Klaytn Price

(KLAY)
USD($)
HAPI (HAPI) Live Price Chart

Klaytn Live Price Data

The live price of Klaytn is $0.2282, with a total trading volume of $ 48,349 in the last 24 hours. The price of Klaytn changed by +1.42% in the past day, and its USD value has increased by +0.83% over the last week. With a circulating supply of 3.49B KLAY, the market cap of Klaytn is currently 797.73M USD, marking a --% increase today. Klaytn currently ranks #76 in market cap.
How do you feel about Klaytn today?
Note: This data is for reference only.
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Klaytn(KLAY) Profile

altRank76
rateBB
Expand
Contract
Klaytn 0x000000...000
Audited By
Quantstamp
Code & Community
Investors
--
$0.2237
$0.2354
$4.3800
-0.30%
+1.42%
+0.83%
$797.73M 
$48,349 
3.49B
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About KLAY

How can I buy Klaytn (KLAY)?

Buying KLAY on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Klaytn (KLAY) for more information.

What is Klaytn (KLAY) Crypto?

Klaytn is an EVM Layer-1 blockchain designed to support scalable metaverse and Web3 projects created by South Korean company Kakao. The metaverse blockchain, as it calls itself, is an open-source, public blockchain built as the fundamental trust layer for the metaverse.

KLAY is the native token of the Klaytn protocol and is used to pay transaction fees during the creation or execution of smart contracts or when users transfer payments on the Klaytn network. It also serves as an incentive token, a reward for network participants who contribute resources to keep the blockchain operational.

The Klaytn blockchain aims to offer high throughput of up to 4,000 TPS (transactions per second) and a transaction finality time of one second to generate new blocks. In addition, the network enjoys meager transaction fees, making it an efficient and cost-effective platform. Klaytn supports EVM and offers an attractive platform to developers for deploying Ethereum-compatible dApps.

The Klaytn ecosystem comprises dApps acrossDeFi,NFTs,gaming,DAOs, enterprise applications, infrastructure, oracles, launchpads, bridges, decentralized storage, and Layer-2 solutions. In addition, Klaytn offers high levels of scalability through support for interoperability with other blockchain ecosystems and Klalytn Layer-2 chains.

How Does Klaytn Work?

Klaytn consists of three logical subnetworks with different roles and purposes working together:

Core Cell Network (CCN)

The CCN consists of Core Cells (CCs) responsible for validating and executing network transactions and creating new blocks on the network. The transactions are submitted by Endpoint Nodes (ENs).

Endpoint Node Network (ENN)

The ENN is made up of ENs that create transactions. In addition, Endpoint Nodes handle RPC API requests and process data requests from service chains on the Klaytn ecosystem.

Service Chain Network (SCN)

SCNs are auxiliary blockchains to the Klaytn network independently operated by dApps. They connect to the main network through ENs.

The mainnet of Klaytn utilizes a combination of the CCN and ENN and is called Cypress. Cypress runs decentralized applications on it. dApps can also run their own Service Chains that give them a dedicated execution environment with high TPS and customization of network policies.

What is KLAY Token Used For?

The KLAY token is the native digital asset of the Klaytn ecosystem. It serves the following purposes:

Pay Transaction Fees

Users who utilize the Klaytn blockchain to transfer payments pay transaction fees in KLAY tokens. In addition, smart contracts also use KLAY to pay fees when they are created or executed within the network.

Reward Nodes

Consensus nodes (CNs) and resource nodes (RNs) receive rewards in KLAY crypto for their contributions. CNs are responsible for validating transactions and creating new blocks in the network. RNs provide decentralized computing resources to the blockchain and are paid for their efforts using KLAY coins.

Governance Token

Klaytn 2.0, or the updated version of the Klaytn blockchain, will use a stake-based system, letting KLAY holders stake their tokens to participate in governance to offer higher reliability and data consistency. The ‘Klaytn Governance Council will expand to include more KLAY holders, implementing a greater level of decentralization and eventually adopting a DAO model to decide on the future upgrades via Klaytn improvement proposals and development of the ecosystem.

Crypto Asset to Trade and HODL

The KLAY crypto is among the top digital assets by market capitalization and enjoys high trading volume and liquidity on platforms where it is listed. You can buy or sell KLAY against other cryptocurrencies or hold it if you believe in the long-term potential of the Klaytn project. Check the Klaytn price, KLAY live market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the KLAY price chart before you trade Klaytn.

Earn Passive Income

You can lend liquidity for KLAY on supported exchanges and platforms to earn attractive interest. This strategy is excellent for long-term holders, offering you a way to put your crypto to work and generate revenue.

History of Klaytn and KLAY Coin

The Klaytn blockchain was created and developed by a subsidiary of South Korea-based company Kakao called GroundX. Kakao is a well-established, multi-service company in the Asian country and decided to diversify into the crypto space following the market’s bull run in 2017.

Kakao’s blockchain subsidiary GroundX launched the Klaytn network in June 2019. The company also set up the Klaytn Growth Fund to provide capital for the maintenance and development of the blockchain’s technology.

Singapore-based nonprofit organization Klaytn Foundation manages this fund and is also responsible for global business expansion and driving up the adoption of the blockchain ecosystem by projects and developers. In February 2022, the Klaytn Foundation released the light paper on Klaytn 2.0, proposing an upgrade to the blockchain with an increased focus on the metaverse.

Klaytn 2.0 will also increase the focus on growing Klaytn's data guarantee and the blockchain’s ecosystem for Web3 applications among leading global enterprises, developers, and end users. In addition, the developers will also look to increase the role of the decentralized community in the network's governance.

Klaytn (KLAY) Price Movements ($)
PeriodChangeChange (%)
Today$0.00371.65%
7 Days$0.00311.37%
30 Days$0.032216.37%
3 Months$-0.0168-6.84%
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Klaytn Conversion Rate
  • 1 KLAY to USD$0.2282
  • 1 KLAY to EUR€0.21089308
  • 1 KLAY to AUD$0.34764901
  • 1 KLAY to KRW₩303.73
  • 1 KLAY to JPY¥34.34
  • 1 KLAY to GBP£0.18007627
  • 1 KLAY to INR₨18.91
  • 1 KLAY to IDRRp3,558.73
  • 1 KLAY to CAD$0.30828223
  • 1 KLAY to RUB₽21.3

FAQ

How much is 1 Klaytn (KLAY) worth?
KuCoin provides real-time USD price updates for Klaytn (KLAY). Klaytn price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time KLAY to USD exchange rates.
How Much is Klaytn (KLAY) Worth?

You can find the current price of Klaytn in the KLAY price statistics section at the top of this page. As of August 2022, KLAY price is trading well below its all-time high of above $4.

While it is impossible to offer an accurate Klaytn price prediction over any duration, supporting fundamentals and sentiment could take the price of Klaytn back to the ATH and possibly above it. A risk-on sentiment in global financial markets could increase investor confidence in cryptocurrencies and take KLAY higher. In contrast, negative sentiment could have the opposite effect on the value of Klaytn crypto.

Is Klaytn (KLAY) a Good Investment?

Klaytn could be a good crypto asset to invest in as solid fundamentals back it. It is one of three blockchain networks that have partnered with the leading NFT marketplace OpenSea, establishing its prominence in the NFT space.

The Klaytn price could experience an uptrend as activity in OpenSea ticks higher in the future. In addition, KLAY price statistics could also enjoy support from the rising adoption of the Klaytn ecosystem by more dApps in DeFi, metaverse, NFT, and other sectors.

The Klaytn project is backed by profitable brands that have partnered with the blockchain to foster innovation in its ecosystem. An increase in more partnerships with named brands could also power the Klaytn price in the future and set it up for a rally.

Bullish sentiment among crypto investors could further support the Klaytn price in the future. A positive mood in the market encourages buying activity in KLAY and other crypto assets, offering more support for the KLAY price.

How to Stake Klaytn Token

You can stake KLAY token on several exchanges and DeFi platforms that offer this service. Here, we take a look at staking KLAY on Klaystation, the official staking tool based on the Klaytn blockchain:

1. Create an account on Kaikas - the official wallet of Klaytn developed by GroundX.

2. Add KLAY tokens to your wallet by buying KLAY on KuCoin or other supported platforms. Withdraw the tokens from your exchange to your Kaikas wallet by entering your wallet address.

3. Create an account on Klaystation and link your Kaikas wallet to the DeFi platform. You can do this via the Dashboard button in your Klaystation interface.

4. Look for the Stake Now button in the Dashboard and click on it to open a pop-up window.

What is the all-time high price of Klaytn (KLAY)?
The all-time high price of Klaytn (KLAY) is $4.3800. The current price of KLAY is down 0.95% from its all-time high.
What is the all-time low price of Klaytn (KLAY)?
The all-time low price of Klaytn (KLAY) is $0.0573. The current price of KLAY is up 2.98% from its all-time low.
How much Klaytn (KLAY) is there in circulation?
As of 2 25, 2024, there is currently 3.49B KLAY in circulation. KLAY has a maximum supply of --.
What is the market cap of Klaytn (KLAY)?
The current market cap of KLAY is $797.73M. It is calculated by multiplying the current supply of KLAY by its real-time market price of $797.73M.
How do I store Klaytn (KLAY)?
You can securely store your Klaytn in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your KLAY include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Cardano (ADA) to cash?
You can instantly exchange your Cardano (ADA) for cash using KuCoin's Fast Trade feature. This feature enables you to convert ADA to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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