Kusama (KSM) Takes Flight, Soaring Over 112% on Saturday

Kusama (KSM), often referred to as Polkadot's (DOT) "canary network," is living up to its moniker. The coin's rally signals a new wave of activity

Investors are buzzing over Kusama (KSM) after the coin soared more than 112% on Saturday, leaving many to wonder what’s fueling this meteoric rise for Polkadot’s (DOT) experimental sibling.

As Polkadot’s “canary network,” Kusama serves a vital role in the blockchain ecosystem, acting as a live testing ground for developers and startups to experiment with new ideas in a real-world setting before deploying them on Polkadot, a leading layer-1 network.

This experimental nature has made Kusama a hub for innovation and experimentation in web3 development.

Moreover, as Polkadot gears up for its next major developments, Kusama's movements often act as a leading indicator of broader trends within the ecosystem, making this surge in KSM's value a noteworthy development.

Some speculate that this surge may be tied to anticipation around Polkadot's future announcements, with KSM riding the coattails of its more stable counterpart.

Indeed, some observers noted that those who sold Polkadot and Kusama at all-time lows made a grave error, as these “solid projects” were primed for a comeback, now evident in Kusama’s rally.

“To everyone who claimed $DOT and $KSM were dead, it’s time to rethink,” the tweet reads. “Many followed the negativity and sold at all-time lows—only to watch these projects roar back to life.”

“$KSM just soared 82% in one day, proving yet again that solid projects in the crypto space don't die.”

Those who heeded the negativity and sold $DOT and $KSM at all-time lows made a grave error.

As the crypto market recovers from the depths of last year, we’re seeing solid projects roar back to life — and this rally is only just beginning.

البعض الآخر أشار إلى أن ارتفاع KSM السريع لمدة يوم واحد قد يكون مؤشرًا على حركة أكبر تحدث خلف الكواليس.

ويضيف آخرون أن ارتفاع قيمة KSM السريع قد يكون مرتبطًا بترقب إعلانات Polkadot المستقبلية، حيث يلاحظ البعض ارتفاع KSM الهائل على خلفية ثبات نظيره.

After a rough 2022, crypto markets have shown signs of recovery in 2023.

This renewed interest in web3 development bodes well for Kusama, which serves as a testing ground for new blockchain projects and dApps.

With its experimental ethos and focus on speed and agility, Kusama has attracted a community of developers pushing the boundaries of web3 innovation.

For instance, SubQuery Network, a Web3 infrastructure provider, recently unveiled two new decentralized Remote Procedure Calls (RPCs) for the Polkadot ecosystem, marking the first decentralized RPCs on Substrate-based networks.

SubQuery, which supports nearly 200 networks, operates a globally distributed network of decentralized indexers and RPC providers, enabling dApps to efficiently and reliably retrieve blockchain data without relying on centralized access points.

In blockchain, RPCs act as a communication bridge between external entities and nodes on the blockchain, aiding in data retrieval, smart contract execution, and transaction processing.

With SubQuery’s decentralized RPCs, these essential functions become more accessible and secure for developers in the Polkadot and Kusama networks.