CoinDesk • Apr 13, 22
Tether’s USDT Stablecoin Enters Polkadot Ecosystem With Kusama Launch
Kusama becomes the tenth blockchain to support USDT, which already has more than $80 billion in circulation.
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Kusama Price (KSM)
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Investment Risk
Market stats
Kusama is on the decline this week. ↘
The price of Kusama has increased by 0.43% in the last hour and decreased by 4.18% in the past 24 hours. Kusama’s price has also fallen by 8.90% in the past week. The current price is £9.39 per KSM with a 24-hour trading volume of £9.08M. Currently, Kusama is valued at 97.93% below its all time high of £454.16. This all-time high was the highest price paid for Kusama since its launch.
The current circulating supply of Kusama is 16,686,071.157 KSM which means that Kusama has as total market cap of £156,339,894.80.
Overall
Market cap
£156,339,894.80
Popularity
#172
Circulating
£16,686,071.16
Max Supply
Not enough data
Hold time
Not enough data
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Price & Volume changes
Volume (24h)
£9,081,455.56
↘ 22.49%
Volume (30D)
£307,543,887.69
Volume (7D)
£72,616,485.70
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
About Kusama
KSM is a cryptocurrency that powers Kusama, a protocol that enables cross-blockchain transfers of any type of data or asset. By uniting multiple blockchains, Kusama aims to achieve high degrees of security and scalability. KSM serves as the protocol’s governance token and can be used for staking to secure the network or to connect (“bond”) new chains. Kusama acts as a "canary" or experimental network for Polkadot (a separate protocol that shares the same codebase) in which developers can more quickly test new programs that can be deployed on both.
Kusama launched on Coinbase on June 2, 2022 at 4:29 PM
Additional info about Kusama
Networks and tags
Kusama:No contract address available;
substrate
polkadot
made-in-america
binance-listing
FAQ
Kusama, often referred to as "Polkadot's wild cousin," is an experimental blockchain platform that aims to provide a scalable and interoperable framework for developers. Built on Substrate, a blockchain building kit developed by Parity Technologies, Kusama shares a similar codebase with Polkadot, another interoperable blockchain. Kusama is designed to serve as a testbed for developers looking to innovate and deploy their own blockchain. It can also be used as a preparatory network before launching on Polkadot, although many projects choose to remain on Kusama for their final product. Kusama is designed to have a low barrier to entry for deploying parachains and is commonly used by early-stage startups and for experimentation.
Kusama operates on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system. This system allows it to perform rapid on-chain upgrades without a fork and support cross-chain message passing (XCMP) for communication with other parachains on the Kusama network. Kusama also features on-chain governance capabilities, which are decentralized and permission-less, allowing anyone with Kusama (KSM) tokens or parachain tokens to vote on their respective governance proposals. This on-chain governance procedure aims to facilitate a quicker pace of development for projects built on Kusama.
Kusama is primarily built for developers who aim to launch ambitious projects with a fast-evolving pace of development. It provides a platform for developers to test and deploy their own blockchain, making it a potential choice for projects that aim to start quickly. Kusama's interoperable and scalable nature aims to accommodate a wide range of use cases, including gaming and eSports, DAOs, marketplaces, oracles, music, and social networking. Developers can build their own app-specific blockchain and connect it to Kusama, breaking down the silos created by legacy blockchain networks.
Kusama was founded in 2019 by Dr. Gavin Wood, a world-renowned computer scientist and programmer who also co-founded Ethereum. The platform was built by the same team that created Polkadot, a company known as Parity Technologies. Parity Technologies has a team of experienced blockchain engineers and has over 100 employees spread throughout the world. Kusama is funded by grants from the Web3 Foundation, which was launched to help nurture and steward technologies and applications in the fields of decentralized web software protocols. The Web3 Foundation also supports Kusama with research and community development.
We update our Kusama to GBP currency in real-time. Get the live price of Kusama on Coinbase.
The current market cap of Kusama is £156.34M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Kusama is £454.16. This all-time high is highest price paid for Kusama since it was launched.
Over the last 24 hours, the trading volume of Kusama is £9.08M.
Assets that have a similar market cap to Kusama include Golem (Old), Golem, MX Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Kusama is 17 million.
Kusama ranks 212 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 93% of Coinbase users are buying Kusama. In other words, 93% of Coinbase customers have increased their net position in Kusama over the past 24 hours through trading.
Yes, Kusama is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Kusama guide.
Kusama Price History
Date | Price | Change |
|---|---|---|
Today (June 26, 2025) | £9.39 | -4.56% |
24 hours ago (June 25, 2025) | £9.84 | -4.18% |
1 week ago (June 19, 2025) | £10.51 | -8.90% |
1 month ago (May 26, 2025) | £13.59 | -30.30% |
1 year ago | £13.80 | -46.81% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Kusama Calculator
How much is 1 KSM?
Conversion Table
1 Kusama (KSM) to Japanese Yen (JPY)
¥1,862.81
1 Kusama (KSM) to Indian Rupee (INR)
₹1,105.07
1 Kusama (KSM) to Real (BRL)
R$71.02
1 Kusama (KSM) to Nigerian Naira (NGN)
NGN 19,937.08
1 Kusama (KSM) to South Korean Won (KRW)
₩17,475.31
Social
Some highlights about Kusama on social media
518 unique individuals are talking about Kusama and it is ranked #1,016 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Kusama has an average sentiment score of 83 out of 5. Finally, Kusama is becoming less newsworthy, with 2 news articles published about Kusama.
On Twitter, people are mostly neutral about Kusama. There were 41.73% of tweets with bullish sentiment compared to 7.23% of tweets with a bearish sentiment about Kusama. 58.27% of tweets were neutral about Kusama. These sentiments are based on 540 tweets.
On Reddit, Kusama was mentioned in 154 Reddit posts and there were 194 comments about Kusama. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
Contributors
518 people
Posts
294 posts
Dominance
0.04%
Volume rank
#1,016
Average Sentiment
83 out of 5
News Articles
2
Tweet Count
540 people
Sentiment
38.92%
Bullish
54.34%
Neutral
6.75%
Bearish
Posts
154
Comments
194
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Comparable market cap
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This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.