Klaytn price
KLAY
KLAY

Klaytn price

$0.12900
+$0.00020000
(+0.15%)
Price change from 00:00 UTC until now
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Market info
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Klaytn market info

Market cap
Market cap is calculated by multiplying the circulating supply with its latest price. Market cap = Circulating supply × Last price
Circulating supply
The amount of this crypto that is publicly available in the market
Market cap ranking
The asset’s ranking in terms of market cap value
All-time high
The historically highest price an asset has reached during its trading history
Market cap
$750.81M
Circulating supply
5,806,693,657 KLAY
Market cap ranking
65
24h high
$0.12950
24h low
$0.12700
All-time high
$4.3500

Klaytn price performance in USD

The current price of Klaytn is $0.12900. Since 00:00 UTC, Klaytn has increased by +0.16%. It currently has a circulating supply of 5,806,693,657 KLAY and a maximum supply of 5,842,108,564 KLAY, giving it a fully diluted market cap of $750.81M. At present, Klaytn holds the 65 position in market cap rankings. The Klaytn/USD price is updated in real-time.
Today
$0.00020000
+0.15%
7 days
$0.00040000
+0.31%
30 days
-$0.00150
-1.15%
3 months
-$0.01960
-13.19%

About Klaytn (KLAY)

3.3/5
CyberScope
3.8
10/12/2024
TokenInsight
2.8
10/23/2022
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Klaytn is a blockchain protocol prioritizing the metaverse, GameFi, and the Web3 economy. Its native cryptocurrency, KLAY, is designed to enhance payment systems in a revolutionary manner. The Klaytn token and blockchain network have garnered significant attention thanks to their appealing features for Web3 enthusiasts.

What is Klaytn?

Klaytn employs a unique consensus algorithm that achieves absolute transaction finality in just one second. This rapid finality ensures responsive user experiences and supports cases requiring near-instant and irreversible confirmations, such as real-time minting of in-game item drops. 

The swift finality also positions KLAY as an excellent token for blockchain payments. With Klaytn's efficient consensus mechanism, users can enjoy seamless interactions and timely transactions within the ecosystem. KLAY is the native cryptocurrency of the Klaytn blockchain platform, developed by Ground X, the blockchain subsidiary of South Korean mobile giant Kakao. Klaytn aims to provide a user-friendly blockchain platform that facilitates efficient and scalable decentralized applications and services.

The KLAY team

In June 2019, GroundX, a subsidiary of Kakao, South Korea's largest mobile platform, created and launched the Klaytn blockchain. Building on its successful implementation in Korea, the Klaytn Foundation was subsequently established as a non-profit organization committed to the growth and global expansion of the Klaytn network and its ecosystem.

How does Klaytn work? 

Klaytn operates on a hybrid consensus mechanism combining Proof of Work (PoW) elements and Practical Byzantine Fault Tolerance (PBFT). This innovative approach enables the network to achieve high transaction throughput, low latency, and improved security.

In addition to its consensus mechanism, the Klaytn blockchain adopts a decentralized governance model that involves various stakeholders in decision-making processes. Key participants, such as initial service partners and the Klaytn Governance Council, actively contribute to the platform's development and evolution through collaborative decision-making.

Speed and efficiency

Speed and efficiency are key features of the Klaytn blockchain. The native token, Klay Token, facilitates near-instantaneous transactions, crucial in Web3, the metaverse, and the gaming ecosystem. The ability to process transactions quickly and efficiently allows the Klaytn blockchain to attract a broader user base and gain further prominence in these industries.

Cost-effectiveness

Cost-effectiveness is a significant advantage of Klaytn's blockchain network. Unlike traditional transactions that involve multiple intermediaries, each imposing fees, Klaytn eliminates the need for intermediaries. As a result, transaction fees are significantly lower, leading to increased cost savings for users. 

Transparency and security

Transparency and security are key aspects of the Klaytn blockchain. Transactions carried out on the network are transparently recorded and stored in an immutable manner, guaranteeing a high level of security. The decentralized nature of the blockchain further strengthens the resistance of transactions against tampering and fraud, fostering user trust and confidence. Moreover, users can verify their ownership of non-fungible tokens (NFTs) minted on the Klaytn network, adding an extra layer of assurance and authenticity.

Scalability

Scalability is a notable strength of Klaytn. The platform's hybrid consensus mechanism empowers it to handle a high volume of transactions per second, ensuring scalability and effectively meeting the increasing demands for cross-border payments. 

Klaytn’s native token: KLAY

KLAY serves as the native cryptocurrency of the Klaytn ecosystem. Since Klaytn operates on its own blockchain, KLAY is classified as a coin rather than a token.

KLAY tokenomics

KLAY tokenomics are structured with an indefinite maximum supply, allowing for the potential minting of an infinite amount of KLAY. However, there is currently a total supply of 5,769,915,359.77 KLAY tokens.

With each new block added to the blockchain, 9.6 KLAY coins are minted. These newly minted coins and the transaction fees are collected in that block as the "block reward."

The block reward, which consists of the newly minted KLAY coins and transaction fees, is then allocated to various entities within the Klaytn ecosystem. This includes the Klaytn Governance Council, responsible for governing the network; the Klaytn Growth Fund, dedicated to fostering ecosystem growth; and the Klaytn Improvement Reserve, aimed at supporting platform improvement and development.

Distribution of KLAY

The distribution of newly-mined KLAY is as follows:

  • 34 percent is reserved as a block reward for the Klaytn Governance Council.
  • 54 percent is allocated to the Klaytn Growth Fund (KGF).
  • 12 percent is designated as part of the Klaytn Improvement Reserve (KIR).

KLAY use cases 

KLAY serves multiple purposes within the Klaytn ecosystem. It functions as a governance coin, playing a role in the decentralized governance of Klaytn. Additionally, KLAY is essential for purchasing NFTs and participating in the metaverse. Furthermore, Klaytn's low transaction fees make KLAY well-suited for micropayments, allowing users to engage in small-scale transactions easily.

What does the future hold for Klaytn

With the ongoing expansion of blockchain technology adoption, Klaytn is positioned to impact the global financial landscape significantly. By capitalizing on the strengths of blockchain technology within the gaming and financial sectors, Klaytn is driving the path toward widespread adoption of Web3

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 292 new posts about Klaytn, driven by 59 contributors, and total online engagement reached 26K social interactions. The sentiment score for Klaytn currently stands at 91%. Compared to all cryptocurrencies, post volume for Klaytn currently ranks at 3946. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Klaytn.
Powered by LunarCrush
Posts
292
Contributors
59
Interactions
26,090
Sentiment
91%
Volume rank
#3946

X

Posts
206
Interactions
24,823
Sentiment
93%

KLAY FAQ

What is Klaytn?

Klaytn is an advanced blockchain platform that enables efficient and secure cross-border transactions and interactions with decentralized applications (DApps) in the metaverse and Web3 ecosystem.

Can KLAY be used for payment?

Absolutely! KLAY is widely utilized as a payment method within the Klaytn ecosystem. It serves as the primary medium of exchange, allowing users to engage in various transactions and seamlessly interact with various decentralized applications (DApps) on the platform. 

Where can I buy KLAY?

Leading centralized exchanges such as OKX TR provide optimal platforms for purchasing KLAY. On OKX TR’s spot market, available trade pairs include KLAY/USDT, and KLAY/USDC.

You can also swap your existing cryptocurrencies, including Dogecoin (DOGE), Polygon (MATIC), and Chainlink (LINK), for KLAY with zero fees and no price slippage by using OKX TR Convert.

How much is Klaytn worth today?
Currently, one Klaytn is worth $0.12900. For answers and insight into Klaytn's price action, you're in the right place. Explore the latest Klaytn charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Klaytn, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Klaytn have been created as well.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.
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