Klaytn (KLAY) Price

$0.14

Klaytn (KLAY) Price Today

The live price of Klaytn is 0.14 USD. In the past 24 hours, the trading volume of Klaytn was 234.6K USD, down by -6.63%. The current price has decreased by -14.86% from its 7-day high of 0.17 USD, and increased by -3.41% from its 7-day low of 0.15 USD. With a circulating supply of 5,855,887,677.16 KLAY, the market cap of Klaytn is currently 916.5M USD, down by 0% in the last 24 hours. Klaytn currently ranks #3815 by market capitalization among cryptocurrencies.

Klaytn (KLAY) Market Data

Market Cap

$851.4M

24h Volume

$234.6K

Circulating Supply

Maximum Supply

Fully Diluted Market Cap

$851M

Liquidity Indicator

0.03%

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About Klaytn (KLAY)

What Is Klaytn (KLAY) and How Does It Work?

Klaytn is a public Layer-1 blockchain designed for high performance, low latency, and scalability, tailored especially for metaverse, gaming, and creator economy applications. Developed by South Korean tech giant Kakao’s blockchain unit (now operating under the Klaytn Foundation), it aims to make blockchain accessible to mainstream users and developers.

At its core, Klaytn uses an optimized Istanbul BFT-based consensus algorithm with a hybrid architecture consisting of three types of nodes:

• Consensus Nodes (CNs): Validate and generate new blocks.

• Proxy Nodes (PNs): Relay transaction data between users and CNs.

• Endpoint Nodes (ENs): Provide APIs and network access to dApps.

Klaytn offers full EVM equivalence, making it easy for Ethereum developers to migrate or build decentralized applications. The platform also supports fee delegation (where someone else can pay your gas fees), making user onboarding frictionless. In addition, its recent transition to a more community-governed model, Klaytn 2.0, focuses on decentralization, transparency, and sustainable tokenomics.

The native token, KLAY, is used for paying transaction fees, staking, governance voting, and incentivizing ecosystem growth.

When Was Klaytn Network Launched?

Klaytn officially went live on June 27, 2019 with its mainnet, Cypress. Since then, it's become one of Asia’s most prominent public blockchains. Initially developed by Ground X, the blockchain arm of Kakao, South Korea’s largest messaging platform. In 2021, the Klaytn Foundation was established to further decentralize the project and build on-ground governance.

Klaytn Roadmap Highlights

1. Early Phase (2019–2020)

• Kickstarted with the Cypress mainnet launch in June 2019.

• Built partnerships and encouraged early dApp ecosystem growth, particularly in DeFi, gaming, and NFT marketplaces.

2. Expansion & Governance (2021–2023)

• Launched a Mainnet Recalibration in 2021, boosting performance and interconnectivity.

• Rolled out Klaytn 2.0 in late 2022 and early 2023, introducing deeper decentralization:

Expanding Council Membership

Launching Klaytn Improvement Reserve (KIR)

Steering toward EVM equivalence to streamline Ethereum developer adoption

3. Future Vision (2024–2025)

• Continued push to reach full EVM compatibility, for simpler migration of Ethereum smart contracts.

• Ecosystem growth via enhanced metaverse, gaming, and NFT tools.

• Strengthened governance participation, aiming for broader council diversity and transparent on-chain voting.

Infrastructure upgrades to boost TPS capacity, reduce latency, and support cross-chain bridges and interop tooling.

What Is the KLAY Token Utility?

KLAY is the native token of the Klaytn blockchain and is used in several ways:

1. Native utility token for Klaytn ecosystem: KLAY is the primary currency used to pay gas fees for transactions and smart contract operations on the Klaytn blockchain.

2. Staking & Governance Rewards: Validators (Consensus Nodes) stake KLAY to secure the network and earn staking rewards. Additionally, the Klaytn Governance Council distributes block rewards and community fund allocations from KLAY emissions.

3. Ecosystem Incentives & Development Funding: The Klaytn Improvement Reserve (KIR) and Community Fund award KLAY tokens to developers, partners, and projects that expand the ecosystem. Strategic token burns (billions of KLAY) also aim to manage supply and support long-term value.

To trade KLAY on the BingX spot market, log in to your account, go to the “Spot” section, and search for the KLAY/USDT trading pair. Select either a Market or Limit order, enter the amount you wish to trade, and confirm your order to receive KLAY in your account.

What Is Klaytn Tokenomics?

Klaytn has a fixed block reward model with a controlled annual inflation rate to ensure sustainable growth. The network generates 9.6 KLAY per block, with newly issued tokens distributed as follows:

• 34% to the Klaytn Governance Council as block rewards

• 54% to the Klaytn Growth Fund for ecosystem development and grants

• 12% to the Klaytn Improvement Reserve (KIR) for community proposals and enhancements

KLAY has no hard cap, but its inflation rate is kept around 3% annually, and the Foundation conducts periodic token burns to offset issuance and stabilize supply.

What Is Klaytn 2.0 and Ethereum Equivalence?

Klaytn 2.0 is a major upgrade initiative aimed at transforming Klaytn into a highly decentralized, developer-friendly Layer-1 blockchain optimized for metaverse and real-world applications. It focuses on three pillars: governance decentralization, sustainable tokenomics, and technological advancement, including tools for mass adoption and support for dApp builders.

A key part of this upgrade is achieving full Ethereum equivalence, and not just EVM compatibility. This means Klaytn now mirrors Ethereum’s execution environment, tooling, and development standards, allowing developers to deploy Ethereum-based smart contracts and use familiar tools like Remix, Truffle, and MetaMask without modification. This shift significantly reduces the barrier to entry for Ethereum developers and enhances cross-chain interoperability.

What Are Cypress and Baobab on Klaytn?

Cypress is the mainnet of the Klaytn blockchain and serves as the production environment where real transactions take place. Launched in June 2019, Cypress is where live dApps operate, KLAY tokens hold real value, and users interact with the actual Klaytn ecosystem. It offers high throughput, low-latency transactions, and supports the governance, staking, and economic activities that power the network. Developers and businesses deploying real-world applications use Cypress for all live smart contract operations and token interactions.

Baobab, on the other hand, is Klaytn’s public testnet. It’s designed as a sandbox for developers to experiment, test dApps, and simulate transactions without risking real KLAY tokens. Baobab mirrors the architecture and features of Cypress, making it a reliable environment for testing smart contracts, node operations, and upgrades before deployment to the mainnet. By using Baobab, developers can identify bugs, optimize gas usage, and ensure compatibility, helping maintain the overall stability and performance of the Klaytn ecosystem.

How to Migrate Ethereum dApps to Klaytn

Migrating Ethereum dApps to Klaytn is straightforward thanks to Klaytn’s full EVM equivalence. Developers can reuse existing Ethereum smart contracts written in Solidity without modifications and deploy them on Klaytn using familiar tools like Remix, Truffle, and Hardhat. To begin, configure your development environment with Klaytn's RPC endpoints (such as for Baobab testnet or Cypress mainnet), update the network settings in your wallet (e.g., MetaMask), and deploy the contracts as you would on Ethereum. Klaytn also supports fee delegation and faster finality, offering a more efficient environment for scaling Ethereum-based applications.

How to Store KLAY Tokens

Keeping your KLAY on BingX is the easiest method; just purchase KLAY via the BingX spot market and it will be held in your account’s hot wallet. BingX secures your assets using a triple-verification process for withdrawals (fund password, Google Authenticator, and SMS), employs multi-layer encryption, multi-signature protection, 24/7 monitoring, and stores over 50% of assets in offline cold wallets for added security.

For full control, you can store KLAY in a non-custodial wallet like Kaikas, MetaMask (by adding the Klaytn network), Klever, or TokenPocket. For maximum protection, opt for a hardware (cold) wallet. such as Ledger or Coldcard, where private keys remain offline, with your recovery seed backed up safely (ideally on durable material like steel). This setup ensures that even if your device is compromised, your funds remain secure.

What Is Klaytn's Gas Policy?

Klaytn’s gas policy is designed to offer fast and affordable transactions, making it ideal for mainstream adoption and high-throughput applications like gaming and NFTs. The network uses a fixed gas fee model where users pay in KLAY to execute transactions and smart contracts. One of Klaytn’s standout features is fee delegation, allowing dApps or third parties to cover gas fees on behalf of users, significantly improving user experience, especially for non-crypto natives. This system reduces onboarding friction and supports the development of more accessible blockchain applications.

Is Klaytn (KLAY) a Good Investment?

Klaytn (KLAY) stands out as a strong investment prospect due to its enterprise-grade blockchain infrastructure, strategic backing, and growing adoption across Asia. Originally developed by Kakao, one of South Korea’s tech giants, Klaytn benefits from real-world integrations, including partnerships with major corporations, game studios, and government projects. Its focus on high-speed transactions, low fees, and Ethereum equivalence makes it an attractive platform for developers building metaverse, gaming, and NFT applications. The platform’s unique features, like fee delegation and a modular architecture, enable smoother onboarding and scalability, boosting its long-term utility.

Furthermore, the introduction of Klaytn 2.0 marks a significant shift toward decentralization, transparent governance, and sustainable tokenomics. The ecosystem is supported by the Klaytn Foundation and the Klaytn Governance Council, which includes reputable organizations that contribute to decision-making and ecosystem funding. With periodic token burns, a capped inflation model, and support for dApp migration from Ethereum, KLAY is positioned as a competitive Layer-1 asset. For investors seeking exposure to Asia’s blockchain growth and real-world use cases, Klaytn offers both utility and potential upside.

Information source

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Whitepaper

Klaytn (KLAY) Price Converter

KLAY to USD

1 KLAY = $ 0.14

KLAY to VND

1 KLAY = ₫ 3,808.50

KLAY to EUR

1 KLAY = € 0.12

KLAY to TWD

1 KLAY = NT$ 4.31

KLAY to IDR

1 KLAY = Rp 2,377.54

KLAY to PLN

1 KLAY = zł 0.53

KLAY to UZS

1 KLAY = so'm 1,842.93

KLAY to JPY

1 KLAY = ￥ 21.40

KLAY to RUB

1 KLAY = ₽ 11.60

KLAY to TRY

1 KLAY = ₺ 5.90

KLAY to THB

1 KLAY = ฿ 4.68

KLAY to UAH

1 KLAY = ₴ 6.07

KLAY to SAR

1 KLAY = ر.س 0.54

Klaytn Price Converter

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