Kusama (KSM)
Kusama is a public blockchain network closely linked to Polkadot and built from the same underlying technology stack. It is often described as Polkadot’s canary network: a live environment where new features, governance changes, runtime upgrades, and parachain projects can be tested under real economic conditions before similar ideas are considered for deployment on Polkadot. Unlike a conventional testnet, Kusama uses a market-traded native token, KSM, and has its own independent community, validators, governance process, and ecosystem.
The network is designed for speed and experimentation. Kusama typically moves faster than Polkadot, with shorter governance and upgrade cycles, making it attractive to teams that want to launch early, iterate publicly, and test blockchain applications in a production-like setting. This higher flexibility also comes with higher risk: features may be less conservative, and projects using Kusama often accept a more experimental environment in exchange for faster access to infrastructure and users.
KSM plays several roles within the network. It is used for staking by validators and nominators who help secure the relay chain, for participating in on-chain governance, and historically for supporting parachain slot activity. Kusama’s architecture supports specialized blockchains, known as parachains, that connect to the relay chain and can be tailored for use cases such as DeFi, identity, gaming, smart contracts, and cross-chain applications.
What distinguishes Kusama is its position between testnet and mainnet. It is not merely a staging area for Polkadot, but a community-owned network with its own economic incentives and culture. For developers and users, Kusama serves as a proving ground for ambitious Web3 infrastructure and early-stage blockchain products.
Last updated
- Market Cap
- $72M
- Fully Diluted Valuation
- $72M
- 24 Hour Trading Vol
- $50.2M
- Circulating Supply
- 18.3M
- Total Supply
- 18.3M
- Max Supply
- —
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- Market Cap
- $72,031,831
- Fully Diluted Valuation
- $72,031,831
- 24 Hour Trading Vol
- $50,183,591
- 24h High
- $4.21
- 24h Low
- $3.73
- 24h Change
- -4.88%
- 7d Change
- -10.47%
- 30d Change
- -19.39%
- 1y Change
- -76.19%
- Market Cap Rank
- #353
- Market Cap Rank (rehypothecated)
- #468
- Circulating Supply
- 18,311,839
- Total Supply
- 18,311,839
- Max Supply
- —
- All-time high
- $621.71 (-99.37%) · 18 May 2021, 10:34 am
- All-time low
- $0.876572 (+349.68%) · 15 Jan 2020, 12:50 am
- Website kusama.network
- Block explorer assethub-kusama.subscan.io
- X / Twitter twitter.com/kusamanetwork