- Bittensor and NEAR lead AI crypto platforms with the highest market capitalizations.
- Tools and apps like RENDER and FET highlight AI’s expanding blockchain utility.
- Lower-cap projects target decentralized AI infrastructure and consumer content solutions.
Grayscale has released an updated report identifying 17 key crypto assets classified under its Artificial Intelligence Crypto Sector. The report highlights a growing overlap between blockchain infrastructure and AI capabilities, providing a categorized view of projects based on function, market size, and utility. The classification covers AI Platforms, AI Tools & Resources, and AI Apps & Agents, outlining their roles and valuations in a rapidly developing sector.
According to the report, Bittensor (TAO) holds the top spot with a market capitalization of $3.8 billion and a fully diluted value of $9.3 billion. This is followed closely by Near Protocol (NEAR) with a market cap of $3.6 billion, marking a shift from its earlier classification under “Smart Contract Platforms” to a more AI-focused role.
While fewer in number, AI Platforms hold the highest market valuations among the three subcategories. TAO and NEAR represent the most capitalized assets in this group, signaling their central role in delivering scalable infrastructure for AI-blockchain applications.
AI Tools and Applications Expand Reach
In the Tools & Resources and Apps & Agents categories, large cap assets lreflect AI’s broad utility in blockchain ecosystems. Render Network (RENDER) has a market cap of $2.5 billion, followed by the Artificial Superintelligence Alliance (FET) at $2.3 billion and Worldcoin (WLD) at $2.1 billion.
Smaller projects like Grass, io.net, and others in these categories are contributing to the development of compute, data, and software resources optimized for AI processing. These assets show how decentralized networks are supporting AI deployment in user-facing services and operational backends.
Related: Grayscale Seeks Green Light for Polkadot (DOT) ETF: Crypto Diversification Heats Up
Consumer-Facing AI Projects Also Represented
In addition to infrastructure-focused platforms, the report includes several lower-cap projects categorized under Consumer & Culture. These include Story Protocol (VIRTUAL), Theta Network (THETA), and Arkham Intelligence (ARKM), all of which explore AI integration in areas such as content production and user data analytics.
Notably, even micro-cap tokens like Venice.ai (VVV), Golem (GLM), and io.net, each valued below $300 million, were also included for their focus on decentralized infrastructure and resource-sharing mechanisms. By organizing the sector based on both functionality and market dynamics, Grayscale’s report provides a comprehensive overview of how blockchain is evolving along with Artificial Intelligence (AI). As support from institutional capital flows, these projects are expected to play a foundational role in shaping the future of decentralized technology.
Related: Grayscale’s New Top 20 List Shakes Up Rankings – Adds AVAX and Morpho; XRP, ADA Still Absent
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