Bitcoin holding firm above $91,000 has given the market a brief sense of balance. For Kite AI (KITE), that’s been enough room to breathe and to move. The token sits around $0.0836, up 5.3% in 24 hours, trading on roughly $47 million in daily volume with a market cap near $150 million. It’s still down almost 40% from its November 3 debut high of $0.1387, but that headline doesn’t tell the real story. Behind the chart, the team is shipping at pace.
Where the Work Is Going
Kite isn’t chasing hype. It’s building the foundation for something that doesn’t quite exist yet an economy where autonomous agents can act on behalf of people and companies, not just fetch data or answer prompts. That’s the idea behind its EVM-compatible Layer-1, where AI agents authenticate, transact, and coordinate with verifiable identity.
The x402 protocol handles those transactions. Its V2 upgrade rolled out this month, cutting fees by roughly 90% and enabling agents to complete multi-step intents in one flow. The system now interacts natively with standards like Google’s AP2 and ERC-8004, meaning agents can handle web and blockchain micropayments in parallel.
Alongside it, the new MCP Protocol connects agents and services without manual sign-ins or password flows. It’s a small improvement that changes a lot faster transactions, smoother coordination, fewer points of failure.
Proof of Scale
The numbers are solid. The testnet has logged over 50 million wallets, 7.8 million active addresses, and more than 300 million transactions, with around 30 million daily agent calls. Developers are building e-commerce integrations where agents can automatically pay PayPal or Shopify merchants through the Agent App Store. The SDKs are simple enough that non-crypto developers are finally testing use cases.
Funding helps, too. Kite raised $33 million earlier this year from PayPal Ventures and General Catalyst, followed by an October extension from Coinbase Ventures. That capital is driving the protocol stack forward, not just marketing.
The Tour and the Token
Next week starts something different the Kite Global Tour, beginning December 16 with stops in Chiang Mai and Seoul. The Chiang Mai event, co-hosted with OpenBuild and ETHChiangMai, is more developer-focused; the Seoul meetup at Perplexity’s Cafe Curious includes a keynote from CEO Chi Zhang. The theme running through both: how x402 V2 and MCP are forming a standard for agent-to-agent commerce.
Meanwhile, the KITE token continues to serve as the network’s engine.The KITE token sits at the center of everything. It fuels on-chain payments, secures the network through staking, and gives holders a say in governance. Validators currently earn yields in the 12–15% range a rate that keeps participation steady while the ecosystem scales. Out of a 10 billion total supply, about 1.8 billion are circulating (18% unlocked). The rest unlocks gradually through 2027, with allocations split 48% to the community, 20% to the team, and 12% to investors.
Market Reality
KITE trades between $0.079 and $0.085, resting on that $0.078 support many short-term traders watch. The RSI sits around 42, neutral to slightly oversold, while the broader Fear and Greed Index is stuck in Extreme Fear (10). Even so, roughly 40% of the last month’s sessions closed green. The sentiment is cautious, but not broken. Some see a potential run toward $0.09, especially with $47 million in volume pushing through HTX pairs.
Forecasts remain mixed a possible short-term dip of 25%, but long-term projections stretch toward $0.17 by late 2026, assuming network growth continues.
Balancing Promise and Pressure
There’s still plenty to watch. Nearly four-fifths of the supply remains locked, so dilution could weigh on sentiment as more tokens come to market. The bigger unknown is regulation especially in the U.S., where no one seems sure how to treat autonomous agents that move money. That uncertainty won’t stop developers, but it may slow institutional curiosity for a while. hasn’t caught up with how these systems might interact with financial services.
But the fundamentals are clearer now. The x402 V2 rollout, MCP integration, and developer expansion are not announcements they’re live. Kite’s advantage lies in execution speed, not just narrative.
As Zhang said recently, “We’re not building AI on-chain; we’re building the chain where AI can act.” It’s a fitting summary. If the agent economy really does take shape and Kite holds its current pace this December might be remembered as the quiet moment before that shift became visible.
