What is Klaytn?
Klaytn is a blockchain network platform created by a subsidiary of Kakao, Korea’s leading IT company. Specifically, Klaytn is an open-source public blockchain project. Therefore, Klaytn’s goal is to build a DApp ecosystem.
To achieve this goal, Klaytn helps developers of various applications based on the Klaytn blockchain to organize scalable methods and provide strong communities. The blockchain-based DApp, which can be linked to KakaoTalk, the SNS platform used by most of the Korean population, has many unlocked possibilities and values.
Klaytn has a very high relevance to Ethereum, which is considered as a competitor. It is characterized by the fact that most of the technologies used in the Ethereum ecosystem can be used in Klaytn to combat Ethereum, which created a platform that can be applied to Korean users and companies without the blockchain experience. Investors with Klaytn Coins are able to use Klaytn-based DApps to pay transaction fees, staking, and more.
Klaytn’s Main Decentralized Application
There are various types of applications designed based on the Klaytn blockchain network. The main applications are the decentralized exchanges and Defi-related applications.
KLAYswap is the leading DApp that has shown the highest volume of trading in the Klaytn ecosystem. In KLAYswap, users can become liquidity providers by depositing two cryptocurrency assets in a trading pair of the liquidity pool in the Klaytn blockchain.
As compensation for the supply, the Liquidity Provider may receive a claim swap token for fees incurred from exchanges in the Liquidity Pool. With the compensated KLAYswap token, investors can now stake the token to receive additional rewards and sell to realize profits.
2. KLEVA Protocol
The KLEVA Protocol aims to become the leverage and the largest landing protocol for farming in the Klaytn Defi ecosystem. Leverage interest farming provides a collateral for investors to earn higher returns from existing staking, then borrow cryptocurrency to participate in interest farming using assets added to the leverage.
KLEVA Protocol received a lot of attention with participation from WEMIX, a blockchain subsidiary of WeMade, a Korean KOSDAQ-listed company, as a major development team. Users can use leverage to participate in the liquidity pool and also become borrowers to provide leverage. Finally, users can receive rewards fairly and transparently according to smart controls based on the blockchain.
Pala is the largest NFT market in the Klaytn DApp ecosystem. It has evaluated itself as the largest NFT market in Korea. The Klaytn wallet allows users to connect their wallet to the market in a Web3 format, eliminating the need to transfer their cryptocurrency assets to a specific wallet, in which the NFT purchase is also transferred to the users’ wallet immediately. Pala is making great efforts to preoccupy the domestic NFT market, through marketing educational materials for NFT.
Klaytn Company and Developer Information
Klaytn was developed by Ground X, a Korean blockchain company. Jae-sun Han serves as the CEO, and he previously conducted research on distributed computing at the Korea Advanced Institute of Science and Technology (KAIST). Specifically, Ground X is a subsidiary of Kakao.
The primary characteristics of Klaytn are as follows.
|Cryptocurrency Features||Klaytn (KLAY)|
|Publisher or Developers||Ground X|
|Jurisdiction of Incorporation (Registration Number)||Singapore|
|Platform||Klaytn Network (Mainnet)|
|Published Date (CMC Registration)||2020-03-30|
|Max Supply||No limit|
Investment Suitability of Klaytn in 2023
The results of the Klaytn investment suitability evaluation conducted by Coin-Labs are as follows.
|Investment Suitability Rating Items||Scores and Current Status|
|Company Activation Rate||8.8 / 10.0 CAR|
|Communication Rate||7.9 / 10.0 CR|
|Technology Transparency Rate||6.3 / 10.0 TTR|
|Development Participation Rate||8.5 / 10.0 DPR|
|Listing Status on the Top 4 Exchanges in Korea||Listed on 3 Exchanges|
|Listing Status on the World's Top 10 Exchanges||Listed on 5 Exchanges|
|Number of Available Pairs Worldwide||141 Pairs|
|Market Cap of the Cryptocurrency||772,763,211,274 KRW (Rank #69)|
The price and recent trading volume of Klaytn are as follows. (Data of 2023-01-27 17:10:24)
|Price Items||Price and Trading Volume of Klaytn|
|Klaytn Price||250.315 KRW|
|Price Change 24h||0.14%|
|Price Change 7d||7.03%|
|Trading Volume 24h||42,307,243,287 KRW|
|Trading Volume Change 24h||11.12%|
You can check the development status and social media information of Klaytn through the links in the table below.
|🌎 Official Website||https://www.klaytn.foundation/|
|📖 White Paper||https://docs.klaytn.com/|
|🛰️ Source Code (GitHub)||https://github.com/klaytn/klaytn|
|🎺 Message Board||https://medium.com/klaytn|
Korean Crypto Exchanges where Klaytn is Listed
Korean crypto exchanges where Klaytn is listed in 2023 are as follows.
|Top4 Exchanges||Listed Status||Page URL|
World Crypto Exchanges where Klaytn is Listed
World crypto exchanges where Klaytn is listed in 2023 are as follows.
|Top10 Exchanges||Listed Status||Page URL|
Frequently Asked Questions
What is the current price of Klaytn?
Klaytn price today is 250.315 KRW. Furthermore, the price of Klaytn has fluctuated by 0.14% from 24 hours ago, and by 7.03% from a week ago.
Where is Klaytn listed?
Currently, it is listed on a total of 3 among the 4 largest exchanges in Korea, and is listed on a total of 5 among the world top 10 exchanges.
What is the market cap of Klaytn now?
Currently, Klaytn has a market cap of 772,763,211,274 KRW, which is ranking 69 among cryptocurrencies worldwide.
How much is the trade volume of Klaytn?
Currently, 3,087,164,556 KLAY coins are circulating through 141 market pairs. As a result, in the last 24 hours, 42,307,243,287 KRW of KLAY coins were traded in the market.