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About Klaytn

Klaytn is a global public blockchain platform developed by GroundX, a subsidiary of the South Korean IT giant, Kakao. Launched in June 2019, Klaytn strives to drive blockchain mass adoption by providing a seamless experience for both users and developers. The platform is known for its low transaction latency, enterprise-grade reliability, and a developer-friendly environment. Klaytn's native digital asset, KLAY, fuels and secures the protocol. The platform has generated over 1 billion transactions from more than 300 decentralized applications, making it a player in the Web 3.0 ecosystem.

Klaytn operates using an optimized version of Istanbul BFT consensus algorithm, which allows transactions to achieve absolute finality within a second. This feature enables responsive user experiences and supports use cases where near-instant and irreversible finality is necessary. Klaytn's unique governance structure includes a Governance Council, composed of global enterprises and DAOs, which forms a compact validator network. This network delivers the benefits of a decentralized public blockchain while maintaining the performance of a permissioned blockchain. Klaytn also utilizes a hub-and-spoke model for scalability, with service chains that can be customized for specific DApp requirements.

Klaytn's potential use cases span a broad array of sectors, from DeFi to real-world assets, entertainment, gaming, and even central bank digital currency (CBDC) pilot projects. Klaytn offers an end-to-end metaverse package that includes customized Layer 2 solutions, SDKs, smart contract libraries, IPFS solutions, wallets, chain explorers, oracles, and bridges. This package simplifies the process of building for the metaverse. Klaytn also supports Ethereum Virtual Machine (EVM) as one of the emerging standards for the metaverse and Web3, making it compatible with existing Ethereum clients and interfacing libraries.

Klaytn was developed and launched in June 2019 by GroundX, the blockchain subsidiary of Kakao, Korea's largest mobile platform. After two years in Korea, the Klaytn Foundation was established to accelerate global adoption and ecosystem maturity on Klaytn. The foundation manages the Klaytn Growth Fund and operates alongside Krust, a subsidiary of Kakao Corp that invests in projects built on Klaytn. Klaytn has become a globally competitive Web 3.0 ecosystem developed in South Korea.

Market

Market stats

Market cap

$627.8M

Volume (24h)

$11.2M

Circulating supply

3.6B KLAY

All time high

$4.38

Market performance

Price change (1h)

+0.66%

Price change (1d)

-2.26%

Price change (1w)

-0.37%

Price change (2w)

-11.56%

Price change (1m)

-29.26%

Price change (1y)

-16.01%

News about Klaytn

BeInCrypto • May 09, 24

Imminent Arrival of Stablecoins on Bitcoin, Hints Lightning Labs CEO

Lightning Labs is integrating stablecoins and tokenized assets into the Bitcoin network, supported by Bitcoin's Taproot upgrade, enhancing transaction efficiency and reducing costs.The post Imminent Arrival of Stablecoins on Bitcoin, Hints Lightning Labs CEO appeared first on BeInCrypto.

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The Block • May 09, 24

Solana-based tokenization platform AgriDex raises $5 million, plans token airdrop

AgriDex, a Solana-based platform focused on tokenizing agricultural commodities, has raised $5 million in a pre-seed funding round.

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CoinDesk • May 09, 24

Solana-Based Marketplace AgriDex Raises $5M to Tokenize Agricultural Industry

AgriDex brings agricultural commodities onto the blockchain by allowing crops to be bought on its marketplace with finalized deals backed by non-fungible tokens (NFTs).

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BeInCrypto • May 09, 24

Litecoin (LTC) Sees Breakout: Analyzing the Chances of a 27% Increase

Litecoin's price is noting a bullish breakout from the descending triangle reversal pattern which could send it at a 27% rally.The post Litecoin (LTC) Sees Breakout: Analyzing the Chances of a 27% Increase appeared first on BeInCrypto.

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BeInCrypto • May 09, 24

VanEck’s New MEMECOIN Index Soars by 195%, Outperforming Other Crypto Indices

VanEck launches MarketVector Meme Coin Index (MEMECOIN) Index tracking top 6 meme coins.The post VanEck’s New MEMECOIN Index Soars by 195%, Outperforming Other Crypto Indices appeared first on BeInCrypto.

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Blockworks • May 09, 24

AI has a monopoly on power and privacy. Blockchain fixes this.

Crypto and blockchain can provide a safer, fairer, more human-centric collaboration between AI and the rest of us

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Klaytn is on the decline this week.

The price of Klaytn has increased by 0.66% in the last hour and decreased by 2.26% in the past 24 hours. Klaytn’s price has also fallen by 0.37% in the past week. The current price is $0.17 per KLAY with a 24-hour trading volume of $11.22M. Currently, Klaytn is valued at 96.06% below its all time high of $4.38. This all-time high was the highest price paid for Klaytn since its launch.

The current circulating supply of Klaytn is 3,629,389,020.312 KLAY which means that Klaytn has as total market cap of 3,629,389,020.312.

FAQ

What is the current price of Klaytn?

We update our Klaytn to USD currency in real-time. Get the live price of Klaytn on Coinbase.

What is the market cap of Klaytn?

The current market cap of Klaytn is $627.82M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Klaytn?

The all-time high of Klaytn is $4.38. This all-time high is highest price paid for Klaytn since it was launched.

What is the 24 hour trading volume of Klaytn?

Over the last 24 hours, the trading volume of Klaytn is $11.22M.

What other assets are similar to Klaytn?

Assets that have a similar market cap to Klaytn include EOS, IOTA, Worldcoin, and many others. To see a full list, see our comparable market cap assets.

How many Klaytn are there?

The current circulating supply of Klaytn is 3.6 billion.

Can I buy Klaytn on Coinbase?

No, Klaytn is not currently available on Coinbase, but you can sign up to get the latest news on Klaytn and be notified when it gets added to our exchange.