Coreum Price

Coreum (COREUM) is a Layer 1 blockchain platform launched in December 2021 that operates on the XRP Ledger. Currently ranked 658 with a price of $0.0535, it has experienced a -9.1% change in the last 24 hours with a trading volume of $61.99K. Coreum is designed to provide enterprise-grade blockchain infrastructure with a focus on scalability, interoperability, and smart contract functionality. It supports DeFi applications, cross-chain transactions, and real-world asset tokenization. The platform utilizes a Proof-of-Stake consensus mechanism and is part of both the XRP and Cosmos ecosystems. With a market capitalization of $34.75M and a circulating supply of 649.69M COREUM out of a total supply of 545,674,243 tokens, Coreum aims to deliver fast transaction processing and low fees. The project continues to develop its ecosystem through partnerships and technical innovations to enhance blockchain adoption for businesses and developers.

Coreum was created on December 19, 2021. It was officially launched as a cryptocurrency designed to serve as a layer-1 blockchain solution with a focus on providing enterprise-grade infrastructure. Coreum operates on the XRP Ledger platform and has since expanded its ecosystem to include integration with Osmosis. The project aims to deliver scalable, secure, and interoperable blockchain solutions with features supporting DeFi applications, smart contracts, and cross-chain functionality. Since its launch, Coreum has developed its infrastructure to support various use cases including payments, Web3 applications, and real-world asset tokenization.

Coreum was founded by a team led by Bob Ras and Tushar Ganguli, who established the Coreum Foundation in 2021. Bob Ras serves as the CEO and co-founder, bringing extensive experience from previous blockchain ventures. The founding team created Coreum as a layer-1 blockchain solution built on Cosmos SDK, designed to address scalability and interoperability challenges in the blockchain space. Their vision was to develop an enterprise-grade blockchain infrastructure that could support various use cases including DeFi applications, tokenization of assets, and cross-chain transactions. Since its launch on December 19, 2021, the founding team has continued to develop the Coreum ecosystem, focusing on its core features of high throughput, low transaction costs, and smart contracting capabilities.

Coreum operates as a layer-1 blockchain built on Cosmos SDK technology, designed for enterprise-grade applications. COREUM utilizes a Proof-of-Stake consensus mechanism that enables fast transaction processing (up to 7,000 TPS) with minimal fees and finality in 2 seconds. The network features smart contracts with WebAssembly (WASM) support, allowing developers to write in multiple programming languages. Coreum's architecture includes native asset issuance capabilities, making it ideal for tokenizing real-world assets and creating fungible/non-fungible tokens. Currently ranked #658 with a price of $0.0535, Coreum has seen a -9.1% change in the last 24 hours. The network has a circulating supply of 649.69M COREUM from a total supply of 649.69M COREUM. Coreum provides interoperability through IBC protocol integration, connecting with both the Cosmos ecosystem and XRP Ledger. Its focus on scalability, security, and enterprise solutions makes it particularly suitable for DeFi applications, payment systems, and cross-chain operations.

Coreum is built on a third-generation blockchain architecture that combines the Cosmos SDK with the Tendermint consensus mechanism. This technical foundation provides COREUM with high throughput (up to 7,000 TPS), low transaction costs, and near-instant finality. The platform utilizes a Delegated Proof-of-Stake (DPoS) consensus model for energy efficiency and network security. Key technical features include: - Smart Contracts: Supports WebAssembly (WASM) for multi-language smart contract development - Interoperability: IBC protocol integration enables seamless cross-chain communication - Scalability: Horizontal scaling through sidechains and vertical scaling via optimized execution - Tokenization: Native asset issuance framework for creating digital assets - Multi-signature support: Enhanced security for transaction authorization Coreum's architecture also incorporates the XRP Ledger technology, as it operates on the XRP Ledger platform while maintaining its own independent blockchain infrastructure. The current market cap stands at $34.75M with 649.69M COREUM tokens in circulation out of a total supply of 649.69M COREUM.

Coreum has an ambitious roadmap focused on building a scalable, enterprise-grade blockchain infrastructure. The project aims to enhance its smart contract capabilities, improve cross-chain interoperability, and expand its ecosystem through strategic partnerships. Key upcoming developments include: 1. Enhanced Smart Contract Framework: Improving developer tools and expanding support for multiple programming languages. 2. Interoperability Solutions: Strengthening bridges with XRP Ledger and Cosmos ecosystems while developing new cross-chain capabilities. 3. Enterprise Adoption: Focusing on real-world asset tokenization and payment solutions for businesses. 4. Scalability Improvements: Implementing layer-2 solutions to increase transaction throughput while maintaining security. 5. Governance Evolution: Transitioning to a more decentralized governance model by 2027. With a current price of $0.0535 and market cap of $34.75M, COREUM is positioned as a promising infrastructure project. The team continues to deliver on their technical roadmap, with major protocol upgrades scheduled throughout 2026 and 2027 that could significantly expand the network's utility and adoption.