AI agents are showing significant growth in the Web3 ecosystem, but the current state of AI tokens indicates instability in this segment.
Growth in AI Agent Usage
According to a DappRadar report from June 26, on-chain activity tied to AI agents has grown 86% since January, reaching 4.5 million daily unique active wallets in June. This growth has led the sector to capture 19% of total Web3 activity, up from 9% at the start of the year.
Market Analysis of AI Tokens
Despite the rapid adoption of AI agents, market sentiment around AI tokens has cooled significantly. The total market capitalization of AI tokens has decreased by 64% from its peak in early June, from $16.6 billion to $5.9 billion. Although the daily trading volume of $1.4 billion is still high, the decline highlights the volatility that still defines much of the space.
Future Prospects of AI in Web3
Despite the decline in market capitalizations, there is considerable capital backing this trend. With $1.39 billion raised so far this year, AI agent projects have already exceeded 2024's full-year total by 9.4%. According to DappRadar, the Web3 AI industry is at a turning point where usage metrics are increasing while token prices are decreasing. If actual utility catches up with the hype, AI agents could become a defining layer of user experience in cryptocurrency.
AI agents in Web3 continue to demonstrate consistent growth in usage, but instability in the token market may hinder the further development of this segment.
