KEX
KIRA Network
$0.01090818AUD
Market Cap
2.4M AUD
24H Trade Vol.
3.6K AUD
Total Supply
224.0M

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Deposits and withdrawals are not currently available for this coin.

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Buy KIRA Network (KEX)

What is Kira Network?

Kira Network (KEX) is a modular base-layer blockchain that enables trustless execution of Layer 2 applications without relying on traditional smart contracts or sidechains. Its native token, KEX, is used for staking, governance, transaction fees, and liquidity incentives. The network introduces liquid staking, allowing users to stake a variety of digital assets—including crypto, stablecoins, and NFTs—without locking them, enabling ongoing participation in DeFi while securing the network.

How does Kira Network work?

Kira Network combines multiple technologies to deliver a scalable and flexible blockchain infrastructure:

  • Blockchain architecture: Built on Tendermint for block production, with app-specific sub-chains and sharding to support parallel execution. Interoperability is supported via Cosmos IBC and Polkadot XCMP.
  • Consensus mechanism: Uses Multi-Bonded Proof of Stake (MBPoS), which allows staking of multiple asset types. Assets remain liquid and usable in DeFi even while bonded to the network.
  • Key features:
    • MBPoS supports validator selection based on total staked value across different asset classes.
    • Sharded architecture enables fast, parallel processing of applications.
  • Smart contracts: Utilises CosmWasm, supporting upgradable and flexible contract deployment without requiring chain halts.

This design allows developers to build decentralised apps with lower risk of liquidity fragmentation or performance bottlenecks.

What are the potential use cases for Kira Network?

Kira Network’s flexible infrastructure supports a wide range of applications:

  • Liquid staking: Users can stake assets to secure the network while continuing to use them in DeFi protocols.
  • Cross-chain exchanges: Asset bridging and interchain staking are possible through IBC and XCMP integration.
  • Scalable decentralised apps: Sub-chains support resource-intensive apps like AI and gaming, which require high throughput and low latency.

Relevant sectors include:

  • DeFi: Yield farming, staking, and governance with unlocked liquidity.
  • Gaming and AI: Sharded execution enables high-performance applications.
  • Interchain ecosystems: Facilitates multi-chain asset use and market creation.

Notable collaborations:

  • Swingby: For inter-chain staking (Skybridge integration).
  • Blockparty: Participates as a validator partner.

What is the history of Kira Network?

Kira Network was co-founded around 2020 by Milana Valmont, Mateusz Grzelak, and Yuri Papadin with the vision of unlocking capital for DeFi through liquid staking and modular architecture.

Major milestones include:

  • 2020 whitepaper release and partnerships with Swingby and Blockparty.
  • Mainnet launch, introducing MBPoS and CosmWasm contract support.
  • Exchange listings: KEX is available on platforms like Uniswap and BitMax.

Technical and governance evolution:

  • Transitioned to fully on-chain governance.
  • No major forks reported; enhancements have focused on upgrading core protocol logic via CosmWasm.

Kira has evolved from an interchain exchange protocol into a liquid staking and modular execution platform. While it remains a low-cap token with modest trading volume, it continues to position itself in the DeFi and interchain infrastructure space.

Coin Contract Addresses

0x16980b3b4a3f9d89e33311b5aa8f80303e5ca4f8