Kusama
Current price
$4.33
−6.68%24h
LiveUpdated 34s ago
TodayKusama drops 6.7%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.23%
- 24 hours−6.68%
- 7 days−8.07%
- 30 days+11.74%
- 1 year−61.26%
Kusama's move in context
Lagging the market today
−6.68% today against −3.26% for the market as a whole, a gap of 3.4 points. A gap this wide suggests something specific to Kusama may be moving it, not just the market mood.
Trend has turned
−8.1% over 7 days and +11.7% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Kusama
Overview
Kusama is an experimental blockchain platform that serves as a proving ground for developers and projects aiming to launch on the Polkadot network. It is designed to facilitate rapid deployment of decentralized applications (dApps) and the implementation of new features. With its core mission of enabling innovation and experimentation in the blockchain space, Kusama allows projects to test their functionalities, governance structures, and economic models in a real-world environment while maintaining the ability to traverse transitions smoothly to the more secure Polkadot network. Distinguishing features of Kusama include high speed, scalability, and the ability to undergo rapid changes based on community feedback, standing in stark contrast to the slower, more rigorous update process typical of traditional networks.
Technical Features
Kusama operates on a modified version of the Substrate framework, which supports the development of custom blockchains. It utilizes a decentralized, proof-of-stake (PoS) consensus mechanism known as NPoS (Nominated Proof-of-Stake). This mechanism improves network security by allowing KSM holders to nominate validators who propose and verify blocks. The network architecture consists of parachains that can be created for specific functionalities and communicate with each other as well as with the main Kusama relay chain. Such interoperability enhances scalability and ensures that applications can exploit shared security. Additionally, Kusama's technical features include referenda-based governance, allowing token holders to propose and vote on changes, thereby creating a participatory ecosystem.
Use Cases
The primary use cases of Kusama include decentralized finance (DeFi), governance, and experimentation with non-fungible tokens (NFTs). In DeFi, Kusama supports a diverse range of financial applications, from automated market makers (AMMs) to lending platforms, enabling users to earn rewards and trade cryptocurrencies seamlessly. Governance is a vital aspect of Kusama, where token holders exercise their rights to influence project direction and protocol upgrades actively. Additionally, the platform serves as a playground for NFT projects, allowing artists and developers to incorporate innovative features into their tokens. Its flexible nature also allows developers to test smart contracts, gauge community feedback, and iterate rapidly before full deployment on Polkadot.
Development Background
Kusama was launched in 2019 by Parity Technologies, the co-founders of Polkadot, Dr. Gavin Wood, and Jutta Steinboth. The project was envisioned as a temporary but integral environment for testing the innovations designed for Polkadot. Since its inception, Kusama has celebrated notable events, including its first parachain slot auctions and the active participation of various projects transitioning to the platform, enhancing its credibility and adoption. Its genesis block was created on August 2019, marking the start of a vibrant community and technological innovations.
Community and Ecosystem
The Kusama ecosystem is supported by a diverse community of developers, validators, and enthusiasts. Its governance model fosters active participation and collaboration among stakeholders. The community contributes to the development of a variety of projects, including DeFi protocols, NFT platforms, and other decentralized applications. Partnerships with various blockchain initiatives further strengthen its ecosystem, encouraging interoperability and cross-platform integration. Notable projects built on Kusama include Acala, Moonbeam, and Phala Network, which enhance the utility and reach of the Kusama platform.
Future Potential
Kusama's future potential is characterized by its commitment to continuous innovation and community involvement. With plans for further integration of parachains, enhanced governance features, and collaborations with emerging trends such as Web3 technologies, Kusama is poised to make a significant impact on the blockchain landscape. The rapid pace of development coupled with the community's enthusiasm will likely yield a multitude of applications encouraging scalability and flexibility. As an experimentation platform, it holds the promise of serving as a blueprint for the next generation of blockchain projects, fostering an environment ripe for creativity and application in decentralized ecosystems.
Kusama market
- Position by market cap among the coins we track.
- #181
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $81.55M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $4.26High $4.65
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $621.71
- Now 1% of itReached 18 May 2021 · Needs +14,258% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 18.83M KSM
- 188% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 18.99M KSM
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 10M KSM
- The most coins that can ever exist. Some coins have no limit.
Kusama converter
1 Kusama = $4.33
