A Year in Review: Kaia’s 2024 and Goals for 2025

The following is a part of a regular Foundation communique in which Sam shares his thoughts with other Foundation members. The content of the original communique has been repurposed for sharing with the community. We as an organization chose to do this to provide the broader Kaia community with insights and visibility into how the Kaia works as an organization.

Hello Kaians,

The dawn of 2025 is already upon us. As we bid farewell to the wild ride that was 2024, I wanted to take this opportunity to reflect on the past year and share some thoughts as we move forward into the new year.

Reflecting on 2024

1. Project Dragon and Kaia

2024 was defined by the chain integration that led to Kaia’s creation. Initiated through Project Dragon, this integration brought immense hope and challenges for Kaia and its members. While the process was complex, time-consuming, and demanding, it stands as one of our greatest achievements this year. I believe this milestone has left a significant mark not only in Asia but across the global blockchain industry.

Beyond integrating two chains, we also unified ecosystems and organizations. This process elevated Kaia both technically and in governance while creating a more developer- and user-friendly environment by integrating powerful infrastructure such as Pyth, FlipsideCrypto, Dune, The Graph, Stargate.

2. DeFi Revitalization

Blockchain’s success hinges on how much digital assets grow and are utilized within its ecosystem. DeFi plays a critical role in this regard. However, both Klaytn and Finschia struggled to achieve substantial growth in DeFi due to limited diversification of participants and insufficient assets for utilization.

To address this, we launched the Dragon DeFi Initiative (D2I). By onboarding diverse DEXs like Dragonswap, Capybara, and Kaiaswap alongside lending protocols like Avalon, we have fostered competition and coexistence among DEXs while driving TVL (Total Value Locked) growth. Additionally, the foundation developed and operated Kaia Portal to activate various DeFi protocols, significantly contributing to TVL growth. These efforts laid a solid foundation for further activation of DeFi in 2025.

3. Kaia Wave

Kaia Wave emerged as a key initiative in collaboration with LINE NEXT during the latter half of 2024, and will remain a core focus through 2025. By providing a Mini Dapp environment within LINE Messenger, we aim to foster the growth of a Mini Dapp ecosystem that will increase users and assets on Kaia while driving revenue growth for the chain.

Over 700 projects have applied to participate in Kaia Wave so far. Following a rigorous selection process, many projects are set to launch in late January and in Q1 of 2025. We are excited to bring to life one of Asia’s first consumer-focused Web3 ecosystems.

Looking Ahead to 2025

2025 will be a pivotal year for Kaia’s growth, centered around Kaia Wave. Our focus will be on supporting Mini Dapp builders to bring engaging, fun, and useful Web3 games and services to LINE Messenger users across Asia.

Here’s a glimpse of what you can look forward to in 2025:

• An expansion of Kaia Wave, riding on the success of the inaugural batch of Mini Dapps.
• Kaia Portal will continue to play an important role in connecting users and Dapps.
• Exciting new developments and initiatives brought about by Consensus Liquidity and the Kaia Community Committee, which were both launched in late 2024.
• Expect an expansion of the Galactica RWA initiative, beginning with the launch of its tokenized product in early 2025.
• On the technical front, we aim to continue enhancing scalability, interoperability with other chains, and explore modular client structures.

We’re cooking up a few more surprises, but I’ll leave that for another time.

Thank you for taking the time to read this letter. Let’s continue working together toward an incredible 2025! Wishing you all a Happy New Year!

Keep calm and Kaia on,

Sam Seo, Chairman of Kaia DLT Foundation