In the past 24 hours, the cryptocurrency market has shown an unusual trend: Bitcoin has fallen alone, while other Altcoins have generally risen, seemingly heralding the strength of the Altcoin season, where the decline of Bitcoin cannot suppress the upward momentum of Altcoins.
Among them, the AI Agents concept coins on the Base Chain have performed particularly strongly, especially the Virtuals Protocol, the most mainstream AI Agents issuance platform on this chain, whose ecosystem tokens have performed exceptionally well.
Virtuals Protocol Altcoin Surge
According to the data from the Virtuals Protocol platform, its ecosystem tokens have generally surged, with the top five tokens by market capitalization seeing the following price increases:
- AIXBT: $313 million market cap, up 16.04% in the last 24 hours
- GAME: $257 million market cap, up an explosive 63.88% in the last 24 hours
- LUNA: $119 million market cap, up a strong 39.32% in the last 24 hours
- TOSHI: $67.2 million market cap, up 8.32% in the last 24 hours
- VADER: $54.9 million market cap, up a staggering 48.43% in the last 24 hours
At the same time, the platform token $VIRTUAL of Virtuals Protocol has also surged 32.3% in the last 24 hours, breaking through $3 and reaching a high of $3.11, with a market capitalization of $3 billion, rising to the 54th largest cryptocurrency.
According to the cookie.fun website, which currently has the most comprehensive data on the AI Agents track, the total market capitalization of the AI Agents tokens in the Virtuals Protocol ecosystem has exceeded $3.96 billion, far exceeding the $900 million of the most mainstream AI Agents development framework ai16z Eliza on the Solana chain.
What is Virtuals Protocol?
Virtuals Protocol (hereinafter referred to as Virtuals) is a one-stop platform for launching AI Agents on the Base Chain. Similar to Pump.fun as a platform for meme coin issuance, Virtuals is a platform for AI Agents issuance. Through Virtuals.Fun, users can create their own AI Agents without programming skills, and tokenize the AI Agents through the officially claimed Initial Agent Offering (IAO). This allows community members to interact with AI Agents and shape their future by holding the tokens.
Virtuals has lowered the threshold for creating and participating in AI Agents, successfully attracting widespread market attention.
Unlike other AI Agents, Virtuals' AI Agents are dynamic and can be used across various platforms, including TikTok, Roblox, X, Telegram, and more.
When the market capitalization of an AI Agents token exceeds 42,000 $VIRTUAL (down from 100,000 $VIRTUAL), the platform will automatically deploy a liquidity pool for that token on Uniswap, and as the market capitalization increases, the AI Agents will gradually unlock more new features, such as chatting, tweeting, TG groups, and on-chain wallets.
Furthermore, Virtuals is also focusing on the interaction between AI Agents and has introduced a new feature called "Token Agentification", which allows users to convert any token into an AI Agent by creating a liquidity pool on its platform using $VIRTUAL.
If you are interested in this topic, please read these two tweets (first, second) to learn more about the technical details and how Virtuals' mechanism allows token holders to benefit from the earnings of AI Agents.
G.A.M.E Hits New Highs
Recently, the most widely discussed token in the Virtuals ecosystem is the GAME token, which has been hitting new highs. As the official development infrastructure token, its price has surged 157% in the past week. The official explanation today is that GAME is like the Shopify of the Virtuals ecosystem.
"Shopify provides low-code payment, logistics, and customer support infrastructure for e-commerce every year, creating over $500 billion in economic activity. Similarly, GAME is a low-code, plug-and-play, modular framework designed for the creation and participation of autonomous agents."
The official added that GAME, by solving infrastructure issues, allows developers to focus on building truly differentiated agent features, helping them stand out from the competition. Looking ahead, Virtuals emphasizes that GAME will become the cornerstone of value creation in the agent society.
Additionally, another official infrastructure token CONVO may also be attracting market attention due to the strong performance of the GAME token. CONVO supports the deep conversation feature of AI Agents, and its price has surged 160% in the last 24 hours, with a market capitalization exceeding $46 million.
AI Agents have become a hot topic in the cryptocurrency market as well as in Web2. However, even the latest o3 model announced by OpenAI (not yet launched) has only reached the "reasoning" stage, and there is still a long way to go before reaching the application of Agents that can truly replace human actions. Whether the market's speculative sentiment can continue until then remains highly uncertain. Therefore, investors should be cautious about chasing high prices and take profits in a timely manner.
