Read this article on bsc.news Developer @crono_walker has launched the testnet for KOB, a decentralized order book that runs directly on the Kaspa $KAS layer 1. The project lets traders buy a
Developer @crono_walker has launched the testnet for KOB, a decentralized order book that runs directly on the Kaspa $KAS layer 1. The project lets traders buy and sell Kaspa tokens at prices they set, without a central server holding their keys or orders. Anyone can run the software that fills the trades.
KOB, short for Kaspa Order Book, is described in its public code repository as a permissionless spot limit order book for KCC-20 tokens (and, through adapters, KRON tokens) on Kaspa layer 1. The repository also states that the only network the project runs on is testnet-10.
Limit orders let a trader specify the price at which they are willing to buy or sell, rather than accepting a pool-determined price. That model is common on centralized exchanges but has been harder to deliver on-chain without a trusted operator. KOB's design relies on the programmability added to Kaspa this year. According to CoinMarketCap's Kaspa update page, the Toccata hard fork activated on 30 June 2026 enabled native covenants and zero-knowledge proofs on the mainnet. The same page notes that KCC-20 sets rules for fungible tokens, similar to Ethereum's ERC-20 but native to Kaspa's Layer 1.
The Kaspa community FAQ adds that Kaspa covenants express asset logic directly on Kaspa L1 without an external execution environment. KOB is not the only project working in this area. KaspaCom has also opened a public testnet for a decentralized KCC20 order book, according to Kaspa News.
Ahead of the launch, @KasperoLabs sent 23,874 hostile transactions at KOB's contracts and found no bug. The report stresses that the exercise is not an audit, so it should not be read as a security guarantee.
KOB has now entered open review. The specification is not final, and test tokens have no value. Users should treat the testnet as a developer preview rather than a live trading venue.
The launch comes as Kaspa positions itself as more than a payments network. Independent analysis of the network cautions that Kaspa L1 is not an EVM, and live capability is not a mature DeFi ecosystem. A working on-chain order book would be one early test of whether the base layer can support more advanced trading applications.
KOB: Kaspa Order Book repository on GitHubLatest Kaspa (KAS) updates, CoinMarketCapKaspaCom Opens KCC20 Trading Interface To AI Agents, Kaspa News
