Recently, watching the market of Kite has honestly been quite frustrating. Many people in the group are discussing whether this coin is just a niche direction with little practical use. But I have had several deep conversations with Kite's core technology team and specifically looked into what they plan to do in the future. I found that many voices in the market are missing the bigger picture. For example, they just integrated a fraud proof system in collaboration with a top DeFi protocol, which is not just a simple patch for the chain, but a significant upgrade to the cross-chain ecological layout, enabling asset interoperability without the need for trust. Many people are only focused on the current total locked value (TVL), but if we really talk about this foundational protocol integration, the scale that can be achieved in the next 12 to 18 months could at least double — right now, the gap between market cap and real value is at least 50%. Of course, we can't just be optimistic; Kite is currently facing several challenges, such as the high understanding threshold for data availability solutions and strong competition from established peers like L2 and modular blockchains. Everyone should be aware of these investment risks, but I feel that the current market is a bit too pessimistic, overpricing the risks without seriously calculating the potential space created by its technological discrimination.
Speaking of actual data, this is really heartbreaking. Some people only look at those major market indicators when choosing coins, focusing on things like total locked value. But when I pulled the on-chain performance of Kite in a certain game DApp and DeFi aggregator for the third quarter, I noticed that the daily average growth rate of independent active wallets skyrocketed, averaging up to 25%. This explosive growth is actually stronger than many second-layer solutions. The most exaggerated part is that the number of transactions settled through state channels has quietly exceeded some L2 projects from leading brands, yet mainstream analysts haven't discussed it at all. This year's 'silent explosion' is clear evidence of being underestimated. Traditional analysts are still clinging to outdated public chain valuation methods, ignoring Kite's data availability and low cost advantages, like that optimized fraud proof mechanism, which has significantly reduced verification costs, making high-frequency small transactions much easier for us. This information barrier has led the market to completely misunderstand Kite's actual user base and technological thresholds. If we were to calculate based on mainstream second-layer's activity and barriers, Kite's reasonable market value should be at least 1.5 times what it is now.
Looking back a few days ago, I spent the entire weekend immersed in Kite's on-chain data, just wanting to figure out whether it was truly underestimated. The market is daily hyping concepts and trends, but a close look at Kite's data and gameplay reveals that it is clearly a low-profile and pragmatic player. I even personally discussed this with other friends in Web3, and everyone said that something like Kite, which relies on technological innovation to build underlying infrastructure, will eventually stand in the spotlight. Although the cryptocurrency market changes rapidly, with new trends popping up every moment, if you ask me to list those value signals that the public overlooks, Kite is definitely among them. These things, underestimated by outdated models, have technological and market potential that cannot simply be dismissed with a casual thought.
However, no matter how much I say, it's just personal opinion. Everyone understands the big ups and downs in the crypto market; investing requires doing your own homework and not acting impulsively. I can only say that the clues I've seen are solid enough. As for when the market will wake up to recognize Kite's true value, perhaps many people will only realize it when the next wave of hype in the crypto world really explodes: it turns out that this quietly developing Kite has already quietly raised its ceiling by several notches.@KITE AI #KITE $KITE
