Kusama

Kusama is a public Layer 1 blockchain that runs the same codebase as Polkadot, intentionally designed to serve as a live testing and development environment where new features are trialed under real economic conditions before being considered for deployment on Polkadot. It is aimed at developers and teams who want to build and experiment with parachain and relay-chain functionality in a setting that moves faster and with fewer restrictions than a fully production-grade network. Because experimentation is its stated purpose, Kusama accepts a higher tolerance for instability than a typical production blockchain.

Kusama operates as a Proof of Stake network, meaning validators are chosen to produce and finalize blocks based on KSM tokens they and their nominators have staked as collateral. KSM is the native token used to pay transaction fees, participate in on-chain governance, and provide the economic security that underpins the network through staking. The network has a block time recorded in the data as effectively zero minutes, reflecting its very fast block production relative to many other Layer 1 chains.

The data stored for Kusama does not include a measured fee revenue stream, so fee-based metrics such as protocol earnings or fee yield cannot be calculated from the figures on this page. What the data does show is that the circulating supply of 18,873,936.6134395 KSM represents approximately 99.99498 percent of supply issued at this point in time, and there is no maximum supply cap recorded. The dilution overhang is 0.0 percent and the ratio of fully diluted valuation to market capitalization is 1.0, meaning no meaningful additional supply is pending beyond what already circulates.