What Kite Is
Kite is a Layer-1 blockchain designed as payment and identity infrastructure for autonomous AI agents, and KITE is its native token. The project is led by a team that grew out of the data infrastructure company ZettaBlock.
In September 2025, Kite raised an 18 million dollar Series A led by PayPal Ventures and General Catalyst, bringing reported total funding to about 33 million dollars. The mainnet and the KITE token launched in early November 2025.
How Agent Payments Work
Kite gives AI agents cryptographic identities, programmable permissions, and spending limits so they can transact safely without constant human approval. Assigning each agent a verifiable identity makes it possible to trace which agent performed which transaction.
The chain is EVM-compatible, so developers can use familiar Ethereum tooling. It also emphasizes native compatibility with x402, an HTTP-based payment standard, aiming to let agents pay for web services through small, automated payments.
Supply and Ecosystem
KITE has a total supply of 10 billion tokens, with roughly 1.8 billion reported in circulation at launch. The token is designed for network fees, staking, governance, and ecosystem incentives.
Since launch, KITE has been listed on several exchanges including Coinbase, and the ecosystem of agent services and developers continues to expand. Remaining tokens unlock over time, so the vesting schedule is worth reviewing.
Strengths and Risks
Commonly cited strengths include its focus on the emerging agent economy, backing from well-known investors, and support for standards such as x402. Handling agent identity and payments on a single chain is another distinguishing feature.
However, the agent payment market is still early, and real demand remains uncertain. Competing projects, supply growth from token unlocks, and regulatory changes are also relevant factors, and this overview is not investment advice.
