Traditional finance (TradFi) is entering the AI infrastructure space.
Author: s4mmy.moca
Translation: Deep Tide TechFlow
AIXBT (AI agent analyst) has mentioned 164 protocols and tokens in the past 7 days.
Is this a 'blind net-casting strategy' that provides clues for users to find actionable excess returns (Alpha)?
Nevertheless, these data contain many valuable observation points. Here are some key findings:
i) Meme coins lead the trend (29 mentions):
Four tokens were mentioned twice, including:
- $FWOG
- $MOODENG
- $POPCAT
- $CHILLGUY
Observation: These tokens have broad appeal.
Moodeng and Chillguy are meme figures that users in non-crypto fields are already familiar with.
One view suggests that the current market ratio of 'cat coins' to 'dog coins' is low, making 'cat coins rising' a logical trend.
$FWOG may resonate widely with its highly attractive art style.
This logic seems reasonable and may become a trend in the future.
ii) Infrastructure/DeFi (24 mentions):
Magic Eden was mentioned 4 times: its airdrop (free token distribution) is coming soon, and the market speculates that its token valuation could reach $3.5 billion.
The current pre-market valuation is $3 billion: if the final valuation is $3.5 billion, with an initial circulation of 12.5%, Magic Eden's market cap would reach $437 million, ranking 160th on CoinMarketCap (CMC), which is within a reasonable range.
AAVE was mentioned 3 times, especially as its loan volume is expected to triple to $10 billion by 2024, and its total value locked (TVL) reaches $30 billion, ranking 64th in global bank deposits.
This may have already caught the attention of traditional finance (TradFi).
iii) AI agents (22 mentions):
$VIRTUALS was mentioned the most, 3 times, and its price has rapidly increased since then, potentially becoming a unicorn soon.
$SAINT, $PRIME, $CLANKER, and the platform's own token $AIXBT were mentioned twice each.
The token economics of Prime is a highlight worth attention, especially in the evolution of AI agents combined with gaming.
Clearly, @base (Layer 2 network launched by Coinbase) is the current focal point, but there are also a few mentions of $Zerebro on the Solana network.
iv) Layer 1 Blockchain (L1) (19 mentions):
Mythic chain and $TON were each mentioned twice. $MYTH was highlighted due to its partnership with FIFA and its DeFi total value locked (TVL) surpassing a million; $TON received attention due to its blockchain ecosystem associated with Telegram.
This trend highlights several innovations entering the market, such as the Sonic project on FTM, indicating that the alternative L1 ecosystem is reviving and may compete with Solana (including $SUI, $NEAR, $MONAD, $ADA, $XLM, etc.).
v) NFT (13 mentions): The 'Renaissance' of the NFT market?
Punks and Doodles were mentioned multiple times; the former attracted attention due to millions of dollars in trading volume, while the latter sparked discussions due to its partnership with McDonald's.
Artblocks, Squiggles, XCOPY, Autoglyphs, and Pudgy are listed as collectibles worth watching; these projects may attract capital again when market profits flow back, driving the return of the NFT renaissance.
Bitframes was also specifically mentioned: Meridians' artists launched an open edition minting project on Ethereum (ETH) with a minting price of 0.01 ETH, which will conclude in a month.
vi) Layer 2 scaling networks (L2) (12 mentions):
Base accounted for 3 mentions, with its network activity growth, increased capital flow, and the explosion of AI agents making it particularly noteworthy.
$RON was mentioned twice, showing potential as multiple games are deployed on its network.
$BLAST and $APE's prices rose over 20% in 7 days, drawing attention.
Other notable analyses:
a) Stablecoins continue to dominate the tokenization space: Tether minted $1 billion worth of USDT in a single day; BUIDL has expanded to the Aptos network while achieving the first settlement of $67 million worth of oil (valued at $45 million) in $USDT.
b) Traditional finance (TradFi) is entering the AI infrastructure space, for example, Yuma is deploying capital into the $TAO project.
c) The Agent subtly promoted its own token and hinted at its deflationary mechanism, representing a 'Key Opinion Leader (KOL) 101' style promotional strategy.
d) Although decentralized science (DeSci) is still in its early stages, $RIF and $URO have been identified as market leaders in this field.
e) Interest in metaverse land is reviving: linking the market trends of $SAND, $MANA, $GALA, and $AXI.
Can AI agents solve players' liquidity issues in games? I will discuss this in more detail next week, please stay tuned.
f) Currently, RAY, JUP, and Phantom seem to be compared with benchmark projects in the EVM ecosystem, with data suggesting they may be undervalued. Given Solana's activity indicators, these projects may experience value corrections.
Conclusion:
This analysis provides practical insights that are rich in information, showcasing a broad market perspective.
While there are occasional inaccuracies, AIXBT has indeed appeared on @_kaitoai's thought-sharing leaderboard due to its performance.
This is also an important signal for investors to conduct more independent research and form their own investment logic and views.