Kusama (KSM) is currently priced at $32.41, with a 24-hour trading volume of $1,140,061. Over the past day, the price of KSM has decreased by 3.61%. It holds the 94th position in market capitalization rankings, with a live market cap of $291,382,297. The circulating supply stands at 8,980,098 KSM, and the maximum supply is capped at 10,000,000 KSM. This article provides real-time updates for the KSM/USD pair and explores the fundamentals of the Kusama network.
KSM Price Performance
| Time Frame | Change ($) | Change (%) |
|---|---|---|
| Today | -1.24 | -3.68% |
| 7 Days | -5.67 | -14.89% |
| 30 Days | -3.63 | -10.07% |
| 3 Months | 8.62 | 36.27% |
Kusama Market Data
- 24-Hour Low/High: $32.21 low / $34.11 high
- Latest Price: $32.41
- Popularity Rank: #138
- Market Cap Rank: #94
- Market Cap: $291.38M
- All-Time High: $621.71
- All-Time Low: $0.876572
- Initial Release Date: November 28, 2019
- Initial Offering Price: $0
- Circulating Supply: 8,980,098 KSM
- Fully Diluted Valuation: $291.38M
What Is Kusama (KSM)?
Kusama serves as an open-source experimental version of the Polkadot blockchain, built using the Substrate network framework. It offers a less restrictive governance system, allowing developers to rapidly prototype, build, and upgrade new blockchain projects. KSM is the native utility token of the platform.
The network employs a multi-chain architecture that includes a relay chain, parachains, and cross-chain bridge technology. This design supports interoperability and scalability for decentralized applications.
Core Team and Development
Kusama was conceptualized by Gavin Wood, a co-founder of Ethereum and former Chief Technology Officer. Wood is credited with inventing several foundational components of blockchain development, including the Solidity programming language, the Whisper protocol, and the Proof of Authority consensus mechanism. He currently serves as the President of the Web3 Foundation.
Other key contributors include Oxford University alumnus Peter Czaban, who is the Chief Technology Officer of the Web3 Foundation, and Thiel Fellowship recipient Robert Habermeier, a long-standing member of the Rust programming community.
Additionally, the project is supported by a global team of over 100 blockchain engineers and strategic advisors who assist in guiding the community and shaping the future development of Kusama.
Funding and Ecosystem Support
Kusama has received financial backing from the Web3 Foundation and private investors such as Master Ventures. These entities have also provided funding and support across the broader Polkadot ecosystem, aiding in the growth and innovation of interconnected blockchain networks.
For those interested in tracking Kusama’s price or exploring its ecosystem further, view real-time market tools.
Frequently Asked Questions
What is the primary use of the KSM token?
KSM is used for governance, staking, and bonding within the Kusama network. Token holders can participate in voting on proposals, validating transactions, and securing parachain slots.
How does Kusama differ from Polkadot?
Kusama is designed as a "canary network" for Polkadot, meaning it is a faster-paced, less polished environment for testing new features before they are deployed on Polkadot. It has looser governance parameters and faster upgrade cycles.
Is Kusama a good investment?
Like all cryptocurrencies, KSM carries investment risks. Its value is tied to adoption, network usage, and broader market conditions. Always conduct thorough research and consider your risk tolerance.
Where can I buy and trade KSM?
KSM is available on several major digital asset exchanges. Users can trade it against various cryptocurrencies and fiat currencies. Ensure you use a platform with strong security and liquidity.
Can I participate in network governance without holding KSM?
No, owning KSM is essential for participating in the governance mechanisms of the Kusama network, including proposing and voting on referenda.
What is the maximum supply of KSM?
The maximum supply of KSM is capped at 10,000,000 tokens. The current circulating supply is approximately 8.98 million.