Karura Logo

Karura KAR

Karura header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$0.60 +1.2%
Market Cap
$38.96M (#470)
Supply
64.72M / 100.00M
Tags
Price
52W High price $12.91
52W High date 16th Sep 2021 (8 months ago)
All Time High (ATH) Date 16th Sep 2021 (8 months ago)
ATH Price $13.20
% From ATH -95.7%
All Time Low (ATL) Date 20th May 2022 (4 days ago)
ATL Price $0.54
% From ATL 4.32%
Supply & Trading Volume
Volume (24h) 2.23M
Total Supply 100.00M
Max Supply 100.00M
Circulating Supply 64.72M
Description

Karura (KAR) Is a decentralized financial hub of Kusama, which is a scalable, multichain network for early-Polkadot deployments.

Karura (KAR) Is a decentralized financial hub of Kusama, which is a scalable, multichain network for early-Polkadot deployments.

This is an all-in-one decentralized finance (DeFi) platform intended to help users swap, borrow, lend, and earn while only paying micro gas fees.

Karura offers multiple solutions, including a trustless taking derivative liquid KSM, a multi-collateralized stablecoin which is fully backed by cross-chain assets (kUSD), and an automated market maker (AMM) decentralized exchange (DEX).

Additionally, Karura also launched as a sustainable token economic model, on-chain treasury, and the Decentralized Sovereign Wealth Fund (dSWF) with the goal of promoting the sustainable development of communities and networks.

Karura has a solid technical infrastructure as well and adopts the new Acala EVM, which is compatible with Ethereum whilst losing none of the functionality behind Substrate.

The KAR Token Explained

KAR is the native cryptocurrency utility token that powers the decentralized finance (DeFi) hub of Kusama. It powers the micro gas fees and smart contract execution. It is also used as an incentive to network nodes with the goal of getting them to monitor and relay messages to Kusama.

In terms of governance, KAR empowers the community to vote, elect council members and drive the development of Kurara further.

Then you have algorithmic risk adjustment, which auto-adjusts risk parameters such as interest rates or collateral ratios.

KAR is also used for smart contract deployment, which enables teams to employ new decentralized applications (dApps) and smart contracts on Karura’s platform after staking KAR. Additionally, KAR is a utility token with a fixed supply of 100,000,000, all of which is minted at the genesis block in its launch.

Features of Karura

Kusama has been described as a quicker version of Polkadot. This is due to the fact that Kusama and Polkadot are both independent of one another and are standalone networks built in the exact same way. Kusama has faster governance parameters as well as a higher level of risk tolerance.

Through launching on Kusama, Karura delivers decentralized financial products as well as stable assets on Kusama’s entire ecosystem of networks.

You can essentially stake your KSM for LKSM, which will give you the opportunity to earn rewards without sacrificing any liquidity. You can essentially stake any amount of KSM and unstake without waiting.

Then you have the Karura Dollar, which is the aforementioned stablecoin backed by cross-chain assets. It is stable with a value that is relative to the US Dollar.

Founders of Karura

The Acala Foundation founded Karura. It is a scalable, EVM-compatible network that is optimized with decentralized finance (DeFi) in mind. It offers a suite of financial applications. In terms of the team itself, we have Ruitao Su, the Co-founder & CEO of Karura, who is also the CEO of Laminar Protocol.

Then there's Fuyao Jiang who is the Co-founder of Karura as well as the Founder of Polkawallet. Bette Chen is another co-founder and COO of Karura and the COO at Laminar. There’s also Bryan Chen who fills the role of CTO of Karura.

1.1 Insights (beta)

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2. Price

KAR/USD

2.1. Market Performance

How does Karura's (KAR) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-60.0%

KAR

-45.7%

Similar Market Cap

60 Day Return

-59.0%

KAR

-46.3%

Similar Market Cap

3. Developer Activity

We're monitoring 94 Karura GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Karura Repos)

Commits vs. The Market

  • Past 4 weeks: 385 commits vs. an average of 2
  • Past 12 weeks: 1,339 commits vs. an average of 28
  • Past year: 7,164 commits vs. an average of 486

Most Active Repos

Past week 0
Past 12 weeks 145
Past year 2901
Past week 151
Past 12 weeks 329
Past year 1556
Past week 60
Past 12 weeks 338
Past year 1009
Past week 0
Past 12 weeks 12
Past year 845
Past week 0
Past 12 weeks 0
Past year 725
Past week 66
Past 12 weeks 223
Past year 664

Top Developers 2022

In total, 631 developers have contributed to Karura over the past year. Who are the most active Karura developers, by commits, over the past year?

Related Projects

Developers working on Karura also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users 34,780
Twitter followers 261,295
5. News
6. Investment

Investors

Who are the funds and individuals that invested in Karura?

Funding Rounds

Karura has raised $69.7M across 4 funding rounds, between March 2020 and September 2021.

Amount / Round Date Investors
$61.0M / ICO 8 months ago -
- / - 1 year ago 1
$7.3M / Series A 1 year ago 16
$1.4M / Seed 2 years ago 8
$61.0M / ICO 8 months ago -
- / - 1 year ago 1
$7.3M / Series A 1 year ago 16
$1.4M / Seed 2 years ago 8
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://acala.network/karura
Twitter @AcalaNetwork

Has Karura been audited for security?

No security audits found for this project.

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