Before discussing the future potential of AI AgentFi, let's start from the big picture and review what exactly happened in this round of the crypto cycle.
Bitcoin's independent rise, has the crypto world 'fallen out of favor'?
Once upon a time, Bitcoin was synonymous with the crypto world; buying Bitcoin was a faith recharge for crypto. However, in this cycle, Bitcoin seems to have started to 'detach' – from presidents to listed companies, recognizing Bitcoin's value has become 'politically correct'.
The problem is that mainstream funds and society's recognition of cryptocurrencies is limited to Bitcoin.
Why is this so? The reason is simple:
Bitcoin's golden attributes: regarded as an alternative asset, hedging against inflation and preserving asset value, aligning with traditional capital appetites.
The awkward positioning of Ethereum and Altcoins: In the eyes of Wall Street, they are more like 'meme stocks among tech stocks', lacking mature business models and not having the user scale and product strength of hardcore tech companies (such as NVIDIA, Microsoft).
Furthermore, in the current macro environment, rising interest rates and insufficient monetary easing have directed more market funds towards AI stocks and GPUs, rather than crypto assets.
The 'supply and demand imbalance' within the crypto circle.
Since off-market funds are absent, can on-market funds support this game? Based on the total amount of stablecoins and contract positions, the scale of on-market funds far exceeds the last bull market, but why do most altcoins still have no hope of new highs?
Root Cause: Supply and demand imbalance.
Supply side: A large number of highly valued financing projects lack actual users, and even product landing is still a long way off.
Demand side: After the FTX incident, centralized exchanges have faced regulatory pressure, no longer serving as efficient exit channels, leading to insufficient growth momentum on the demand side.
Meme coins break the deadlock, AI Agent track takes over.
In the past year, meme coins have driven wealth effects through 'no VC, fair launch, low market cap soaring', reshaping asset issuance and trading methods. However, meme coins ultimately represent a carnival for extreme users, unable to attract mainstream capital and users.
The charm of the AI AgentFi track lies in its ability to break down barriers and provide reasons for everyone to participate:
Institutions and Fund LPs: Can tell the story of 'investing in AI infrastructure'.
Geeks and Degen players: Can find meme-like and golden dog-like on-chain gameplay.
VCs and practitioners: Can logically and coherently invest in AI Agent projects.
AI AgentFi is precisely the greatest common factor of this Web3 cycle.
The 'mid-game' of AI Agents.
According to data, the total market value of the AI Agent track is $18.6 billion, only 64% of DeFi's total market value and 62% of Layer2's total market value. This indicates that the upward potential of AI Agent is still huge, and the track has not yet reached its peak.
Like the sun at noon, it is already dazzling enough, but the most intense highlight moment is still ahead. Messari's research is also optimistic: AI Agent is currently only in the mid-game phase, and a bigger explosion may come in the future.
Summary: The golden age of AgentFi has just begun.
The next 10x growth opportunity lies within the AI AgentFi track. Want to know more about market trends and investment logic? Remember to follow Lao Tan and get ahead of the next cycle's wealth secrets!
