Kite is a token. It has no blockchain of its own and no consensus of its own — it rents both from the chains it is issued on, which is why it is listed separately from the cryptocurrencies.
| CoinSpectrum Grade | C · 58/100 · provisional |
|---|---|
| Type | Token |
| Class | AI |
| Backing | Non-backed |
| Market capitalisation | $275M |
| Price | $0.1150 |
| Circulating supply | 2,391,196,012 KITE |
| Issued on | 5 chains |
Market data rebuilt every six hours; this build 28 October 2026. Live prices on the ranking.
C — 58 out of 100, provisional (from 8 of 10 criteria, 28 October 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 46 to 66 (D to B).
| Criterion | Score | Basis |
|---|---|---|
| Leading Consensus Mechanisms | 4.9 | group average |
| Host chain | 7.9 | Issued on Ethereum (A, 79/100) |
| Asset class (below every coin family) | 1.8 | Tokens: below every native coin family on the consensus ladders, 0.9 of 10 by largest asset and 2.7 by combined market cap |
| Network security | 0 | No network of its own: secured by its host chain, scored above |
| Decentralisation | 7.9 | group average, 3 of 4 measured |
| Minting and supply (who can mint more) | 10 | Kite docs describe a supply capped at 10B and 'non-inflationary'. The old Ethereum KITE is a LayerZero OFT with an owner but no mint. Mint authority on the Kite L1 itself was not verified.; fixed maximum supply source |
| Premine (pre-issued at launch) | 6.8 | 32% of supply pre-issued at launch. Whether all 10B were minted at genesis is unclear: a tracker reports ~9.76B minted as of Aug 2026, and rewards are paid from a dedicated pool. source |
| Fundraising | 6.8 | Sold to the public or to investors: 32% of supply was the insiders' to sell, 12% sold. $33-35M raised in total; Series A $18M (Sept 2025) led by PayPal Ventures and General Catalyst, with 8VC, Samsung Next, Coinbase Ventures and others; earlier undisclosed seed. No public token sale found. source |
| Holder concentration | — | Not yet measured |
| Supply & Demand | 6.5 | group average |
| Supply & Demand | 6.5 | average of 5 measures |
| Exchanges (10 or more: 10) | – | exchanges not yet counted |
| Daily volume ($10K 0, $1B or more 10) | 4.9 | $2,354,587 traded in 24 hours; #353 by volume on the exchanges the site reads (scored on the median day of the last 2, $2,880,278) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 6.4 | 1.0% of its market cap a day, median of the last 3 days |
| Order-book depth (bids and asks within 2% ÷ market cap, 1%: 10) | 8 | $691,837 within 2% of the price on 7 exchanges, 0.25% of its market cap, median of the last 2 days |
| Market cap ($1M 0, $10B or more 10) | 6.1 | $275M, 6.1 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 7 | futures, options and margin positions 9.0% of its market cap |
| Supply (smaller is better) | 6.4 | fixed maximum supply of 10 billion |
| Record (origin, claims, halts) | — | Not yet reviewed |
Ten criteria, weighted equally — for a token, the host chain replaces the developer share, the asset class stands in for the consensus ladders, and who can mint more for the Cryptocurrency Standards. Provisional: criteria marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
| To team, investors and treasury | 32% of supply |
|---|---|
| Sold to the public or to investors | 12% of supply |
| Who can mint more | Fixed supply — no one can mint more |
| Fundraising | Private or venture funding |
Whether all 10B were minted at genesis is unclear: a tracker reports ~9.76B minted as of Aug 2026, and rewards are paid from a dedicated pool.
$33-35M raised in total; Series A $18M (Sept 2025) led by PayPal Ventures and General Catalyst, with 8VC, Samsung Next, Coinbase Ventures and others; earlier undisclosed seed. No public token sale found.
Kite docs describe a supply capped at 10B and 'non-inflationary'. The old Ethereum KITE is a LayerZero OFT with an owner but no mint. Mint authority on the Kite L1 itself was not verified.
Counting the foundation-administered ecosystem and modules pools would raise insiderPct to as much as 100. The Binance Launchpool share was a free distribution to stakers and is not counted as sold.
Sources: docs.gokite.ai · newsroom.paypal-corp.com · etherscan.io. Researched 2026-10-23, medium confidence.
It is issued on 5 chains, which means 5 separate issuances of the same claim. Linked names are chains that are themselves cryptocurrencies with a page here.
CoinSpectrum counts an asset once. A token has neither its own blockchain nor its own consensus mechanism, so it fails both of the site's two conditions — it is a thing issued on a chain, and the chain is what is counted. The methodology states the rule, and the argument for it is set out in full.
Listed, not hidden. The point is that it is measured as what it is.