Weekly token unlocks: KITE release equals 27.9% of circulating supply, with $76.84 million in value

News Editor

2026-11-01 00:40:29

MarsBit’s weekly token unlock roundup highlighted KiteAI as the largest release in relative terms, with 670 million tokens set to unlock, worth about $76.84 million and equal to 27.9% of circulating supply. The report also listed Ethena, which is unlocking 140 million tokens valued at roughly $25.64 million, and Bitway, which is unlocking 100 million tokens worth about $110 million. Beyond the unlock figures, the source outlined each project’s positioning. Ethena’s USDe was described as relying on BTC, stETH and their native yield as collateral while using short BTC and ETH positions to balance delta and capture perpetual or futures funding rates. Bitway was presented as a Bitcoin-compatible appchain built with Cosmos-SDK and CometBFT, focused on native DeFi infrastructure for the Bitcoin ecosystem. Kite AI was described as building a base layer for an “Agentic Internet,” with identity, payments and governance rails for autonomous agents. The source also included each project’s X account and website.

Token Unlocks KiteAI Ethena Bitway USDe Market Analysis

MarsBit’s weekly token unlock update put KiteAI at the center of this week’s list, saying its upcoming release equals 27.9% of circulating supply.

KiteAI: 670 million tokens worth about $76.84 million

Kite AI is building what it calls the base layer for the “Agentic Internet.” In the source text, it is described as an open and decentralized network where autonomous agents can operate in an interoperable and verifiable environment.

The project’s design, according to the report, incentivizes both the supply and use of agent services. It also provides unified rails for identity, payments and governance, allowing agents to authenticate, transact and collaborate without intermediaries.

The unlock amount is 670 million tokens, with an estimated value of about $76.84 million.

X account: https://x.com/GoKiteAI
Website: https://gokite.ai/

Ethena: 140 million tokens worth about $25.64 million

Ethena Labs’ algorithmic stablecoin USDe currently relies on BTC, stETH and their native yield as collateral, while also creating short BTC and ETH positions to balance delta exposure and use perpetual or futures funding rates to maintain the peg and generate yield.

The source said the model uses spot-side yield to offset losses from a 1x short position, while still collecting ETH staking yield and short funding fees.

The unlock amount is 140 million tokens, valued at about $25.64 million.

X account: https://x.com/ethena_labs
Website: https://www.ethena.fi/

Bitway: 100 million tokens worth about $110 million

Bitway is described as a Bitcoin-compatible appchain built on Cosmos-SDK and CometBFT, aimed at providing native DeFi infrastructure for the Bitcoin ecosystem.

According to the source, it supports native Bitcoin lending, uses Discreet Log Contracts, or DLCs, for non-custodial collateral, and includes a validator-operated FROST-signature cross-chain bridge, ɃTCT, for transfers between Bitcoin and other chains.

The unlock amount is 100 million tokens, with an estimated value of about $110 million.

X account: https://bitway.com/
Website: https://x.com/BitwayOfficial

The source noted that a detailed release schedule followed each project entry, but those charts or figures were not included in the provided input.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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