I have been paying close attention to the KITE project recently. Speaking of which, it just happened to coincide with the holiday season, and the entire crypto market has become much calmer. The noise has decreased, which actually makes it easier for some solid projects to get noticed.

KITE doesn't rely on meme marketing, doesn't make empty promises, and isn't in a rush to generate hype. The feeling it gives is— it knows some things are happening, and there's no need for you to believe right now.

What is that thing? AI agents will eventually need to learn how to manage their own funds.

Not every step requires approval, nor is there a pop-up asking "Do you agree?" for every transaction. Instead, it's about true autonomous operation—that's the key.

Let's first look at the fundamentals. KITE launched via a major exchange's Launchpool in early November, becoming the 71st project. It opened trading on the third day, with trading volume exceeding $260 million. It then naturally experienced a correction.

Around December 24th, the price hovered around $0.09, with a market cap of approximately $160 million, and a daily trading volume of over $30 million. The circulating supply is 1.8 billion tokens, with a total supply of 10 billion, making the fully diluted market cap roughly over $900 million.

Honestly, these numbers themselves aren't particularly eye-catching.

What truly deserves a closer look is: what problem does it aim to solve?

KITE is an EVM-compatible Layer 1 blockchain that uses a PoS mechanism. But the core isn't that old cliché of "faster and cheaper."

Its original design intention was to solve a specific problem—agent payments.

All the AI tools you're currently using, whether for data scanning, protocol negotiations, or other automation tasks, encounter the same bottleneck when operating on-chain.