS	374010×	142
2	TRIPpre 17%	830	1.8K KAS	3.64M KAS	1990×	2.8K
3	KASBTC	10.0K	11.0K KAS	16.52M KAS	1501×	1.4K
4	UHOLDpre 99.9%	10.0K	11.0K KAS	13.50M KAS	1227×	3.0K
5	ROCKETthin	22.7K	23.7K KAS	10.98M KAS	463×	203
6	SLOW	21.0K	22.0K KAS	8.54M KAS	388×	21.5K
7	PPKASpre 95%	100.0K	101.0K KAS	25.61M KAS	254×	5.7K
8	KEKE	30.0K	31.0K KAS	6.94M KAS	224×	2.1K
9	SAYLORthin	21.0K	22.0K KAS	4.80M KAS	218×	97
10	JEETS	100	1.1K KAS	208.2K KAS	189×	1.1K
11	CASINOthin	10.0K	11.0K KAS	1.92M KAS	175×	444
12	HUMPY	10.0K	11.0K KAS	1.32M KAS	120×	1.2K
13	FUND	2.1K	3.1K KAS	326.5K KAS	105×	2.7K
14	KELONXthin	10.0K	11.0K KAS	1.04M KAS	94.3×	128
15	WALLETpre 1%thin	990	2.0K KAS	173.7K KAS	87.3×	77

📉 Fair-mint ROI — underwater

Tokens currently worth less than the KAS their community spent minting them. The mint fees are gone to miners either way — this is the sunk cost of the KRC-20 casino, ranked from worst.

#	Token	Mints	KAS spent	Mcap (KAS)	ROI	Holders
1	HARRISthin	100.0K	101.0K KAS	7.6K KAS	0.07×	412
2	SHIT	1.00M	1.00M KAS	80.3K KAS	0.08×	2.0K
3	KASREG	500.0K	501.0K KAS	42.8K KAS	0.09×	892
4	YORANpre 42.7%	1.00M	1.00M KAS	86.6K KAS	0.09×	1.2K
5	KDAO	15.00M	15.00M KAS	2.44M KAS	0.16×	8.5K
6	FOMOON	500.0K	501.0K KAS	83.2K KAS	0.17×	2.2K
7	KASHIN	700.1K	701.1K KAS	190.2K KAS	0.27×	1.0K
8	NOCHA	1.00M	1.00M KAS	271.4K KAS	0.27×	1.5K
9	BENJYthin	21.0K	22.0K KAS	8.1K KAS	0.37×	89
10	KASBOTpre 50%	807.2K	808.2K KAS	393.2K KAS	0.49×	2.3K
11	SANTApre 0.8%thin	49.6K	50.6K KAS	27.4K KAS	0.54×	402
12	SUTTONthin	28.7K	29.7K KAS	17.2K KAS	0.58×	157
13	KASPAWthin	100.0K	101.0K KAS	60.4K KAS	0.60×	312
14	BULLETthin	100.0K	101.0K KAS	62.4K KAS	0.62×	296
15	GMESTPpre 5%	1.00M	1.00M KAS	624.0K KAS	0.62×	3.5K

Ecosystem verdict: across 116 fair-mint tokens with live markets, communities spent 55.05M KAS minting; those tokens are worth 1.14B KAS today — an aggregate ROI of 20.8×. Median token ROI is 8.47×, and 20.7% of fair-mints are underwater. Aggregate winners are driven by a few outliers — the median tells the honest story.

Methodology & honesty notes

All-time fee total comes directly from the Kasplex indexer (/v1/info feeTotal) — actual aggregated fees across every KRC-20 operation ever, reported in sompi and converted to KAS. It is authoritative, not estimated.
Per-token mint fees use the protocol minimum of 1 KAS per mint × the exact mint count reported by kaspa.com — a lower-bound estimate (users can pay above the minimum).
ROI is KAS-denominated: market cap ÷ today's KAS price vs KAS spent. No historical USD prices are assumed anywhere.
Fees go to miners as transaction fees via the Kasplex commit-reveal scheme — they are not burned and not paid to Kasplex.
Scope: per-token analysis covers the top 200 marketplace-listed tokens; the all-time total covers everything. Sources: api.kasplex.org, api.kaspa.com, api.kaspa.org. Data refreshes every ~2 minutes. Not financial advice.