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About Klaytn

Klaytn is a global public blockchain platform developed by GroundX, a subsidiary of the South Korean IT giant, Kakao. Launched in June 2019, Klaytn strives to drive blockchain mass adoption by providing a seamless experience for both users and developers. The platform is known for its low transaction latency, enterprise-grade reliability, and a developer-friendly environment. Klaytn's native digital asset, KLAY, fuels and secures the protocol. The platform has generated over 1 billion transactions from more than 300 decentralized applications, making it a player in the Web 3.0 ecosystem.

Klaytn operates using an optimized version of Istanbul BFT consensus algorithm, which allows transactions to achieve absolute finality within a second. This feature enables responsive user experiences and supports use cases where near-instant and irreversible finality is necessary. Klaytn's unique governance structure includes a Governance Council, composed of global enterprises and DAOs, which forms a compact validator network. This network delivers the benefits of a decentralized public blockchain while maintaining the performance of a permissioned blockchain. Klaytn also utilizes a hub-and-spoke model for scalability, with service chains that can be customized for specific DApp requirements.

Klaytn's potential use cases span a broad array of sectors, from DeFi to real-world assets, entertainment, gaming, and even central bank digital currency (CBDC) pilot projects. Klaytn offers an end-to-end metaverse package that includes customized Layer 2 solutions, SDKs, smart contract libraries, IPFS solutions, wallets, chain explorers, oracles, and bridges. This package simplifies the process of building for the metaverse. Klaytn also supports Ethereum Virtual Machine (EVM) as one of the emerging standards for the metaverse and Web3, making it compatible with existing Ethereum clients and interfacing libraries.

Klaytn was developed and launched in June 2019 by GroundX, the blockchain subsidiary of Kakao, Korea's largest mobile platform. After two years in Korea, the Klaytn Foundation was established to accelerate global adoption and ecosystem maturity on Klaytn. The foundation manages the Klaytn Growth Fund and operates alongside Krust, a subsidiary of Kakao Corp that invests in projects built on Klaytn. Klaytn has become a globally competitive Web 3.0 ecosystem developed in South Korea.

Market

Spain Market Stats

Market cap

€568.5M

Volume (24h)

€18.5M

Circulating supply

3.6B KLAY

All time high

€4.11

Price change (1h)

+0.81%

Price change (24h)

-7.27%

Price change (7d)

-21.18%

Spain News about Klaytn

Unchained • May 01, 24

Crypto’s New Hype Sector? TVL in RWA Protocols Nears $8 Billion

A new wave of adoption in the form of Real World Asset (RWA) tokenization could drive the next leg of the crypto market, as protocols catering to this section of the industry gain momentum. Data from Messari shows that RWA protocols have seen their Total Value Locked (TVL) surge 60% ...The post C...

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BeInCrypto • May 01, 24

This Is How Ripple (XRP) Whales Are Initiating a Recovery

XRP price is potentially poised to bounce back with the support of the whales who have been accumulating at low prices, looking to book gains.The post This Is How Ripple (XRP) Whales Are Initiating a Recovery appeared first on BeInCrypto.

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BeInCrypto • May 01, 24

Sending Money as Simple as Texting: Fintopio CEO Steve Milton on Transforming Crypto Payments

In a recent insightful interview with BeInCrypto, Steve Milton, the co-founder and CEO of Fintopio, shared his ambitious plans to revolutionize the cryptocurrency payment industry by focusing on simplicity and user experience.  As a seasoned professional with a rich background in Web3, tech, and ...

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The Block • May 01, 24

Why is Bitcoin so volatile?

Bitcoin's inherent price volatility stems from a complex interplay of multiple market factors.

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BeInCrypto • May 01, 24

Animoca Brands Doubles Down on Web3 Growth with Two New Partnerships

Animoca Brands announced strategic partnerships with Opal and Saakuru, solidifying its Web3 position.The post Animoca Brands Doubles Down on Web3 Growth with Two New Partnerships appeared first on BeInCrypto.

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BeInCrypto • May 01, 24

CreataChain Secures Strategic Investment From Al Reem Fzco to Build an Advanced Rwa Marketplace

CreataChain has secured a significant strategic investment from Al Reem FZCO to fuel the launch of a cutting-edge marketplace for real-world assets (RWAs). Financial institutions around the world have shown growing enthusiasm for the tokenization of RWAs, which enable everything from property to ...

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Klaytn is on the decline this week.

The price of Klaytn has increased by 0.81% in the last hour and decreased by 7.27% in the past 24 hours. Klaytn’s price has also fallen by 21.18% in the past week. The current price is €0.16 per KLAY with a 24-hour trading volume of €18.49M. Currently, Klaytn is valued at 96.19% below its all time high of €4.11. This all-time high was the highest price paid for Klaytn since its launch.

The current circulating supply of Klaytn is 3,627,219,622.21 KLAY which means that Klaytn has as total market cap of 3,627,219,622.21.

FAQ

What is the current price of Klaytn?

We update our Klaytn to EUR currency in real-time. Get the live price of Klaytn on Coinbase.

What is the market cap of Klaytn?

The current market cap of Klaytn is €568.52M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Klaytn?

The all-time high of Klaytn is €4.11. This all-time high is highest price paid for Klaytn since it was launched.

What is the 24 hour trading volume of Klaytn?

Over the last 24 hours, the trading volume of Klaytn is €18.49M.

What other assets are similar to Klaytn?

Assets that have a similar market cap to Klaytn include EOS, IOTA, Worldcoin, and many others. To see a full list, see our comparable market cap assets.

How many Klaytn are there?

The current circulating supply of Klaytn is 3.6 billion.

Can I buy Klaytn on Coinbase?

No, Klaytn is not currently available on Coinbase, but you can sign up to get the latest news on Klaytn and be notified when it gets added to our exchange.