Kusama, a prominent blockchain network, is undergoing significant changes as Tether plans to halt USDT operations on the platform by September 2025, reflecting a strategic pivot towards more active Layer 2 solutions. Concurrently, the Kusama network is preparing for the next phase of growth with the announcement of five new parachain auctions, following a successful initial round that secured $450 million in Total Locked Value (TLV). This move underscores Kusama's commitment to expanding its ecosystem and enhancing its competitive edge in the blockchain space.
In parallel, Kusama's influence extends to the Shiba Inu community, where lead developer Shytoshi Kusama is making headlines with plans to burn 99% of SHIB's circulating supply, potentially boosting the token's value. Additionally, Shytoshi Kusama's anticipated departure by year-end signals a transition towards community-driven governance for Shiba Inu, aligning with broader industry trends towards decentralization. These developments highlight Kusama's pivotal role in shaping both its own network's future and influencing broader cryptocurrency market dynamics.
Kusama (KSM) Network: Navigating Change and Opportunity
October 10, 2025
1 min read
Kusama, a prominent blockchain network, is undergoing significant changes as Tether plans to halt USDT operations on the platform by September 2025, reflecting a strategic pivot towards more active Layer 2 solutions. Concurrently, the Kusama network is preparing for the next phase of growth with the announcement of five new parachain auctions, following a successful initial round that secured $450 million in Total Locked Value (TLV).