Kusama describes itself as a permissionless blockchain network that is not controlled by any single operator. Its pages make no dated promises we could check. It trades at $3.87, #344 of all coins by size, 99% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #95 of 442 smart contract platforms. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: a platform other apps build on
- ✓Real backingBacking: backed by Pantera Capital; in the Coinbase 50 Index; trades on Coinbase, Crypto.com, Kraken
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $72.83M, 92 times smaller than Stellar, the biggest coin within reach doing the same thing (Smart Contract Platform)
Backed by Pantera Capital
- Origin14 January 2020about about 6 yearsTagged Made in USA on CoinGeckokusama.network, GitHub
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingPantera CapitalInvestor tags from CoinGeckoIndex: Coinbase 50 IndexListed on Coinbase, Crypto.com, Kraken, Binance
- Standing on the recordNo recordNo dated promise to judge yet5 headlines last month117,117 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in Smart Contract Platform ($17.38M). To match the leader, Stellar ($6.68B), its price would need to rise 9069%, to about $354.83.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Only 5 headlines named it last month
- Years younger than the group's leader
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A platform other apps build on
35 coins we checked say they are for a platform other apps build on, worth $393.62B together. #33 of 35 by worth.
Smart Contract Platform: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Kusama$72.83Mthis coin−3.3%no maxnone dated
Stellar$6.68B91.7× bigger, +$6.6B+3.8%, gap +7.2no max0 of 20 delivered
Bitcoin Cash$4.43B60.8× bigger, +$4.36B−0.8%, gap +2.596% outno record
Litecoin$4.08B56.0× bigger, +$4.01B−2.6%, gap +0.792% outno record
Canton$3.75B51.6× bigger, +$3.68B−0.7%, gap +2.7no maxno record
Gram (prev. Toncoin)$3.73B51.2× bigger, +$3.66B−0.8%, gap +2.6no maxnone dated
Hedera$3.36B46.1× bigger, +$3.28B−0.0%, gap +3.388% out7 of 14 delivered
Avalanche$3.3B45.3× bigger, +$3.23B+1.0%, gap +4.361% out0 of 1 delivered
Smart Contract Platform: this coin next to Stellar, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Kusama says
- Kusama describes itself as a permissionless blockchain network that is not controlled by any single operator.
- Stellar says
- Stellar says it is a public blockchain that lets anyone build payment experiences that feel more like using cash than typical cryptocurrency.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
Kusama describes itself as a permissionless blockchain network that is not controlled by any single operator.
Its listing puts it this way: Kusama is a public blockchain network that is running the exact same codebase as Polkadot. It is aimed to be a canary build for the Polkadot network which is an experimental and development environment for new features that will eventually be deployed to Polkadot.
Problem it says it solves: a platform other apps build on. 52 coins we have checked say the same; together they are worth $408,727,547,844.
Where it trades: Coinbase, Crypto.com, Kraken, Binance, OKX
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Smart Contract Platform: this coin next to the group's largest, Stellar.
| Kusama | Stellar | |
|---|---|---|
| Years trading | 7 years | 12 years |
| Major exchanges | 7 | 10 |
| Named backers | 1 | 0 |
| Headlines, last month | 5 | 87 |
| Promises delivered | no record | 0 of 20 |
What it says is different: Kusama is a public blockchain network that is running the exact same codebase as Polkadot. It is aimed to be a canary build for the Polkadot network which is an experimental and development environment for new features…
It is 1.1% the size of Stellar. On the facts above it is behind on years trading, major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $621.71 on 17 May 2021. Today is 1% of that.
100%
of all KSM that will ever exist is already out in public hands: 18.83M coins.
0% (604 coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 18.83Min circulation of 18.83M total. No hard maximum is set, so more can be created.
- of its all-time high of $621.71 on 17 May 2021. That is −99.4% from the top.
- #344by market cap, $72,828,848.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Headlines per day, last 30 days
5 headlines named this coin in the last month.
What they were about
- Upgrade1
- Moonriver Jumps 89% In 24 Hours As Kusama Parachain Draws Fresh Trader Attention
- Moonriver Jumps 89% In 24 Hours As Kusama Parachain Draws Fresh Trader Attention
- Shiba Inu Profile Update: Is Kusama Hinting at a Beta Launch?
- Moonriver Jumps 89% In 24 Hours As Kusama Parachain Draws Fresh Trader Attention
- Shiba Inu major announcement expected by month-end as ambassador return draws attention
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
Kusama describes itself as a permissionless blockchain network that is not controlled by any single operator.
“This is Kusama - wild, permissionless, fully sovereign.”source · snapshot · captured 2026-09-10
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
Others in smart-contract platforms: Internet Computer 20 of 23, Ethereum 15 of 20, Ozone Chain 13 of 30, Starknet 10 of 24, and 29 more.No public code repository is listed in this record.
The project's homepage page last changed on 13 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.