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Kusama

KSM

Price
$29.33
12/7/2022, 6:57:51 PM
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Market

Market stats

Market cap

$249.0M

Volume (24h)

$14.5M

Circulating supply

8.5M KSM

Typical hold time

27 days

Trading activity

Not enough data

Popularity

#66

All time high

$623.75

Price change (1h)

-0.97%

Price change (24h)

-5.38%

Price change (7d)

+2.75%

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Kusama is on the rise this week.

The price of Kusama has risen by 2.75% in the past 7 days. The price declined by 5.38% in the last 24 hours. In just the past hour, the price shrunk by 0.97%. The current price is $29.33 per KSM. Kusama is 95.30% below the all time high of $623.75.

The current circulating supply is 8,470,098.057 KSM.

About

KSM is a cryptocurrency that powers Kusama, a protocol that enables cross-blockchain transfers of any type of data or asset. By uniting multiple blockchains, Kusama aims to achieve high degrees of security and scalability. KSM serves as the protocol’s governance token and can be used for staking to secure the network or to connect (“bond”) new chains. Kusama acts as a "canary" or experimental network for Polkadot (a separate protocol that shares the same codebase) in which developers can more quickly test new programs that can be deployed on both.

What Is Kusama (KSM)? 

Kusama is a scalable network of blockchains meant for experimentation. Kusama is the identical copy of the Polkadot blockchain and provides a pre-production environment for Polkadot. The platform allows developers to experiment and test new decentralized applications (DApps) before releasing them on the network in real time. The blockchains available on Kusama’s network are called Parachains that bring several breakthroughs compared to the legacy networks. 

While other networks only allow developers to build using smart contracts, Kusama seeks to give them complete control over the underlying blockchain. This flexibility aims to provide freedom to the developers to optimize for better use cases and hence better and secure DApps and services for all. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Moreover, Kusama also serves as a Canary Network for Polkadot. Official Polkadot upgrades are tested on Kusama before they are launched. Hence, the primary use case of Kusama is to facilitate testing.        

Kusama seeks to offer many features to the projects developed on the network including the following:

  • Innovation – The same team develops Kusama as Polkadot using the same codes and tools. In addition, the network aims to provide the latest technology from Parity Technologies and Web3 Foundation for the developers.

  • Scalability – Kusama’s blockchains are sharded, and Kusama’s open governance makes the platform a scalable infrastructure. Sharding is the process of database portioning on the blockchain for scalability, enabling it to process more transactions per second.    

  • Interoperability  - Kusama brings multiple blockchains called Parachains together into one sharded network, thus seeking to offer freedom to the developers from the siloes of the legacy network. 

  • Customization – Kusama is built on Substrate by Parity Technologies. Substrate is the framework to build the blockchains quickly. With the help of this framework, the developers can build their app-specific blockchains and connect them to the Kusama network.     

KSM is the native token of the platform. KSM has many use cases on the platform like token holders can validate the network, nominate other validators, and use governance rights to vote on the major decisions of the platform, all using KSM.   

History of Kusama (KSM)   

Dr. Gavin Wood founded Kusama in 2016. He is a cofounder of Ethereum and a cocreator of the Polkadot network. 

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Reading List

News

CoinDesk • Apr 13, 22

Tether’s USDT Stablecoin Enters Polkadot Ecosystem With Kusama Launch

Kusama becomes the tenth blockchain to support USDT, which already has more than $80 billion in circulation.

Read more

Kusama becomes the tenth blockchain to support USDT, which already has more than $80 billion in circulation.

Blockworks • Nov 08, 21

Parallel Finance Valuation Rises 67% to $250M in Three Months

Over the span of three months, Parallel Finance’s valuation has increased about 67% from $150 million to $250 million, CEO Yubo Ruan told Blockworks. The post Parallel Finance Valuation Rises 67% to $250M in Three Months appeared first on Blockworks.

Read more


Over the span of three months, Parallel Finance’s valuation has increased about 67% from $150 million to $250 million, CEO Yubo Ruan told Blockworks.
The post Parallel Finance Valuation Rises 67% to $250M in Three Months appeared first on Blockworks.

The Block • Oct 19, 21

Cosmos is building a new blockchain called Sagan for experimentation

During today’s keynote, Cosmos revealed the launch of a new blockchain for trialling protocols before mainnet launch. The post Cosmos is building a new blockchain called Sagan for experimentation appeared first on The Block.

Read more

During today’s keynote, Cosmos revealed the launch of a new blockchain for trialling protocols before mainnet launch.
The post Cosmos is building a new blockchain called Sagan for experimentation appeared first on The Block.

The Block • Sep 08, 21

SubQuery, indexing protocol for Polkadot ecosystem, raises $9 million in SAFT sale

SubQuery Network, a data indexing protocol for the Polkadot and Kusama ecosystems, has raised $9 million in a new funding round. The post SubQuery, indexing protocol for Polkadot ecosystem, raises $9 million in SAFT sale appeared first on The Block.

Read more

SubQuery Network, a data indexing protocol for the Polkadot and Kusama ecosystems, has raised $9 million in a new funding round.
The post SubQuery, indexing protocol for Polkadot ecosystem, raises $9 million in SAFT sale appeared first on The Block.

The Block • Aug 30, 21

Polkadot-based DeFi protocol Parallel Finance raises $22 million in Series A funding

Parallel Finance, a Polkadot-based DeFi protocol, has raised $22 million in a Series A funding round. The post Polkadot-based DeFi protocol Parallel Finance raises $22 million in Series A funding appeared first on The Block.

Read more

Parallel Finance, a Polkadot-based DeFi protocol, has raised $22 million in a Series A funding round.
The post Polkadot-based DeFi protocol Parallel Finance raises $22 million in Series A funding appeared first on The Block.

CoinDesk • Jul 23, 21

First Decentralized Exchange Launches on Polkadot and Kusama Ecosystem

Karura Swap opened for trading with $3.4 million in total value locked.

Read more

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FAQ

What is the current price of Kusama?

The price of 1 Kusama currently costs $29.33.

What is the market cap of Kusama?

The current market cap of Kusama is $248.99M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Kusama?

The all-time high of Kusama is $623.75. This all-time high is highest price paid for Kusama since it was launched.

What is the 24 hour trading volume of Kusama?

Over the last 24 hours, the trading volume of Kusama is $14.48M.

What other assets are similar to Kusama?

Assets that have a similar market cap to Kusama include Oasis Network, Bitcoin Gold, XDC Network, and many others. To see a full list, see our comparable market cap assets.

How many Kusama are there?

The current circulating supply of Kusama is 8.5 million.

What is the typical holding time of Kusama?

The median time that Coinbase customers hold Kusama before selling it or sending it to another account or address is 27 days.

What is the relative popularity of Kusama?

Kusama ranks 186 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Kusama?

Currently, 95% of Coinbase users are buying Kusama. In other words, 95% of Coinbase customers have increased their net position in Kusama over the past 24 hours through trading.