Kite AI’s function-focused token sparks a $263 million transformation in the agent-driven economy
- Kite AI's KITE token generated $263M in trading volume on major exchanges, with a $159M market cap and $883M FDV after its launch. - The PoS EVM-compatible blockchain enables autonomous AI agents via the SPACE framework, supporting an agentic economy with 10B tokens for payments, staking, and governance. - Listings on HTX and Bitget, plus 48% community token allocation, highlight growing institutional and retail adoption, while Coinbase's INFINITY partnership boosted its stock 5%. - Analysts link KITE's
Kite AI's native token, KITE, saw a flurry of trading activity upon its release, with total volume exceeding $263 million on platforms such as Binance, Upbit, and Bithumb within the initial hours, according to
Kite AI operates on a proof-of-stake (PoS) Layer 1 blockchain that is EVM-compatible, built to let autonomous AI agents interact, make payments, and work together efficiently. The platform features the SPACE framework—Stablecoin-native, Programmable constraints, Agent-first authentication, Compliance-ready, and Economically viable micropayments—to foster an "agentic economy." The KITE token, capped at 10 billion units, is used for payments, staking, and governance within the network.
Listing on leading exchanges highlighted the token's increasing traction among both institutional and retail participants.
Kite's solution is designed to overcome limitations in existing AI frameworks by offering a decentralized infrastructure for autonomous agents. Its modular blockchain architecture empowers developers to create and expand AI workflows, while affordable, instant payment options streamline value exchange. The whitepaper details that 48% of tokens are allocated to the community, 12% to investors, and 20% to the team and early backers.
Elsewhere, broader trends in the crypto sector reflected institutional optimism. Coinbase, which
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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