🚨 In case you missed it — here are the biggest @Polkadot updates from last week! 👇
1⃣ DOT is now usable at 20M+ merchants across Southeast Asia! @AEON_Community is integrating DOT into AEON Pay, their Web3 mobile payment app.
A huge leap for DOT utility & mainstream adoption!
2⃣ Elastic Scaling is set to launch in early July!
All features are built — just waiting on the final runtime upgrade.
3⃣ Migration alert!
@kusamanetwork migrates Aug 15.
@Polkadot follows mid-Sept.
DOT reserve location moves from Relay Chain → AssetHub (asset ID unchanged).
Parachains must update XCM paths early!
4⃣ RFC-0146 PASSED!
80% of tx fees on Polkadot Relay Chain & system parachains (like Polkadot Hub) will now be burned.
Only 20% goes to validators & collators.
Deflationary pressure kicking in.
5⃣ @gavofyork on network states:
“A network state without territory can’t be sovereign.”
Rules, language, real-world anchor — that’s what makes a state.
Is Polkadot Palace the first Web3 nation in the making?
6⃣ A 922.57 DOT Coretime deal sparked debate:
Polkadot offers top-tier blockspace at low cost — but is Coretime undervalued?
Is the core product of Polkadot’s biz model being priced too cheap?
And Gavin says, Coretime is the pillar of Polkadot’s economy — we must sell it well.
7⃣ GIGAETH may launch June 30!
8⃣ GIGAHydration incentive kicks off June 27 — 200 DOT up for grabs!
9⃣ @EnterTheMythos’ Mythos chain raked in $1.6M in L2 fees over 30 days — 13.8% of total!
Ahead of OP Mainnet ($1.1M).
🔟 Polana: Reviving Solana on JAM with full compatibility.
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Great cook🧑🍳
2x profit from my call on $KSM
TG eating good
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Bought a bag
Narrative: Musk's new name
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$KSM
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Alice und Bob
Smart contracts rollout on Kusama!
OMG! OMG! OMG! We just got the notification that the 1.6 runtime upgrade ref was started on Kusama.
It will bring the highly awaited smart contract functionality to Kusama Hub.
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Santiment and reposted
Santiment
🧑💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's rank rise or fall since last month:
📈 1) @dfinity $ICP 🥇
📉 2) @chainlink $LINK 🥈
📉 3) @starknet $STRK 🥉
📉 4) @cardano $ADA
➡️ 5) @polkadot $DOT
📉 T5) @kusamanetwork $KSM
📈 7) @optimism $OP
📈 8) @deepbookonsui $DEEP
📉 9) @suinetwork $SUI
📈 10) @ethereum $ETH
📖 Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto research, investing, and trading:
The current price of Kusama is $12.8200. Over the last 24 hours, Kusama has increased by +0.55%. It currently has a circulating supply of 16,670,315 KSM and a maximum supply of 16,670,315 KSM, giving it a fully diluted market cap of $214.05M. At present, Kusama holds the 64 position in market cap rankings. The Kusama/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
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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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 990 new posts about Kusama, driven by 459 contributors, and total online engagement reached 153K social interactions. The sentiment score for Kusama currently stands at 75%. Compared to all cryptocurrencies, post volume for Kusama currently ranks at 3622. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Kusama.
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Posts
990
Contributors
459
Interactions
153,250
Sentiment
75%
Volume rank
#3622
X
Posts
501
Interactions
107,964
Sentiment
72%
Kusama FAQ
What is KSM?
Kusama is Polkadot's sister network with specialized blockchains built using Substrate. It provides a testing ground for developers to deploy new projects with a faster governance cycle. Projects can also choose to use Kusama or Polkadot as their primary environment. Many choose to run parachains on both, with Kusama as a pre-production environment. KSM is the native token of Kusama. Holders of KSM, along with an elected council, make governance decisions in a democratic process.
How does KSM's slot booking work?
Developers can rent space at a low cost to build projects on Kusama using slots allocated in three ways. First, users can book them through a permissionless auction by locking up their KSM tokens for a specified period. Smaller projects that may not be able to inhabit an entire parachain can opt for parathreads, a smaller version of parachains with the same API but executed on a pay-as-you-go basis with an auction for each block.
What is the KSM price prediction?
While it’s challenging to predict the exact future price of KSM, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is 1 Kusama worth today?
Currently, one Kusama is worth $12.8200. 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.
What is cryptocurrency?
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.
When was cryptocurrency invented?
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.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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