Bitcoin has stayed mostly above $89,000 in December, and that has slowed the market. Builders are still working, but capital isn’t rushing to push prices up. Kite sits in the middle of that quiet period.
$KITE trades around $0.088, up a little today, flat over the week. Market cap is about $158 million, daily volume usually $45–56 million. Nothing shows big momentum, but nothing looks broken either. The launch spike on November 3 had over $260 million in volume across Binance, Upbit, and Bithumb, but price didn’t follow. Since then, things have mostly consolidated.
The main activity is still x402, now on V2. Weekly transactions peaked at about 932,000 in October and haven’t dropped. That matters because attention moves fast in crypto. Kite does one thing well: smooth machine-to-machine payments. HTTP 402 is repurposed, fees are low, and settlement is fast enough for AI agents to operate without human help.
Alongside x402, the MCP layer is quietly making a difference. It reduces glue code between agents and services. Integration is easier, and connections are more reliable. Testnet numbers are still big: 50 million+ wallets, 300 million+ transactions, 30 million daily agent calls. What matters is that activity hasn’t dropped.
The system now feels more like a connected pipeline than separate modules. Agents keep their identity through Kite Passport. Payments go through x402. MCP manages the connection to services. Everything works together. This reliability makes e-commerce pilots possible. Agents paying Shopify or PayPal merchants is about smooth, predictable payments, not intelligence. The Agent App Store, SDKs, and account abstraction handle execution so builders don’t need to code every interaction.
The Kite Global Tour started December 16 in Chiang Mai and Seoul. It didn’t spike on-chain metrics overnight, but bringing developers together matters more for infrastructure projects than social hype. Turnout was strong, and more events are planned. That kind of progress doesn’t appear on charts.
Token structure hasn’t changed. Total supply is capped at 10 billion, with 1.8 billion circulating, about 18%. FDV is near $883 million. Allocation remains: 48% community and ecosystem, 12% investors, 20% team and contributors (vesting to 2027), rest in reserves. Staking yields sit at 12–15%, funded by usage, not emissions. No burns. Unlocks don’t start until Q2 2026, so supply shocks are minimal.
Adoption exists, but unevenly. Over 50 dApps are active, from trading bots to logistics tools. OKX Wallet support improved user experience, and Pieverse (live since November 12) made cross-chain movement easier. Social sentiment mirrors the market: about 60% bullish, mostly tied to mainnet expectations, the rest cautious. Price is still below the $0.13–0.14 peak from November, but comfortably above earlier lows.
Risks remain: most are structural. Over 80% of supply is locked. Agent payments are early, so adoption could stall. Regulation around autonomous agents and micropayments is still unclear. Mainnet hasn’t been fully tested, and competition like Fetch.ai is still active. Funding from PayPal Ventures, General Catalyst, and Coinbase Ventures buys time but not certainty.
There are no predictions or price targets here. Right now, Kite is less about hype and more about slowly building reliable infrastructure. Whether the market notices this quarter is uncertain. Whether it matters when agents actually start paying is a different story.
