Kite AI’s function-focused token sparks a $263 million transformation in the agent-driven economy

Bitget-RWA2025/11/03 17:42

By: Bitget-RWA

- 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

CoinDesk

. The token entered the market with a capitalization of $159 million and an $883 million fully diluted valuation (FDV). This momentum followed Kite's $18 million Series A round in September, bringing its cumulative funding to $33 million.

Kite AI’s function-focused token sparks a $263 million transformation in the agent-driven economy image 0

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.

TradingView

noted that HTX, a global crypto trading platform, launched KITE/USDT trading pairs on November 3, supporting spot, margin, and futures markets. Bitget also introduced KITE to its Innovation, Public Chain, and AI Zone, enabling withdrawals the next day, according to

Bitget's press release

. Experts credit the token's robust market entry to its practical use cases and the growing convergence of AI and blockchain technology.

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

joined Kite's INFINITY pilot program

to advance secure digital identity solutions,

reported a 5% stock surge

after surpassing revenue expectations for the third quarter. The company attributed its positive results to $1.87 billion in revenue, fueled by transaction activity and a broader range of assets.

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- ALGO plummeted 52.41% in 12 months, with 10.26% monthly decline amid prolonged bearish trend. - Lack of on-chain/off-chain catalysts isolates ALGO from biotech/energy news or macroeconomic events. - Technical indicators show sustained downtrend across timeframes, lacking bullish divergences or breakouts. - Backtest hypothesis suggests 10% 30-day drop could trigger short-term reversal with on-chain activity surge.

Bitget-RWA•2025/11/04 05:32

ZEC has surged by 737.28% since the start of the year, fueled by Q4 roadmap updates and advancements in privacy technology.

- Zcash (ZEC) surged 737.28% YTD as Electric Coin Company (ECC) unveiled its Q4 2025 roadmap prioritizing privacy enhancements and usability improvements. - Key initiatives include ephemeral addresses for cross-chain privacy, integrated with Multichain SDK to simplify transactions for users and developers. - ECC plans to upgrade Zashi wallet with faster transactions, improved UI, and hardware wallet compatibility while expanding onboarding resources and developer tools. - The roadmap emphasizes optimizing

Bitget-RWA•2025/11/04 05:32

DASH jumps 19.85% in one day after DoorDash initiates emergency food relief program

- DASH surged 19.85% in 24 hours as DoorDash launched an Emergency Food Response program, pledging 1 million free meals and fee waivers for SNAP recipients. - The initiative, partnering with 20+ retailers/food banks, addresses food insecurity during a federal government shutdown halting SNAP payments. - While not directly boosting core growth metrics, the program enhanced brand perception and showcased scalable infrastructure capabilities. - Backtesting shows DASH outperformed S&P 500 by +11.6% in 30-day w

Bitget-RWA•2025/11/04 05:32

Crypto’s Embrace Economy: $HUGS Token Blends Sentimentality With Lucrative DeFi Returns

- Milk Mocha's $HUGS token merges cartoon bear nostalgia with DeFi, offering 50% APY staking and NFT-linked rewards. - The presale sold out in 48 hours, featuring no lock-in periods and a burn-to-upgrade mechanism to boost scarcity. - NFT holders gain metaverse access, merchandise priority, and DAO voting rights, while charity pools fund verified causes. - Deflationary tokenomics with presale burns and 40-stage pricing aim to balance speculation with structured value growth. - Analysts highlight $HUGS' hyb

Bitget-RWA•2025/11/04 05:16

Kite AI’s function-focused token sparks a $263 million transformation in the agent-driven economy

You may also like

Trending news

Crypto prices