Meme coins account for 41% of the crypto AI market share, but DeFAI is growing

Binance Research has just released a report on the DeFi field, detailing the main trends in this prominent area. The report describes four main areas, all directly related to AI agents.

The report shows that meme coins dominate the AI market share in the crypto market, but DeFi is developing rapidly.

Binance Research Studies DeFi

Binance's research department regularly compiles in-depth studies about the current industry. Today, they continue this trend as Binance Research releases a report on DeFi, calling it the future of on-chain finance:

"The integration of artificial intelligence into crypto is shifting from novel to infrastructure. What began with experiments... has started to evolve into a more profound and systematic transformation of how decentralized finance (DeFi) is built, used, and expanded," the report begins.

DeFi, the integration of AI and decentralized finance, has become increasingly prominent in recent months. However, it is still far from the top position in the AI industry.

Binance Research analyzed the market capitalization of different AI sub-sectors, determining that DeFi only accounts for 10%. So far, AI meme coins are much more prominent.

However, Binance states that AI agents will drive DeFi's long-term success. They describe four main architectural layers in DeFi, all related to AI agents.

These include the agents themselves, frameworks for determining their design, protocols for building them, and markets for distributing them. The report also explores some examples of each type.

Some recent developments have proven these bold claims. For example, AI agents have recently increased in number despite declining markets and have moved ahead of the industry during recovery.

This morning, Tether announced QVAC, a major project that could fit Binance's definition of a DeFi agent framework or protocol, depending on undisclosed details.

Looking ahead, Binance Research has highlighted some potential concerns for the DeFi field. Two important factors are ownership and transparency, both closely related to the crypto community's perception.

They also question the extent to which AI agents should directly participate in decentralized governance. As agents spread everywhere, the potential for abuse will only increase.

In summary, Binance Research is very confident in the potential of DeFi. These agents are automated, modular, and intelligently decentralized, which can bring significant benefits along with potential risks.

However, as long as human operators implement strong protective measures and standards, these tools can create the future of crypto.