I heard that Kaddex has taken over Kadena, and this event has become quite a big topic in the crypto world. By the end of October 2025, with the sudden collapse of the Kadena network, Kaddex officially assumed all the intellectual property and rights of the project. The network's shutdown was due to financial difficulties and management failures, which caused the KDA token to drop 60% within an hour.

Now, Kaddex has all of Kadena's infrastructure and has plans for a fresh start. They are especially focusing on security, compliance, and a decentralized tokenomics structure. Kaddex's move is seen as an opportunity to revive the ecosystem.

A compensation mechanism is also being implemented for former KDA holders. They will receive compensation on a one-to-one basis when transitioning to the new chain, which means partially offsetting many people's losses. However, some concerns have also arisen during this transition process. Discussions continue about the risks of centralization and how sustainable the restructured project will be in the long term. It remains a question whether Kaddex can save the project through this challenging period.