Kusama
KSM #338Project Safety Score: 55%
Updated 48 minutes agoRecord
Health
Security
Behavioral
& Liquidity
Kusama is a public blockchain network that operates on the same codebase as Polkadot, serving as a testing ground for new features intended for the Polkadot network. Launched in 2019, it provides a faster developmental pace due to its experimental nature, allowing for real economic conditions while facilitating the testing of various functionalities.
The governance model of Kusama is decentralized, with the community maintaining control over the network. There is no central authority, and the network is designed to persist as long as the community actively participates in its upkeep. Kusama's primary use cases include allowing developers to experiment with projects and functionalities before deploying them on Polkadot.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Track Record (94/100):
Kusama has been operational for over six years without any regulatory actions or historical incidents, reflecting a strong track record.
Economic Design (75/100):
The network lacks a hard supply cap, which could lead to potential inflation. However, 100% of the total supply is currently in circulation, indicating a fully distributed tokenomics structure.
Developer Health (25/100):
The development activity is relatively low, with only 31 GitHub stars and 23 forks. Recent commit activity is limited, with just eight commits in the past four weeks, and there are 17 contributors to the project.
Network Security (62/100):
Kusama's market capitalization is approximately $86.87 million, which is considered low, potentially affecting its economic security. The network is 6.7 years old and has no recorded incidents, indicating a stable security history.
Social Behavioral (50/100):
The project has a significant social media presence, with 252,000 Twitter followers and 578 Telegram members. However, recent sentiment is predominantly negative, with 100% of social media posts being negative.
Adoption Liquidity (42/100):
Kusama is listed on 61 centralized exchanges, with 26 considered trustworthy. The 24-hour trading volume is $5.03 million, and the market capitalization is approximately $86.87 million.
Inherent Risk:
Kusama is subject to the same market-wide volatility as all crypto assets. Notably, the KSM token reached an all-time high of $621.71 on May 18, 2021, before experiencing a significant decline. This highlights the inherent risks associated with investing in cryptocurrencies.
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The audit report indicates a low-risk profile for Kusama, with a security score of 63%.
- ✓No regulatory actions or historical incidents
- ✓Fully circulating supply, no tokens held back
- ✓Significant social media following with active community
- ✗Low economic security
- ✗No hard cap on total token supply
- ✗No hard supply cap, potential inflation risk
- ✗Low developer activity, limited recent commits
- ✗Predominantly negative social media sentiment
Price Chart - Kusama
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