Price
$0.21
12/7/2022, 9:26:43 PM
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Market

Market stats

Market cap

$16.0M

Volume (24h)

$430,848.48

Circulating supply

75.1M KAR

All time high

$13.18

Price change (1h)

-0.07%

Price change (24h)

-4.52%

Price change (7d)

-8.08%

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Karura is on the decline this week.

The price of Karura has fallen by 8.08% in the past 7 days. The price declined by 4.52% in the last 24 hours. In just the past hour, the price shrunk by 0.07%. The current price is $0.21 per KAR. Karura is 98.38% below the all time high of $13.18.

The current circulating supply is 75,086,111 KAR.

About

What Is Karura (KAR)?

Karura (KAR) is an all-in-one decentralized finance (DeFi) platform that allows users to swap, borrow, lend, earn, and more with minimal transaction fees. The Karura platform is scalable and allows developers to create decentralized applications (DApp). Karura protocol is designed to operate as a DeFi hub on the Kusama—a multi-chain network for radical innovation.

As per the whitepaper, the Karura protocol is a parachain on the Kusama network serving as the experimental network for sister network Acala. Parachains are the individual blockchains running parallel within the Polkadot and Kusama ecosystems on their network. The Karura platform seeks to evolve as the proving ground for protocol upgrades and a place to experiment with new DeFi protocols and on-chain governance. The Karura platform aims to push the boundaries of what’s possible by launching on Kusama, offering the Acala foundation team a platform to launch new financial ideas.

Additionally, the Karura platform seeks to access Kusama’s plug-and-play security while also benefiting from high-capacity processing speeds, gas prices, and interoperability across numerous networks that are eventually connected to the Polkadot network. The Karura network aims to deliver decentralized financial products and stable assets to Kusama’s networks.

The Karura platform has KAR as the native utility token powering the DeFi hub of Kusama. The KAR token is used to pay for micro gas expenses and execute smart contracts. KAR is also used as a governance token that empowers the community to vote, elect council members, and drive the Karura development. 

History of Karura (KAR)

Acala Foundation launched the Karura network in 2019. As mentioned on the platform’s website, Bette Chen, Bryan Chen, and 0xThreeBody are the founders of the Karura platform.

KAR has a maximum total supply of 100,000,000 tokens.

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FAQ

What is the current price of Karura?

The price of 1 Karura currently costs $0.21.

What is the market cap of Karura?

The current market cap of Karura is $16.05M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Karura?

The all-time high of Karura is $13.18. This all-time high is highest price paid for Karura since it was launched.

What is the 24 hour trading volume of Karura?

Over the last 24 hours, the trading volume of Karura is $430.85K.

What other assets are similar to Karura?

Assets that have a similar market cap to Karura include Pitbull, Tokemak, Chimpion, and many others. To see a full list, see our comparable market cap assets.

How many Karura are there?

The current circulating supply of Karura is 75 million.