Non Tradeable on PrimeXBT
Klayth KLAY price for today is US Dollars. It has market capitalization of and a trading volume of over the last 24h. Current circulating supply of Million coins.
Prices provided by TradingView are for reference only and are indicative. For accurate and real-time pricing, please refer to our trading platform.
Follow this real-time Klayth price chart to speculate on the price movements of the KLAY/USD pair. With this convenient live chart, you can view the current KLAY/USD price, analyze the price dynamics, trace historical KLAY to USD exchange rates, build your trading strategy, and trade Klayth with leverage on PrimeXBT.
Klaytn (KLAY) is a public blockchain platform that is designed to support large-scale applications and enterprises. Developed by the internet giant Kakao Corp., Klaytn is tailored to offer reliable and scalable blockchain solutions for decentralized applications (dApps).
The KLAY token is the native digital asset of the Klaytn ecosystem, and it plays a crucial role in powering the network’s governance, transaction fees, and other operational aspects.
Klaytn was launched in 2019 by Ground X, a subsidiary of Kakao Corp., Korea’s largest mobile platform. The Klaytn network was created to address the challenges faced by existing public blockchains, such as scalability, transaction speed, and user adoption.
With its roots in blockchain technology, Klaytn aimed to revolutionize enterprise-level adoption of decentralized solutions.
The project has seen rapid growth, especially in Asia, and is now expanding globally. Through its Klaytn Foundation, the project is focused on expanding its ecosystem, collaborating with industry titans, and fostering innovation.
The price of Klaytn (KLAY) has experienced significant volatility since its launch. In its early days, the KLAY token saw a rapid surge, followed by periods of consolidation.
KLAY reached its all-time high during the 2021 cryptocurrency boom. At its peak, Klaytn's price surged to over $4 USD per token. To be precise, the highest-ever price was $4.34 93.7% on March 30, 2021.
However, the price also experienced a sharp decline during market corrections. The lowest price recorded for Klaytn occurred in 2019, shortly after its launch, when it hovered around $0.1 USD.
Klaytn aims to solve the scalability issues of traditional blockchains by providing exponential scalability. By utilizing a hybrid consensus mechanism that combines the best of both public and permissioned blockchains, Klaytn ensures both security and performance.
The platform supports the Ethereum Virtual Machine (EVM) and boasts a compact validator network, enhancing the speed of transaction processing.
It is especially useful for industries that need high data consistency, such as finance, gaming, and supply chain management.
The Klaytn governance council is a key part of Klaytn’s decentralized ecosystem. The governance council rewards participants for securing the network, validating transactions, and taking part in important protocol decisions.
The governance council members include leading global enterprises like Kakao Corp., Japan's GMO Internet Group, and other industry giants.
The governance council model ensures that Klaytn maintains high levels of decentralization, while also providing the scalability and security required by enterprise applications. This unique governance model helps the Klaytn blockchain avoid the pitfalls of other public blockchains by improving data consistency and reliability.
The Klaytn Foundation has launched various initiatives, including the Klaytn Growth Fund, to support the development of decentralized applications (dApps) on the Klaytn blockchain. The foundation actively fosters innovation, focusing on increasing global adoption and expanding the ecosystem.
Klaytn’s ecosystem includes various projects ranging from mobile gaming giants like Netmarble to decentralized finance (DeFi) applications. The Klaytn network also supports decentralized identity (DID) solutions, supply chain management, and more.
The Klaytn protocol is designed to combine the benefits of public and permissioned blockchains. By incorporating a hybrid model, Klaytn offers faster transaction speeds and increased scalability. The platform enables transactions with high throughput while maintaining security and reliability.
Klaytn also supports Ethereum improvement proposals (EIPs), ensuring that it remains compatible with the broader Ethereum ecosystem. The network's primary consensus mechanism, Proof-of-Authority (PoA), is one of the main contributors to its high scalability and low transaction fees.
The Klaytn Improvement Reserve (KIR) is a fund dedicated to driving the continuous development and enhancement of the Klaytn ecosystem. Managed by the Klaytn Foundation, the reserve plays a crucial role in financing key infrastructure projects, protocol upgrades, and ecosystem expansion efforts.
The KIR ensures that the network can evolve to meet the needs of its growing user base, fostering innovation and maintaining the platform’s scalability and security.
Through the KIR, the Klaytn Foundation supports developers, enterprises, and projects that contribute to the ecosystem's growth.
This fund is integral in accelerating global adoption and ensuring the long-term success of the Klaytn blockchain as it competes in the rapidly evolving decentralized technology space.
Klaytn’s data guarantee is a key feature of its blockchain platform. It ensures the reliability and consistency of data across its decentralized network by providing verifiable data integrity and ensuring that all transactions are securely recorded and immutable.
Klaytn's unique features include:
Exponential scalability: Klaytn enables thousands of transactions per second, making it ideal for mass adoption.
Data consistency: Klaytn's commitment to reliability and data consistency ensures secure and accurate transactions.
Compact validator network: The network's compact validator system enhances performance without sacrificing decentralization.
EVM support: Klaytn supports Ethereum’s EVM, making it compatible with existing Ethereum clients.
These features make Klaytn a preferred blockchain for businesses looking to adopt blockchain technology without the scalability issues faced by Ethereum.
Klaytn's future looks promising as it continues to accelerate its global expansion. The project plans to begin Klaytn's global expansion beyond the Asian market and become a key player in the global blockchain space. The Klaytn Foundation's initiatives and collaborations with global enterprises are helping drive this expansion.
Partnerships with leading global enterprises: Klaytn's collaboration with prominent companies, including Kakao Corp., has provided strong institutional backing.
Blockchain scalability: Klaytn offers one of the leading scalability solutions, making it suitable for mass adoption.
Support for EVM: Klaytn's support for Ethereum’s EVM allows seamless integration with existing Ethereum clients and services.
By leveraging these advantages, Klaytn aims to become a significant player in the global blockchain market, with widespread adoption across various sectors.
Klaytn can be bought on a variety of major cryptocurrency exchanges. Popular platforms like Binance, Upbit, and Huobi support KLAY trading pairs. Klaytn's presence on these exchanges ensures that it remains easily accessible to investors worldwide.
Trading Klaytn involves purchasing KLAY on supported exchanges and holding or trading it based on market trends. Investors can also use Klaytn for decentralized applications, smart contracts, and more.
Klaytn's combination of scalability, transaction speed, and enterprise adoption makes it a promising cryptocurrency for the future. Its strong backing from Kakao Corp., the Klaytn Foundation, and leading global enterprises sets it apart from other blockchain projects.
As Klaytn continues to expand its ecosystem and governance council, its role in the blockchain space is expected to grow.
Klaytn (KLAY) is a blockchain platform created by Kakao Corp. for enterprise use.
The Klaytn ecosystem offers scalability, low transaction fees, and high security.
Klaytn's governance council includes industry giants such as Kakao and GMO Internet Group.
Klaytn supports Ethereum improvement proposals (EIPs) and provides seamless integration with Ethereum’s ecosystem.
Klaytn is expected to continue growing with strong backing from its foundation and global expansion efforts.
For investors looking to stay updated on Klaytn's latest trends, using the PrimeXBT platform and following its official website is a great way to stay informed about Klaytn's developments.
Sign Up to be notified when you can trade this instrument on PrimeXBT.
The trading conditions on our platforms are updated daily to reflect the average from the previous day. Although we try to always provide the best possible conditions, these may vary and can be affected by underlying market events. The info we provide is for indicative purposes only and can be changed at any time.
The trading conditions provided above apply under normal market conditions. We have the right to amend these at any time, as per our Terms and Conditions.
We’re invested in your success, which is why we give you exclusive bonuses and rewards*, just for completing simple tasks, so you can make the most of market opportunities.
Our clients love how fast and simple our sign-up is. It takes just a few minutes to get started!
Get Started
