[Analysis] An Analysis of Kin’s On-Chain Activity - Coin Metrics

Coin Metrics analyzed Kin's ($KIN) blockchain in order to assess their claims on activity and usage, two of which are of particular note and come from Kik's response to the SEC's lawsuit. According to Coin Metric's research, after filtering out account creations, Kin still has a relatively high number of on chain payments compared to other blockchains. But when measuring by transfer value, Kin ranked well below other major blockchains included in the Coin Metrics sample. Kin also falls below the dominant blockchains in terms of daily active addresses; but growth continues. has been increasing. Ultimately, what our data show is that Kin’s users are transferring small amounts, and paying low fees and a majority of Kin’s active addresses have small account balances.