- Transaction volumes in the Virtuals ecosystem dropped hard
- In the last several months, daily revenue went from $500,000 to $500
- At the start of 2025, it was projected that total market capitalization of AI tokens would be up to $60 billion
A recent chart of transaction volumes for tokens in the Virtuals ecosystem shows a big drop since the start of this year, but there’s a slight uptick in April.
Four months ago, Virtuals’ daily revenue peaked at $500,000, but it was all downhill from there – to the point where daily revenue was roughly $500 at the beginning of April.
What Drove the Decline in the Virtuals Ecosystem?
However, it’s worth noting that the chart shows a rise in the following days. It suggests a potentially renewed interest in AI tokens, which may indicate an accumulation zone before a price recovery.
Though it might be too early to tell if that will be true, the fact remains that during 2025, the AI token market was projected to reach a total market capitalization of up to $60 billion. Or at least, that’s what Gracy Chen, CEO of cryptocurrency exchange Bitget, said.
In any case, the data showing Virtuals transactions going up in the last couple of days could indicate some positive news for AI tokens, especially because of the rough months behind. In late January, Virtuals expanded into the Solana ecosystem, but even that didn’t help stop the plunge.
According to Dune Analytics, the total AI agent market cap is $185.76 million. It’s important to note that a good part of that is assigned to AIXBT – $83.028 million, to be exact. AIXBT is an AI agent’ driven crypto market intelligence platform.
That said, AIXBT has dropped 92% since hitting an all-time high of $0.90 in mid-January. Currently, the price is sitting at around $0.08349.
What is Virtuals?
Virtuals Protocol was launched in October 2023 on Ethereum’s Layer 2 network. It was designed to enable users to create and monetize AI-powered agents for various applications.
The platform had major success in its early days, with its native token VIRTUAL constantly on the rise and eventually reaching a $4.619 billion market cap at the very start of this year, per CoinMarketCap’s data.
However, the interest waned and the revenue dropped, as well as the daily launches, which went from thousands to below hundred.
The slight increase in April might be a sign of better days to come for the platform, although that will likely depend on how extensive the integration of AI agents into different applications will be, including crypto transactions and customer service automation.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
