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Kusama

Kusama KSM

Coin
Kusama Price (KSM)
$29.85
0.13% Buy KSM

0.0233 ETH

0.0017 BTC

Low: $29.25
High: $30.02
24h
Market Cap
$252,871,377
0.13%
Fully Diluted Market Cap
$288,133,223
0.13%
Volume
24h
$12,481,630
5.61%
Volume / Market Cap
0.0494
Circulating Supply
8,470,098 KSM
Max Supply
--
Total Supply
9,651,217
Kusama KSM
Price: $29.85
0.13% Buy KSM

Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

Learn this metric

The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

Learn this metric

Verified Data

Kusama project's Circulating Supply has been verified and is equal to:

Circulating Supply

8,470,098 KSM

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
Share it with your friends

Current price of Kusama is $29.85

Kusama (KSM) Social Signals & Traffic Tracker
Kusama twitter
Twitter Stats
Visit Twitter

Followers

256.62K

0.12%

Joined at Jun 19, 2019

Following

0

0.00%

Tweet count

1,203

0.00%

Kusama reddit
Reddit Stats
Visit Reddit

Subscribers

11.56K

0.04%

Joined at Jun 20, 2019

Subreddit type

public

Moderators

12

0.00%

Kusama telegram
Telegram Stats

Members

-

Title

-

Currently, official Kusama (KSM) Telegram Stats account doesn’t exist or wasn’t submitted. 🔆

Kusama traffic
Website Traffic
Visit Website

Website Rating (DR)

71 / 100

1.39%

Ahrefs Rank

85,824

10.88%

Organic Traffic (mo.)

3,977

0.00%

Kusama github
GitHub Organization
Visit GitHub

Public repos

4

Created at Jun 28, 2019

Type

Organization

Kusama github
GitHub Public Repository

Stars

-

Watchers

-

Forks

-

Language

-

Currently, official Kusama (KSM) GitHub Public Repository doesn’t exist or wasn’t submitted. 🔆

Project's main Github metrics, like how many public repositories it has, the type of the account (organization or personal), and when was the GitHub account created. Stats are updated weekly.

Project's main GitHub public repository metrics, like the number of stars, watchers, forks, and the programming language used. Stats are updated weekly. If the project doesn't have a public repository, and only a private one, its metrics will not appear here.

Project's main Telegram metrics, like channel title & member count. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly.

Project's main Twitter metrics, like Follower count, how many accounts they are following, and how many Tweets the account has posted to date. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can see the Project's Twitter feed.

Project's main Reddit metrics, like Subreddit subscriber count, community type (public, restricted, private, premium-only), and the number of Subreddit moderators. The graph shows the dynamics of these metrics throughout recent months. Stats are updated weekly. Below, you can also find Project Subreddit's most trending topics, updated daily.

Project's main Website traffic metrics, like Website Domain Authority, Ahrefs rank, and monthly Organic Traffic. The graph shows the dynamics of these metrics throughout recent months. Stats are updated monthly.

Followers: 256,620

Subscribers: 11,561

Kusama Price Statistics

Kusama Price
$29.85
Price Change 24h
-$0.0388
0.13%
24h Low / 24h High
$29.25 /
$30.02
All Time High
May 18, 2021 (1 year 6 months ago)
$623.75
95.21%
All Time Low
Jan 14, 2020 (2 years 10 months ago)
$0.9158
3,159.99%
Trading Volume 24h
$12,481,630
5.61%
Volume / Market Cap
0.0494
Market Dominance
0.03%
Market Rank
#121
Market Cap
$252,871,377
0.13%
Fully Diluted Market Cap
$288,133,223
0.13%

Live KSM Price Analysis

The current real time Kusama price is $29.85, and its trading volume is $12,481,630 in the last 24 hours. KSM price has plummeted by 0.13% in the last day, and increased by 0.52% in the last 7 days. It’s important to note that current Kusama market capitalization is $252,871,377, Talking about circulating supply, KSM has 8,470,098 coins. Currently, Kusama rank on the market is #121.

Kusama price today is 95.21% below all time high, and it is 3,159.99% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling KSM are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What is Kusama (KSM)?

Kusama (KSM) is the native token for the platform of the same name. It’s often referred to as the canary network for Polkadot, meaning that it’s used for testing and development. It’s a permissionless and decentralized blockchain that offers high interoperability and scalability.

Kusama acts as a decentralized testing environment for blockchain developers to build applications and launch their own networks. It provides support for parachain development and integration. Kusama is notable for its development speed and fast-paced governance operations.

Who is the Team Behind Kusama?

Kusama was developed by the team behind Polkadot. One of the key figures in Kusama’s development is Gavin Wood. He’s one of the Ethereum founders and one of the programmers behind the Solidity language. Wood is also the founder of Parity Technologies and the non-profit Web3 Foundation.

Other founding figures include Peter Czaban and Robert Habermeier. Czaban is a machine learning specialist. He’s also been involved with the development of the Aura consensus mechanism. Habermeier is a developer who has made significant contributions to the creation of Substrate.

The idea behind Kusama was to provide developers with a digital open space to develop, test, and deploy projects that aim to be launched on Polkadot in the future but require more tweaks and adjustments. Kusama was developed to be a low-stakes environment that would pose fewer risks regarding bugs and system failures.

Kusama was launched in 2019 as an early development version of Polkadot. At the time of launch, the Kusama price balanced under $2, showing some volatility. It uses the Substrate blockchain framework which was created by Parity Technologies.

The Kusama crypto platform uses heterogeneous sharding to improve network efficiency. Kusama tokens became available as an airdrop for the Polkadot (DOT) token sale participants.

Although Kusama’s code is based on Polkadot’s, the two networks offer different functionality and focus on enhancing different blockchain aspects. Kusama acts as a tool for developers to experiment and test their projects while Polkadot is a layer 0 protocol that enables blockchain interoperability.

Market fluctuations became more frequent over time, particularly after the launch of Polkadot in May 2020. A significant peak was reached days before Polkadot’s launch when the KSM price exceeded $623.

What Are the Features and Uses of Kusama?

KSM does not have a hard cap for the maximum token supply. Instead, the number of assets increases over time. The inflation rate was set at 10% each year. This ensures that the Kusama price does not rapidly decline and the availability of the assets is maintained stable.

Initially, Kusama used the Proof-of-Authority (PoA) consensus mechanism. However, in October 2019 it switched to Nominated Proof-of-Stake (NPoS). Token minting and distribution proportionally depend on the amount of staked KSM assets at a given time. In turn, token distribution and general market trends can affect the KSM price.

There are four components that make up Kusama’s structure:

  • Relay Chain – the main chain of the system. It’s the core of the entire infrastructure, providing network security and interoperability;
  • Parachains – short for parallel chains. They’re various individual chains that connect to the Relay Chain and can have their own tokens and utilities;
  • Parathreads – although they function similar to parachains, they use a pay-as-you-go model. The KSM price value for the parathread can depend on the developer’s demands. Parathreads connect to parachains via bridges; 
  • Bridges – purpose-built parachains that enable connectivity between parachains or parathreads and other external blockchains. Bridges also connect Kusama directly to other chains.

Since Kusama was built using a multichain design, the platform is able to provide cross-chain message passing (XCMP) support and allow different parachains to be in contact with each other.

Kusama essentially functions as a sandbox for blockchain developers. It offers high technical flexibility. Although Kusama does not provide native support for smart contracts, developers can still build decentralized apps (dApps) on the platform thanks to the toolkit provided. The projects on Kusama are unaudited, allowing for more freedom.

There are multiple uses for the KSM token, as it’s Kusama’s main utility asset. The main features include staking, governance, transactions, and participation in parachain auctions. Users can take up one of the three roles within the network – builders, maintainers, or end-users.

Builders are network developers. They use Kusama’s services to build new parachains, bridges, and apps. End-users are blockchain members that utilize the parachains within the Kusama ecosystem.

Maintainers are responsible for system maintenance and seamless blockchain functionality. A maintainer can take up one of the four roles based on the principles of NPoS:

  • Validators – members, or nodes, of the Kusama network that are nominated to produce new blocks on the Relay Chain. Prospective validators must meet technical requirements and possess a predetermined amount of KSM coins;
  • Nominators – nodes that contribute to the Kusama network by staking their assets. This grants them the ability to nominate new validators and reinforces blockchain security;
  • Collators – nodes that are responsible for maintaining the security and functionality of the parachains;
  • Governance participants – users that participate in protocol management.

The KSM token is used for network governance. According to the protocol, Kusama is fully decentralized and is owned by the token holders. Therefore, they can utilize the assets in their possession to propose and vote on protocol changes. They also determine the importance and urgency of all proposals.

The governance members can take up one of the three roles by being part of either the referendum chamber, council, or technical committee. All token holders are considered to be members of the referendum chamber. Passive stakeholders are part of the council. The council elects the members of the technical committee.

The chamber members propose new protocol changes by depositing a set amount of KSM tokens, and approval is granted by other members that put their assets forward. Therefore the importance of the proposal can be determined by the Kusama price value put forward by all members.

Additionally, Kusama is used to pay for the messages that are transmitted via the different interconnected parachains. Cross-chain transactions are managed using the Merkle tree queuing system for efficiency and security.

The network also offers a feature known as Kusama Gifts. It allows users to send their KSM assets to non-users for easy onboarding. It also enables users to forward tokens to each other without knowing the exact wallet address. Creating Gifts for crowdloans can impact the funding process regardless of the KSM price at the time.

How Do Parachain Slot Auctions Work?

The Kusama network and, by extension, Polkadot, are constructed using multichains that are better known as parachains. To connect to the Relay Chain, the parachains must first lease a slot. These slots can be earned by taking part in the parachain slot auction.

The teams behind parachains must put forward a specific amount of KSM to participate in the auction. If they lack funds, they can use a parachain loan offering. Like many other blockchain-based offerings, they enable public fundraising to earn the required amount.

Once the parachain projects have sufficient funds, they must lock them. Participation in the slot auctions is incentivized with various rewards, such as offerings of the parachain’s native utility tokens. The Kusama price value can be used to determine the value of the new parachain project submissions.

What Is the Link Between Kusama and Polkadot?

Kusama and Polkadot share many similarities, as they both use a similar codebase and the same blockchain architecture. Kusama essentially works as a preview of Polkadot’s future updates. It contains features that haven’t been implemented in Polkadot yet to ensure they work seamlessly and do not obstruct network operations.

Although Kusama and Polkadot were founded in 2016, the networks launched in 2019 and 2020, respectively. Both Kusama and Polkadot are used by developers that are working on parachain projects. The platforms can be used to build and deploy new parachains. The consensus mechanism on both networks is Nominated-Proof-of-Stake.

As stated on the Kusama website, the canary network refers to the platform as Polkadot’s “canary in the coal mine”. It’s used as a testing ground for new Polkadot features as well as other third-party parachain projects. Kusama is the preferred network for early-stage test launches while Polkadot targets higher-value applications.

During the launch of Kusama, Polkadot users were eligible to receive the same amount of KSM tokens as they held DOT. However, the Kusama price was not equivalent to Polkadot’s. KSM has been considered the rarer and more valuable asset by some due to the network’s niche utility.

Kusama acts as an unofficial security barrier for Polkadot. As all updates go through Kusama’s network first, this ensures that Polkadot-based launches are secure and reviewed. Despite this link, both networks run independently of each other and are fully self-sufficient.

The Kusama crypto governance stands out for maintaining faster rotations than Polkadot. After submitting proposals and requests, KSM token holders vote on which projects should be implemented. This process can take up to 15 days to ensure the projects are streamlined efficiently and with fewer delays, compared to Polkadot’s 28 days.

Polkadot has strict rules for project auditing pre-launch. While Polkadot provides customization, it’s more restrained than Kusama. KSM allows more creative freedom and makes the process of launching test projects simpler.

The token supplies of Polkadot and Kusama are not capped, although they can be subject to protocol changes in the future. Both assets are notably volatile. However, the KSM price has seen higher increases, sometimes being more than eight times higher than DOT on a given day.

What's Kusama trading volume in the last 24 hours?

KSM has a trading volume of $12,481,630 in the last 24 hours.

What's Kusama highest price ever?

KSM has a highest price of $623.75, which was reached on May 18, 2021 (1 year 6 months ago).

What's Kusama lowest price ever?

KSM has a lowest price of $0.9158, which was reached on Jan 14, 2020 (2 years 10 months ago).

What are the best exchanges for buying and selling KSM?

Currently, the most active and dominating exchanges for buying and selling Kusama are Binance, Kraken & Kucoin. The most popular Kusama trading pairs are KSM/USDT (on Binance ), KSM/BUSD (on Binance ), KSM/USD (on Kraken ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping KSM?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Kusama. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

Learn this metric

The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

Learn this metric

The highest historical cryptocurrency value.

Learn this metric

The lowest historical cryptocurrency value.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

Learn this metric

The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

Learn this metric

The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

Learn this metric

Verified Data

Kusama project's Circulating Supply has been verified and is equal to:

Circulating Supply

8,470,098 KSM

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric

The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

Learn this metric
Share it with your friends

Current price of Kusama is $29.85

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