Recent advances in Large Language Models (LLMs) have highlighted the critical importance of extending context length, yet the quadratic complexity of attention mechanisms poses significant challenges for efficient long-context modeling. KV cache compression has emerged as a key approach to address this challenge. Through extensive empirical analysis, we reveal a fundamental yet previously overlooked asymmetry in KV caches: while adjacent keys receive similar attention weights ({\it local homogeneity}), adjacent values demonstrate distinct {\it heterogeneous} distributions. This key-value asymmetry reveals a critical limitation in existing compression methods that treat keys and values uniformly. To address the limitation, we propose a training-free compression framework (AsymKV) that combines homogeneity-based key merging with a mathematically proven lossless value compression. Extensive experiments demonstrate that AsymKV consistently outperforms existing long-context methods across various tasks and base models. For example, on LLaMA3.1-8B, AsymKV achieves an average score of 43.95 on LongBench, surpassing SOTA methods like H$_2$O (38.89) by a large margin.Our code can be found in this link:https://github.com/the-scale-lab/Asymkv.

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