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Karura (KAR) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $14,940,000. The current price of Karura is $0.1494, which is -1.060% lower than yesterday. Prices have ranged between $0.155526 and $0.147168 over the past 24 hours. All prices are listed in US dollars and accurate as of April 02, 2023 05:04 UTC.
Karura can be described as an all-in-one decentralized finance (DeFi) platform that allows users to swap, borrow, lend, earn, assets, all while levying little to no gas fee charges. As a result, the system is ideal for handling voluminous transaction loads.
The project has been built atop the Kusama network and makes use of the Substrate protocol — the two technologies that have also given birth to Polkadot.
According to the official project website website Karura features a highly scalable design while being compatible with the Ethereum Virtual Machine (EVM). As a result of this setup, the platform is ideal for the development, deployment of various DeFi apps.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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