Knit Finance Price

Knit Finance is a cross-chain wrapping protocol that creates wrappers for various assets across multiple blockchains. It allows users to deposit assets into insurance custody and mint wrapped k-assets on any desired chain. Knit Finance aims to unlock the next trillion dollars in DeFi by reducing Ethereum congestion and enabling DeFi growth on other chains. The native token KFT is used for governance and utility within the Knit Finance ecosystem. As of 2025-08-29, KFT is trading at $0.003349 with a 24-hour trading volume of $15.67K. It has a circulating supply of 50.93M KFT KFT tokens and a total supply of 100M KFT. The current market cap is $170.57K, ranking KFT at #4648 among all cryptocurrencies. Knit Finance was launched in September 2021 and has since gained traction as a solution for cross-chain asset wrapping and DeFi interoperability.

Knit Finance was created on September 2, 2021. The project launched its token on the Ethereum blockchain, marking the beginning of Knit Finance's journey in the decentralized finance (DeFi) space. Since its creation, Knit Finance has been working towards its goal of providing cross-chain wrapping solutions for various assets across multiple blockchain networks.

The founders of Knit Finance are not publicly disclosed. Knit Finance was launched in 2021 as a decentralized finance (DeFi) project focused on creating cross-chain wrappers for multiple types of assets. While the founding team has chosen to remain anonymous, they have developed Knit Finance as a packaging protocol that aims to enable asset interoperability across different blockchain networks. The project's goal is to open up DeFi to trillions in assets while reducing congestion on Ethereum and helping DeFi expand to other chains. Though the specific founders are unknown, Knit Finance has established partnerships and continues to be actively developed.

Knit Finance operates as a cross-chain wrapping protocol that enables the creation of wrapped assets across multiple blockchains. Users can deposit assets into insured custody and mint wrapped k-assets on their desired chain. This process opens up trillions in assets to DeFi, reduces Ethereum congestion, and promotes DeFi growth on other chains. Knit Finance utilizes real-world insurance for all deposited assets, minimizing risks for both individual and institutional users. The KFT token powers the Knit Finance ecosystem, facilitating governance and incentivizing network participation. With a current price of $0.003349 and a market cap of $170.57K, KFT has shown resilience in the volatile crypto market. The token has a circulating supply of 50.93M KFT out of a total supply of 100M KFT, with a maximum cap set at 100M KFT. Knit Finance's innovative approach to cross-chain asset wrapping positions it as a potential key player in the expanding DeFi landscape, aiming to bridge the gap between traditional finance and the decentralized world.

Knit Finance utilizes a multi-chain architecture to enable cross-chain asset wrapping and transfers. The core components include: 1. Smart contracts on Ethereum and other supported blockchains for minting wrapped assets 2. Cross-chain bridges to facilitate asset transfers between chains 3. Insurance custody system to securely store deposited assets 4. Liquidity pools on various chains to support trading of wrapped assets 5. Governance mechanism using the KFT token for protocol decisions This architecture allows users to deposit assets on one chain and mint wrapped versions on other chains, opening up DeFi opportunities across multiple ecosystems. The system is designed to be scalable and interoperable, with plans to support more blockchains and asset types over time. Security is ensured through audited smart contracts and real-world insurance backing for deposited assets.

Knit Finance has an ambitious roadmap for the future. Key milestones include: 2025: Expanding cross-chain interoperability and launching on additional blockchains. 2026: Introducing new DeFi products and services built on the Knit Finance protocol. 2027: Partnering with major financial institutions to bring traditional assets on-chain. 2030: Aiming to become a leading platform for tokenized real-world assets. Long-term vision: Bridging traditional finance and DeFi, with Knit Finance as the go-to solution for cross-chain asset transfers and management. Price projections: 2026: $0.003851 2025 + 3: $0.0047 2030: $0.005207 2035: -- The team is focused on continuous development, security enhancements, and expanding use cases to drive adoption and value for KFT token holders.