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.
You may also like
DASH experiences a 33.07% jump fueled by urgent meal deliveries and targeted growth initiatives
- DoorDash launched an Emergency Food Response initiative, pledging 1 million free meals and waived fees for 300,000 SNAP-eligible grocery orders in November. - The program partners with 25+ grocery chains to address federal SNAP benefit pauses, enhancing DoorDash's role in crisis aid and convenience commerce expansion. - DASH stock surged 33.07% in 24 hours amid the initiative, with 214.67% gains over one year, reflecting investor confidence in strategic expansions. - Parallel autonomous delivery pilots w
XRP News Today: XRP ETF Speculation: Will Regulatory Approval Ignite a Bull Market in 2025?
- XRP, BullZilla, and Toncoin dominate 2025 crypto forecasts amid regulatory clarity and institutional adoption trends. - Blazpay’s AI-driven presale raised $1M in Phase 3, selling 87% of 157.3M BLAZ tokens with gamified DeFi features. - Ripple’s XRP ETF approval potential and RLUSD’s $1B market cap highlight traditional finance integration efforts. - BullZilla’s HODL Furnace staking and TON’s Telegram-based scalability position them as meme and utility coin contenders. - Market volatility persists as XRP
Ethereum News Update: Ethereum ETFs Overtake Bitcoin, Climbing to $28.6B as Major Investors Make Bold Moves
- A major Ethereum whale increased long positions in BTC and ETH, holding $37M and $18M after exiting short bets, signaling improved market sentiment. - Ethereum ETF inflows surged to $9.6B in Q3 2025, outpacing Bitcoin, while spot ETH ETFs now hold $28.6B in assets amid rising institutional demand. - ETH price rose 5.2% to $4,160, with technical indicators suggesting potential targets up to $16,077 if bullish momentum continues. - Growing corporate adoption of Ethereum's tokenization and large exchange wi
SUI News Today: MoonBull Claims 9,200% Gains—Will This Presale Surpass Ethereum and Sui?
- MoonBull ($MOBU) presale has raised $550K+ in Stage 5, projecting 9,200% ROI if it reaches $0.00616. - Community-driven model with 27.4% stage-by-stage price hikes and 15% referral rewards attracts 1,600+ holders. - Analysts highlight MoonBull’s 23-stage design and Ethereum-based governance as growth drivers amid ETH’s $4,080 stability and SUI’s $2.61 liquidity. - Critics warn of speculative risks in presale projects, noting MoonBull’s unregulated status and potential market corrections.
Trending news
MoreCrypto prices
More
