The flow of capital is showing strong signs of shifting towards new Tokens related to AI agent. In particular, Base - a non-Token blockchain developed by Coinbase - is emerging as an ideal platform for launching and testing AI agents at low cost. This is helping Base establish its position, and it may even surpass Solana to become the leading hub for AI agent applications.
This strategic shift has become more evident towards the end of 2024, especially after the official launch of the Virtuals Protocol. This platform provides tools and a favorable environment for deploying AI agents, driving rapid development of the ecosystem on Base.
Interestingly, the trend towards AI agents was detected and analyzed by an AI agent - NomAI. NomAI, designed to process data from selected smart wallets, discovered an increase in smart capital flowing into Base. This not only garnered attention but also sparked a new frenzy around AI Tokens, further reinforcing confidence in the potential of this trend.
The influx of capital was observed immediately after the Virtuals Protocol (VIRTUAL) Token became the strongest performing Token of the year, despite its relatively late appearance. VIRTUAL surpassed even meme trends and previous AI narratives.
The new investment capital is flowing in at a time when the market share for AI Tokens has reached a peak according to data from Kaito AI. However, the latest data suggests that whales are aware of more opportunities in this field, beyond the available Liquidation on Base.
The general attention to the Base chain has also revived the BRETT Token, as well as the Aerodrome (AERO) Token of the most active DEX. Base remains the primary DeFi network, with over 36% of the volume dedicated to DEX and Token swapping activities.
After the initial development phase, there are increasing signs of smart money wallets shifting to Base and purchasing Tokens of the latest meme protocols. VIRTUAL, AIXBT, and GAME are among the top choices for these strategic accumulation wallets. They have invested over $205 million into the AI agent narrative.
While the Virtuals Protocol continually spawns new agents and has become one of the leading launchpads, Solana remains the platform for reputable Tokens. According to data, Solana has the presence of AI agents, including AI16Z, valued at $1.39 billion, which is building the ELIZA launch platform.
Almost all chains have entered a phase of relying on platforms to attract more users, as individual features alone cannot sustain user interest or promise high valuation for new Tokens.
ZEREBRO is the rising meme AI star on Solana this December, along with GRIFFAIN. Additionally, FARTCOIN trading remains popular with a market capitalization close to $1 billion.
AI agent Tokens are also present in versions on various chains and DEXes, while Base is competing to capture more Trading Volume.
Newer agents are replicating the Virtuals Protocol model, quickly creating and testing various agent features to see which will be most successful on social media. The AI agent market is also driving the GPU rental crypto market, although the underlying infrastructure Tokens have not yet seen the same surge as meme assets.
The entire AI agent Token collection has once again expanded its market capitalization to over $10 billion, just a few days after dropping to $8.7 billion. The older AI Tokens still maintain their dominant positions and higher Liquidation, but the Virtuals Protocol Tokens are gaining attention and interest from traders.
Available crypto platforms and Web3 features are tools for quickly launching AI agents with wide social media reach. The entire AI agent market has grown and reached $5.1 billion by 2024, with use cases and products still developing. By 2030, the non-crypto AI agent market is predicted to grow over 44% annually, expanding to over $47 billion.
While crypto AI agents have not yet achieved fully autonomous trading capabilities, they have begun to make their mark in market analysis. The AI narrative is increasingly capturing the attention of the entire market, with many eyes focused on the potential development of this technology. Most notably, Gemini - a promising AI agent - is expected to be the center of attention by the end of 2024.
Disclaimer: This article is for informational purposes only and not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.
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Minh Anh
