Kusama price
KSM
KSM

Kusama price

$21.5600
+$0.020000
(+0.09%)
Price change from 00:00 UTC until now
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USD
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Kusama market information
Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history

Market cap
$329.83M
Circulating supply
15,255,795 KSM
Market cap ranking
110
24h high
$21.6900
24h low
$20.8100
All-time high
$624.99

KSM calculator

USDUSD
KSMKSM
Our current rate
1 KSM ≈ $21.5600

Kusama price performance in USD

The current price of Kusama is $21.5600. Since 00:00 UTC, Kusama has increased by +0.09%. It currently has a circulating supply of 15,255,795 KSM and a maximum supply of 15,256,078 KSM, giving it a fully diluted market cap of $329.83M. At present, Kusama holds the 110 position in market cap rankings. The Kusama/USD price is updated in real-time.
Today
$0.020000
+0.09%
7 days
-$0.84000
-3.75%
30 days
-$1.4300
-6.23%
3 months
-$8.0700
-27.24%

About Kusama (KSM)

3.9/5
CyberScope
4.4
07/26/2024
TokenInsight
3.3
10/30/2022
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Kusama is an open-source and experimental version of the Polkadot blockchain, built using the Substrate network. It offers a relatively lenient governance system, thus allowing developers to build and upgrade new blockchain projects quickly. KSM is the name and ticker of the project's native token.

Kusama utilizes a multi-chain network with a relay chain, parachains, and bridges. While Polkadot focuses on maintaining high levels of security, Kusama is designed to absorb the risks of early experimentation by acting as a testnet. It is also cheaper to deploy projects on Kusama than on Polkadot, making it attractive for early-stage projects. The minimum requirement for staking as a validator is also lower, increasing its accessibility to users. However, Kusama supports a limited number of parachains, currently 100, booked through slots and allocated through an open auction for high-value bidders.

The three main ecosystem governance participants are the KSM token holders, the council, and the technical committee based on the Nominated Proof of Stake (PoS) consensus. The on-chain governance model uses simple, stake-based voting schemes to make any required changes to the network. As a result, Kusama is four times faster than Polkadot, with the voting and enactment process executed within 15 days.

KSM price and tokenomics

KSM has a total supply of 10 million and is subject to an annual inflation rate of 10%. Therefore, the token allocation of newly minted tokens depends on the proportion of KSM staked by network participants. If upheld, the ideal staking ratio is set at 50%, giving KSM validators new tokens. The excess goes to the treasury if this ratio has a positive deviation. However, validators will receive fewer tokens with a negative deviation, affecting the KSM price.

The quicker governance structure and rapidly expanding Polkadot ecosystem drive demand for KSM tokens. Polkadot price fluctuations also affect KSM's price. KSM was initially released through an airdrop and distributed to accounts that participated in the sale of DOT, Polkadot's token, at a ratio of 1:1. It also had a sale option for those who did not hold any DOT tokens at the time.

About the founders

Backed by strong players in the crypto ecosystem, Kasuma shares the same founders as Polkadot - Gavin Wood, Peter Czaban, and Robert Habermeier. Wood, the co-founder and former CTO of Ethereum, invented several fundamental elements of blockchain development, including Solidity, Whisper, and Proof of Authority (PoA) consensus. He also currently serves as the president and founder of the Web3 Foundation.

Czaban, an Oxford alumnus, is the chief technology officer at the Web3 Foundation, while Habermeier, a fellow at Thiel, is a longtime member of the Rust community. KSM also has a team of over 100 blockchain engineers and strategic advisors helping shape the project's future. Kusama is funded by the Web3 Foundation and private investors such as Master Ventures, who funded the entire Polkadot ecosystem.

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KSM FAQ

What is KSM?

Kusama is Polkadot's sister network with specialized blockchains built using Substrate. It provides a testing ground for developers to deploy new projects with a faster governance cycle. Projects can also choose to use Kusama or Polkadot as their primary environment. Many choose to run parachains on both, with Kusama as a pre-production environment. KSM is the native token of Kusama. Holders of KSM, along with an elected council, make governance decisions in a democratic process.

How does KSM's slot booking work?

Developers can rent space at a low cost to build projects on Kusama using slots allocated in three ways. First, users can book them through a permissionless auction by locking up their KSM tokens for a specified period. Smaller projects that may not be able to inhabit an entire parachain can opt for parathreads, a smaller version of parachains with the same API but executed on a pay-as-you-go basis with an auction for each block.

Where can I buy KSM?

Easily buy KSM tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include KSM/USDT.

You can also buy KSM with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for KSM with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into KSM, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is Kusama worth today?
Currently, one Kusama is worth $21.5600. For answers and insight into Kusama's price action, you're in the right place. Explore the latest Kusama charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Kusama, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Kusama have been created as well.

KSM calculator

USDUSD
KSMKSM
Our current rate
1 KSM ≈ $21.5600