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Kusama
More Detail
$0
+4.13%
Total dollar volume24H
$10,891,318
High24H
15.26 USDT
Low24H
14.5 USDT
Market Cap
#183$251,624,170
FDV
$251,626,031
Market Cap / FDV Ratio
1.00
Turnover rate
4.33%
Circulating supply
16,630,811
Total supply
16,630,934
Max supply
∞
All time high
625 USDT
All time high date
May 18, 2021
Down from All time high
-97.58%
Cycle low
11.35 USDT
Cycle low date
Apr 07, 2025
Up from cycle low
33.30%
Official links
Website
White paper
Socials
Twitter
Reddit
Introduction

Kusama is an experimental blockchain network built using the same codebase as Polkadot and designed as a high-risk, high-reward environment to test new features before deploying them on Polkadot. Known as Polkadot’s “canary network,” Kusama allows developers to move quickly, experimenting with features and governance processes under real economic conditions. By supporting parallel blockchains, known as parachains, Kusama offers scalability and interoperability, making it ideal for projects that aim to connect with other blockchains or explore cross-chain functionality.

The network relies on a robust governance structure where KSM token holders participate directly in decision-making. Kusama operates on a Nominated Proof of Stake (NPoS) system, enabling token holders to nominate validators who secure the network and earn rewards. Its governance process is community-driven, allowing participants to propose, vote on, and implement changes. This structure helps Kusama remain adaptable and responsive, enabling rapid iterations without the constraints often found on main networks like Polkadot.

Since its launch, Kusama has become a preferred platform for blockchain startups and developers due to its lower economic barriers and fast-paced environment. Many projects, such as Statemine and Karura, have used Kusama as a testing ground before transitioning to Polkadot. With a lower cost for securing parachain slots, Kusama fosters an innovation-friendly ecosystem where developers can refine their projects before launching on more stable networks like Polkadot.

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