Kin Community Approves Move From Stellar Fork to Solana's Blockchain

Devs, node operators and the Kin Foundation board have approved its move from a fork of the Stellar blockchain to Solana's network.

AccessTimeIconJun 19, 2020 at 4:00 p.m. UTC
Updated Sep 14, 2021 at 8:54 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Almost a month after announcing its proposal to migrate to the Solana Blockchain, the Kin cryptocurrency project announced Friday the move had been approved by its board and community, and a transition plan would be released in the coming weeks.

The Kin Foundation said in a press release the move to Solana’s blockchain was in response to a growing user base, which was hitting limitations on the Stellar blockchain fork the cryptocurrency is currently built on. According to the firm, the cryptocurrency currently has over 3 million active monthly spenders and has been integrated into 57 different, mostly mobile, applications. 

App developers, node operators and the Kin Foundation’s board members (Ted Livingston, who founded the Kik messaging app and is the face of Kin, and William Mougayar, an author who hosts the annual Token Summit conference) voted on the proposal, which was released on Github last month.

“They had already been pushing against the limits of the Stellar fork,” Mougayar said

He said a rise in users meant that the Kin cryptocurrency needs to be able to process more than 100 transactions per second, which is the upper limit on the Stellar fork. 

According to Anatoly Yakovenko, Solana’s co-founder, the blockchain can handle up to 60,000 transactions per second on its current mainnet. 

“In addition to speed, Solana’s natural ability to scale turned out to be a major determining factor in their (Kin’s) decision,” Yakovento told CoinDesk. 

This is also not the first time the cryptocurrency has changed blockchains. Launched by Kik in 2017, Kin was originally built on the Ethereum blockchain, but a few months later it announced that it would use Ethereum for security and the Stellar blockchain for transactions. Then in May 2018, Kin announced that it would fork Stellar’s blockchain to create its own.

According to the firm’s emailed statement, as part of the crypto’s transition to Solana, the blockchain firm has also promised to give 1% of all of Solana’s token supply (amounting to $3.5 million) as grants to the Kin Foundation. 

Even as Kin continues to expand its user-base, the regulatory troubles it faced in the past have continued to persist

“Kin is not getting much recognition in the marketplace, unfortunately because of the SEC [U.S. Securities and Exchange Commission] darkcloud,” Mougayar said.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.