XRP News Today: Kaanch Network Raises $1.3 Million in Presale, Doubling Price to $0.64 in Next Stage

XRP has been a focal point in the cryptocurrency world, with its regulatory victories and expansion into international payments. Each development involving XRP reignites a broader discussion within the crypto community about the role of new Layer 1 chains. The question is not about replacing established networks like Ethereum and XRP, but about addressing the limitations these networks have.

XRP has made significant strides, particularly in tokenized real-world asset integrations and growing traction in Asia, positioning itself for use in institutional finance. However, XRP has inherent limitations, including a centralized validator model, limited dApp support, minimal on-chain governance tools, and a design that is not suited for permissionless apps. These limitations create opportunities for newer Layer 1 chains to offer tools that XRP was not designed to support.

Ethereum remains the dominant platform for smart contracts, while Solana is known for its speed and low fees. However, both chains have their own set of challenges. Ethereum suffers from latency and high gas costs, while Solana faces questions about uptime and validator centralization. Neither chain offers native identity or streamlined cross-chain deployment, leaving gaps that new Layer 1 projects are stepping in to fill.

One of the most promising new entrants is Kaanch Network, a Layer 1 blockchain currently in Stage 6 of its presale. Kaanch has raised over $1.3 million so far, with the current token price at $0.32. The next stage is set to launch at $0.64, providing early buyers with a narrow window to enter before the price doubles. Kaanch is not just promising features; it has already delivered core infrastructure, including 1.4 million transactions per second, finality in 0.8 seconds, a validator network with 3,600 nodes, and interoperability with Ethereum, Solana, and BNB. Additionally, Kaanch offers .knch domains for native on-chain identity and a fixed supply of 58 million $KNCH tokens, with staking live now offering up to 30% APY during the presale.

These features position Kaanch to support identity, governance, and asset issuance on-chain, tools that older networks still lack or deliver through third parties. To compete in a market still dominated by ETH and XRP, new chains must offer something functionally different. They need fast, confirmed transactions, clear staking mechanics, developer flexibility, a capped token supply, and use cases beyond trading. Kaanch is checking these boxes early and doing it in public, while still in presale.

XRP’s institutional push and Ethereum’s Layer 2 expansion continue to define the current cycle. However, the next generation of chains will focus on where those leaders fall short. Kaanch Network is not trying to replace XRP or Ethereum; it is solving for what they don’t handle natively—speed, identity, and infrastructure that supports real-world applications. With Stage 6 now live at $0.32, and the next price point set to double, $KNCH remains one of the best crypto tokens to watch before public trading begins.