The bubble has burst, is the AI ​​Agent craze coming to an end?

Author: Golem, Odaily Planet Daily

Recently, tokens in the AI ​​Agent sector have generally experienced a correction.

According to GMGN data, VIRTUAL, the mainstream AI Agent token in the Base ecosystem, fell by more than 39% in the 7th day, AIXBT fell by more than 20% in the 7th day, GAME dropped by more than 30% in the 7th day, and LUNA dropped by more than 50% in the 7th day; the mainstream AI Agent in the Solana ecosystem The token ai16z fell by more than 45% in the 7th day, ELIZA fell by more than 48% in the 7th day, and swarms and ARC fell by more than 38% in the 7th day.

More than three months have passed since GOAT launched a new model of combining AI and Crypto, and then ai16z and Virtuals carried forward the encrypted AI Agent narrative. Therefore, there are many opinions in the market that the AI ​​Agent hype boom is over, and those who have not yet cleared their positions have become the payers of this "feast". Some even liken this round of AI Agent boom to "faster-paced inscriptions" upsurge".

Is the AI ​​Agent craze coming to an end? The answer is not so.

What stage has AI Agent reached?

It is undeniable that in investment, we must respect cycles, enter the market before it reaches its climax, and leave the market before the craze fades. The AI ​​Agent is currently in the squatting period before charging up for a high jump.

CEX’s impact on prices continues to decrease

From the perspective of market sentiment and liquidity market, people generally regard the listing of the currency on Binance, the "universal exchange", as the end point of an on-chain target. When Binance lists the spot of popular tokens in a certain sector, it also means that the sector Ushering in the dual climax of market sentiment and liquidity, at the same time, the market will become silent after a period of FOMO. However, in this round of AI Agent narrative, the impact of CEX listing on tokens may not be as great as imagined.

According to public information, Binance has launched perpetual contract trading on ai16z and swarms. In terms of spot trading, it only launched AIXBT on January 10. Although the launch of ai16z and swarms contracts brought short-term market FUD and caused the price to fall, they also rebounded subsequently; similarly, even though Binance announced the launch of AIXBT spot, it brought short-term FOMO prices for a few hours. also returned to normal levels.

According to Cointelegraph statistics, on January 7, spot cryptocurrency trading volume accounted for more than 20% for the first time on DEX. As more and more people trade on the chain, the impact of CEX on the price of the underlying on-chain will continue to decrease.

AI Agent is the metaverse of 2025

In 2021, the world will be crazy about the Metaverse, and in 2025, the world will be crazy about AI Agent.

The Metaverse in 2021 is not only a hit in the web3 field, but also a craze among web2 Internet companies. The most iconic event is undoubtedly the renaming of the social software giant Facebook to Meta, all in the Metaverse. NVIDIA in 2025 is just like Meta back then, attracting attention in the AI ​​Agent wave. NVIDIA founder Huang Jensen mentioned in his keynote speech at the CES 2025 US Consumer Electronics Show, "More than 30 million developers around the world will have If you don’t have your own software assistant, you will lag behind those in the industry. In addition, AI Agent is expected to become the next robotics industry with an industry scale of trillions of dollars.”

web3 has always been interested in combining "popular narratives", ranging from hot trends in the technology industry to a killed squirrel in the United States. The Metaverse craze in 2021 gave birth to companies like Decentraland in web3. Excluding derivative assets, the market value of its tokens alone exceeded US$10 billion at its peak. Today, neither ai16z nor virtuals have reached a market value of tens of billions.

2025 is the year of the explosion of AI Agent. The traditional web2 technology industry has not yet finished pursuing it, and web3 has just begun.

Is AI Agent a faster-paced version of Inscription?

In addition, there is also a voice in the market that interprets AI Agent as a faster-paced version of Inscription. There are indeed some similarities between the two. For example, the fair issuance model of AI Agent through pump.fun is similar to the fair casting of inscriptions; the dispute over the AI ​​Agent framework is just like the dispute over the Bitcoin ecological asset issuance agreement. Overall, the differences between the frameworks There is no big difference, but there are subtle differences; the opening speed of the target with a better narrative is similar to the short-term casting of the inscribed hot asset.

But there are also differences between them:

• AI Agent has higher market acceptance and recognition: This round of AI Agent was born in the fertile soil of Solana Meme, and has higher market acceptance. Moreover, AI Agent is not the first combination of AI and Crypto. Players have previously received market education and recognition. degree is higher.
• AI Agent is a construction from 1 to 100: Inscription was born in the "barren soil" of the Bitcoin ecosystem, and ecological construction is a creation from 0 to 1; while AI Agent is a construction from 1 to 100, in terms of liquidity, Solana already has a complete infrastructure; in terms of technology, we can also find many references in the AI ​​industry. Therefore, the ecological construction of AI Agent will be much faster.
• Broader scope of narrative: As mentioned above, 2025 is the year when AI Agent breaks out. Although web3’s AI Agent is slightly different from the traditional technology industry, it is still in the trend. The market scope and market participants are wider. It is A very long-term narrative that may even break the circle.

Frankly speaking, Web3 does not have an eternal narrative, and the AI ​​Agent craze may subside, but at least it is not time for the bubble to burst. As for the reason for this large-scale correction, it cannot be ruled out that...