Current Kusama Price Overview
- Price: $12.83
- 24h Price Range: $12.67 – $13.48
- Market Cap: $214.52M (0.01% of total crypto market)
- Circulating Supply: 16.72M KSM (100% of total supply)
- 24h Trading Volume: $6.41M
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General Information
What Is Kusama (KSM)?
Kusama is a scalable multichain network built on Polkadot’s codebase, designed as a testing ground for developers to trial blockchain projects before Polkadot deployment. Launched in 2019, it features:
- Proof-of-Stake (PoS) consensus.
- Governance token (KSM): Used for staking, voting, and network operations.
- Flexible governance: Faster upgrades than Polkadot (7–8 days vs. 30+ days).
Key Features & How Kusama Works
1. Relay Chain & Parachains
- Relay Chain: Main blockchain for finalizing transactions and coordinating validators.
- Parachains: Custom blockchains built by developers for specific use cases (e.g., DeFi, NFTs).
2. Governance Structure
- Referendum Chamber: KSM holders propose/vote on changes.
- Council: Elected members prioritize proposals.
- Technical Committee: Teams building on Kusama expedite critical updates.
3. Staking & Validation
- Lower staking requirements vs. Polkadot, encouraging participation.
Kusama Use Cases
- Polkadot testing: Developers stress-test projects in a live environment.
- Early adoption: Communities engage with pre-launch projects.
Where to Buy Kusama (KSM)
KSM is available on major CEXs and DEXs, including:
- Binance
- Kraken
- Uniswap
Price Statistics & Historical Data
- All-Time High (ATH): $621.73 (May 2021).
- Current Price: -97.9% below ATH.
- Max Supply: Unlimited.
FAQ
1. Is Kusama the same as Polkadot?
No—Kusama is Polkadot’s canary network, offering faster, risk-tolerant experimentation.
2. How is KSM used in governance?
Holders stake KSM to vote on proposals or elect council members.
3. What’s the future of Kusama?
It remains critical for Polkadot’s ecosystem, bridging innovation and mainstream deployment.
Additional Resources
- Official Website: Kusama Network
- Block Explorer: Blockchair