Kusama (KSM) Price

$14.16

Kusama (KSM) Price Today

The live price of Kusama is 14.16 USD. In the past 24 hours, the trading volume of Kusama was 8.9M USD, up by 2.40%. The current price has decreased by 0% from its 7-day high of - USD, and increased by 0% from its 7-day low of - USD. With a circulating supply of 16,859,059.78 KSM, the market cap of Kusama is currently 236.5M USD, down by -58.81% in the last 24 hours. Kusama currently ranks #178 by market capitalization among cryptocurrencies.

Kusama (KSM) Market Data

Market Cap

$238.8M

24h Volume

$8.9M

Circulating Supply

16.8M KSM

Maximum Supply

Fully Diluted Market Cap

$238.8M

Liquidity Indicator

3.74%

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About Kusama (KSM)

What Is Kusama (KSM) and How Does It Work?

Kusama (KSM) is a scalable, multi-chain network designed as Polkadot’s experimental “canary network.” Launched in 2019 by Gavin Wood and the Web3 Foundation, Kusama allows developers and projects to test new features, upgrades, and applications in a live economic environment before deploying them on Polkadot. Unlike traditional testnets, Kusama uses real KSM tokens, giving it a fully decentralized governance model and real-world value at stake. This makes it a high-risk, high-reward ecosystem ideal for early-stage innovations.

At its core, Kusama operates on a Relay Chain that provides security and consensus for connected parachains, independent blockchains that benefit from shared security and interoperability. It uses a Nominated Proof-of-Stake (NPoS) consensus mechanism, where validators secure the network and nominators back them by staking KSM. Kusama’s on-chain governance allows KSM holders to vote on protocol upgrades, treasury proposals, and parachain auctions, enabling faster decision-making compared to Polkadot. This flexibility has made Kusama a popular launchpad for DeFi apps, NFTs, and experimental blockchain solutions.

The KSM token is central to network operations, serving as a utility token for staking, governance, bonding parachains, and paying transaction fees. While Kusama has no fixed supply cap, its inflationary tokenomics encourage active participation in staking and governance. As of July 2025, Kusama continues to host a vibrant ecosystem of parachains and remains a key proving ground for innovations destined for the Polkadot network. However, its experimental nature also means higher technical risks and volatility, making it best suited for developers and early adopters willing to engage with bleeding-edge blockchain technology.

When Was Kusama Network Launched?

Kusama was launched in July 2019 by the Web3 Foundation under the guidance of Gavin Wood, co-founder of Ethereum and architect of Polkadot. Named after the coal mine “canary,” Kusama is Polkadot’s experimental “canary network,”a live, fully permissionless playground where real KSM tokens power staking, governance, decentralization, and parachain auctions.

Initially launched with a Proof‑of‑Authority (PoA) consensus setup, managed by Parity and Web3 Foundation, Kusama allowed early staking and intent signaling for validators. It transitioned to a Proof‑of‑Stake (NPoS) network in late October 2019, with the first validator rotation on October 28, 2019. Since then, the network has matured rapidly: it recovered from its first runtime incident in January 2020, implemented parachain auction functionality in June 2021, and now operates with nearly 1,000 validators securing the Relay Chain.

Kusama continues evolving as a high-speed incubator for Polkadot’s ecosystem. Its roadmap aligns closely with Polkadot’s, testing governance upgrades, nominator-optimizations, parachain slot improvements, XCM cross-chain messaging enhancements, and inflation model tweaks. As of 2025, key roadmap priorities include:

- Supporting next-gen consensus features (e.g., elastic scaling, validator optimizations).

- Launching ambitious parachain projects like Kintsugi (bringing Bitcoin to Kusama).

- Acting as a live proving ground for Polkadot’s upcoming “JAM” architecture and other ecosystem initiatives.

What Are the Key Uses for KSM Token?

The KSM token is the native utility and governance token of the Kusama network. It plays a central role in maintaining the network’s security, governance, and operations. KSM is used for staking to secure the network and earn rewards, participating in on-chain governance by voting on proposals and referenda, bonding parachains in auctions to secure a parachain slot, and paying transaction and network fees. It also enables nominators and validators to collaborate in Kusama’s Nominated Proof-of-Stake (NPoS) system, where nominators back trusted validators with their KSM holdings.

On BingX, you can easily trade KSM tokens on the spot market by logging into your account, selecting KSM/USDT or other available trading pairs, and placing a buy or sell order. The platform supports both market and limit orders, allowing you to execute trades at the best available price or your preferred entry point.

What Is Kusama Tokenomics?

Kusama (KSM) has an inflationary tokenomics model designed to encourage active participation in staking and governance. Unlike Polkadot, Kusama does not have a fixed maximum supply, allowing new KSM tokens to be minted annually at an estimated inflation rate of around 10%. This inflation rate dynamically adjusts based on the proportion of KSM staked on the network. If less than 50% of KSM is staked, a higher portion of inflation goes to the treasury, creating an incentive for holders to stake and secure the network.

KSM tokens were initially distributed in 2019 via an airdrop to early Polkadot (DOT) investors, at a 1:1 ratio. Additional KSM tokens are issued as staking rewards for validators and nominators and as rewards for participating in parachain auctions. The Kusama treasury also holds a significant reserve of KSM, which is governed by the community and allocated to fund ecosystem development, bounties, and proposals.

As of July 2025, Kusama has a circulating supply of approximately 16.7 million KSM, with inflation continuing to support staking incentives and treasury growth. This dynamic supply model ensures a balance between rewarding network participants and funding long-term development, while also encouraging active use of KSM rather than passive holding.

How Is Kusama Different From Polkadot?

Kusama and Polkadot share the same underlying architecture and codebase, but they serve very different purposes within the Web3 ecosystem. Kusama is often described as Polkadot’s “canary network” because it acts as a live testing ground for new features, upgrades, and applications before they are deployed on Polkadot. It has faster governance and upgrade cycles, allowing developers and communities to experiment in a real economic environment with lower barriers to entry. This makes Kusama ideal for early-stage projects, risk-takers, and those wanting to innovate rapidly without the stricter safeguards of Polkadot.

In contrast, Polkadot is designed for stability, security, and long-term scalability. It enforces more rigorous governance processes and longer development cycles to reduce risks for enterprise and mission-critical applications. While Kusama prioritizes speed and flexibility, Polkadot focuses on reliability and robust performance for projects ready for production. Together, they create a complementary ecosystem where Kusama pioneers new ideas and Polkadot offers a secure environment for mature, production-ready solutions.

How to Stake KSM Tokens on Kusama Blockchain

Staking KSM tokens on the Kusama blockchain is a way to support network security and earn rewards. Here’s a simple step-by-step guide:

1. Set Up a Wallet: Use a Kusama-compatible wallet like Polkadot.js, Fearless Wallet, or Nova Wallet. Create an account, back up your seed phrase, and transfer KSM tokens to your address.

2. Access Staking Features: Visit kusama.network or your wallet’s staking section. Connect your wallet to start staking.

3. Nominate or Validate

- Nominate: Pick up to 16 trusted validators to stake your KSM and earn rewards.

- Validate: Run a validator node (requires technical setup and uptime).

4. Bond KSM and Stake: Lock your desired amount of KSM, leaving a small balance for fees. Confirm and submit the transaction.

5. Earn Rewards: Rewards are paid roughly every 6 hours (each Kusama era). Claim them manually or set up auto-compounding if your wallet allows.

Kusama (KSM) FAQs

What Are Parachains and How Do Auctions Work on Kusama?

Parachains on Kusama are independent blockchains that connect to Kusama’s Relay Chain, benefiting from its shared security, interoperability, and scalability. Each parachain can be customized for specific use cases, such as DeFi, NFTs, or gaming, while still being able to communicate with other parachains and external networks via cross-chain messaging. This architecture allows developers to build highly specialized blockchains without having to secure their own validator network.

To launch a parachain, projects must secure a slot on the Kusama network through a parachain auction. These auctions use a candle auction format, where participants lock up KSM tokens (via crowdloans or their own funds) to bid for a slot lease lasting up to 48 weeks. The highest bidders at the end of the auction win the right to deploy their parachain. This process ensures fair allocation of limited slots while giving the Kusama community a chance to support projects they believe in by contributing KSM.

How to Store KSM Tokens Securely

The easiest way to store your KSM tokens securely is by keeping them on BingX. When you buy or deposit KSM on BingX, the platform manages the security of your funds with advanced measures like multi-signature wallets, cold storage solutions, and real-time monitoring. This option is convenient for active traders who want quick access to the spot market or plan to trade KSM frequently. However, for long-term holders, it’s recommended to consider additional security options outside of exchanges.

For maximum control, you can store KSM in a non-custodial wallet where only you hold the private keys. Popular choices include Polkadot.js Extension, Fearless Wallet, and hardware wallets like Ledger Nano S/X, which offer offline storage to protect against hacks. These wallets support staking, governance participation, and parachain crowdloans directly on Kusama. Always back up your recovery phrase securely and avoid sharing it online to ensure your KSM remains safe.

Is Kusama (KSM) a Good Investment?

Kusama (KSM) appeals to investors because of its role as Polkadot’s experimental “canary network,” which allows rapid innovation and testing of cutting-edge blockchain technologies. Its faster governance and upgrade cycles attract developers looking to deploy and refine their projects in a live environment. As a result, Kusama has become a launchpad for successful parachain projects, giving KSM holders opportunities to participate in crowdloans, staking, and governance decisions. This active ecosystem creates demand for KSM as both a utility and governance token, which can drive value as the network grows.

Additionally, Kusama benefits from being closely tied to Polkadot’s broader ecosystem, offering early exposure to technologies and projects before they scale to the main network. The ability to earn staking rewards, support promising parachains through crowdloans, and influence network upgrades makes KSM more than just a speculative asset, it gives holders a stake in the future of a fast-moving blockchain platform. However, its experimental nature also means higher volatility and risk, making it best suited for investors comfortable with innovation-focused projects.

Information source

Official Website

Whitepaper

Kusama (KSM) Price Converter

KSM to USD

1 KSM = $ 14.16

KSM to VND

1 KSM = ₫ 371,085.61

KSM to EUR

1 KSM = € 12.25

KSM to TWD

1 KSM = NT$ 423.41

KSM to IDR

1 KSM = Rp 232,194.48

KSM to PLN

1 KSM = zł 52.42

KSM to UZS

1 KSM = so'm 177,579.97

KSM to JPY

1 KSM = ￥ 2,093.56

KSM to RUB

1 KSM = ₽ 1,131.64

KSM to TRY

1 KSM = ₺ 576.32

KSM to THB

1 KSM = ฿ 459.89

KSM to UAH

1 KSM = ₴ 584.46

KSM to SAR

1 KSM = ر.س 53.14

Kusama Price Converter

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