KSM
Kusama
KSM

Kusama price

in USD
$14.6400
-$0.28000 (-1.88%)
USD
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Market cap
$246.90M #104
Circulating supply
16.84M / 16.84M
All-time high
$624.99
24h volume
$12.19M
3.9 / 5
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About Kusama

Layer 1
Official website
Block explorer
CertiK
Last audit: 1 May 2021, (UTC+8)

Kusama’s price performance

Past year
-30.16%
$20.96
3 months
-7.17%
$15.77
30 days
+18.06%
$12.40
7 days
-6.82%
$15.71

Kusama on socials

Nillion
Nillion
In July, we built hard but shipped harder. Here’s a quick recap of everything to get you up to speed. 🧵👇
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195
头雁
头雁
At the Web3 Summit 2025, @gavofyork presented a concept called ZkJAM. The JAM protocol itself can support various rollup protocols, including optimistic and zk rollups, through service abstraction, allowing them to interoperate at a protocol-native level. However, the ZKJAM discussed at this conference seems to have zkified @polkadot's polkaVM (RISC-V VM). The image below compares the cost of the JAM protocol based on the actively verified Elves algorithm (similar to fraud proofs, but with more proactive behavior) and the JAM based on ZK verification (which does not require re-executing transactions, only verifying transaction proofs). In the next 12 months to a few years, zk efficiency may continue to improve, and JAM will adopt both zk and hybrid modes simultaneously. So, on the other hand, why did RISC0 separate its brand while the protocol uses the @boundless_xyz brand? The zkvm will become a broader infrastructure. Previously, @anoma's resource machine (similar to EVM, but different; I will write a separate piece on what Anoma's resource machine is, as it is somewhat unique) is implemented using RISC-0's RISC-V zkvm. In the future, more systems may adopt RISC0's VM architecture, including JAM.
Gallery 1
头雁
头雁
JAM still needs quite a bit of time, and currently, the first RISC-V VM that is close to being put into production is PolkaVM (another one is the @boundless_xyz zkvm, which is already on the mainnet beta version and also based on RISC-V VM, but it is a more zk version of the VM). It has already been launched on the KSM platform (the precursor platform of @polkadot). It went live around June and is now relatively fully compatible with Solidity smart contract development. The demo program has implemented the complete operation of the Uniswap V2 version and is compatible with the Ethereum toolchain (Remix, Hardhat), and can integrate with popular libraries. On this basis, a recent important update is XCM-Precompile (XCM precompilation, where XCM stands for cross-chain transfer protocol), which supports cross-contract calls at the language level. By inheriting or importing the IXcm interface, XCM functionality can be directly integrated into existing smart contracts. This method allows you to seamlessly embed cross-chain functionality into application logic. Whether building DeFi protocols, governance systems, or any applications that require cross-chain coordination, XCM calls can be directly incorporated into the contract's functionality. The Polkadot version of the RISC-V VM - PolkaVM should go live alongside the Polkadot Hub. Polkadot ecosystem developer @alice_und_bob has predicted the roadmap and timelines for the second half of the year (which may not be absolutely precise): - Polkadot 2.0 - Elastic Scaling (August?) - Polkadot Hub - developer and user onboarding platform (October?) - Polkadot Pay - mobile app (August?) - DOT ETFs (whether it goes through will ultimately be in November) - DOT Tokenomics 2.0 (still under discussion) His roadmap is quite good: XCM-Precompile: PolkaVM live on Kusama:
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Mark Jeffrey
Mark Jeffrey
This is an excellent chart -- highlights $TAO quite well. So far, only Grayscale has caught on to it.
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Kusama FAQ

Currently, one Kusama is worth $14.6400. 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.
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.
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.
Check out our Kusama price prediction page to forecast future prices and determine your price targets.

Dive deeper into Kusama

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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Market cap
$246.90M #104
Circulating supply
16.84M / 16.84M
All-time high
$624.99
24h volume
$12.19M
3.9 / 5
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