Karura: DeFi hub on Kusama for innovative financial apps.
Karura is a DeFi hub on Kusama offering scalable, EVM-compatible financial applications, leveraging Kusama's fast, high-risk network for innovative, interoperable DeFi solutions bridging to Polkadot.
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What is Karura (KAR)?
Karura serves as the comprehensive DeFi hub for Kusama, established by the Acala Foundation. It is a scalable, EVM-compatible blockchain optimized for decentralized finance, offering a range of financial services such as trustless staking derivatives (liquid KSM), multi-collateralized stablecoins (kUSD) backed by cross-chain assets, and an AMM decentralized exchange with micro transaction fees payable in any token. Kusama, known as Polkadot’s more adventurous and faster cousin, provides a multi-chain environment for innovative experiments. While independent from Polkadot, Kusama shares a similar architecture but operates with quicker governance and higher risk tolerance. Launching on Kusama allows Karura to explore cutting-edge financial innovations with the security of Kusama’s network, h...
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Karura price live information
As of now, Karura is trading at 0.042 USD, with a 24-hour trading volume of approximately 14.87K USD. The KAR to USD price is updated in real time. Over the past 24 hours, Karura has increased by 6.33%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 4.90M USD. Currently, there are 116 666 660 KAR in circulation out of a maximum supply of 160 000 000 KAR.
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