• Market Cap
  • 24 Hour Trading Vol
  • Fully Diluted Valuation
  • Circulating Supply
  • Total Supply
  • Max Supply
Kakao’s global public blockchain project Klaytn is an enterprise-grade, service-centric platform.
Klaytn Converter
1 KLAY = $0.16210349
KLAY Statistics
  • Klaytn Price
  • Trading Volume
  • Market Cap
Klaytn Price Chart (KLAY)


About Klaytn

Klaytn was created by the Korean tech giant Kakao. Kakao has a variety of products, including KakaoBank, an internet-only bank, KakaoTalk, an immensely popular messaging app, and KakaoTaxi, the most used taxi service in South Korea.

Klaytn aims to be the backbone blockchain for South Korean businesses, including its own Kakao owned ventures. Klaytn mainnet launched less than a year after the KLAY ICO in June 2019. 

KLAY is the native token of the Klaytn blockchain. It is used as the utility token for all platform transactions as well as all other blockchain applications on the network

What are KLAY key features and how does it work?

Klaytn uses a modular architecture. In this way, it allows businesses to create and operate their own customised service-oriented blockchain on the Klaytn network. These service-oriented blockchains are more simply known as service chains. Each service chain is autonomous and runs as its own subnetwork, further adding to Klaytn’s core value as an enterprise-friendly ecosystem.

Since service chains are flexible and easy to customize, they have the potential to host any kind of web service. With the exception, however, of services offering gambling and financial speculations. 

Since Klaytn is enterprise-focused, it deploys an enhanced version of Instabul Byzantine Fault Tolerance (IBFT), rather than the more typical Proof-of-Work or Proof-of-Stake consensus mechanisms.

Specifically, Klaytn employs a practical BFT which enables the network to operate its hybrid infrastructure in order to facilitate its aims as a business focused blockchain. This combines the benefits of both private and public blockchains. Klaytn’s use of BFT also addresses scaling concerns, which are particularly prominent at enterprise level.

Klaytn’s governance is delegated to a board consisting of multinational corporations and business, board members are responsible for the growth and development of the platform’s ecosystem.

What makes Klaytn noteworthy?

Klaytn refers its service chains as Blockchain applications (BApps), rather than the more commonly used dApps. This is because they are not required to run decentralized web services. For example, they have the option to use their own PoS consensus mechanism.

Klaytn blockchain has become available on KakaoTalk via the Klip Wallet which exists within the KakaoTalk app itself. The Klip Wallet stores the KLAY coin, as well as both fungible and non-fungible tokens on the Klaytn blockchain.

Where can you buy KLAY?

KLAY can be bought in any of the CEXs and DEXs as listed in the markets tab.

Klaytn Markets
ExchangePairLast PriceChange (24H)High (24h)Low (24h)SpreadVolume (24h)

Rows per page:

0–0 of 0

Popular Cryptocurrencies
Growth Leader (24 hours)
Lido DAO Token
Leader in trading volume (24 hours)

© Token Radar 2024. All Rights Reserved.
IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.