Layer-1 Blockchain Kava Token Rises 40% Ahead of Mainnet Upgrade

Layer-1 blockchain Kava’s native token, KAVA, has surged nearly 40% over the past week as its network prepares to undergo a major mainnet upgrade. The “Kava 13” upgrade will speed up transactions on the network and offer greater security when it goes live on May 17. The network will also launch a new bridge that facilitates the transfer of assets from Cosmos to protocols across Kava. KAVA previously rallied roughly 10% last Wednesday after token holders suggested terminating the project’s several grants and rewards programs by the year’s end.