The Base AI series tokens experienced significant gains today, with VIRTUAL breaking through all-time highs, CLANKER's market value exceeding US$100 million, and the addition of BUG further solidifying the market's attention to the Base ecosystem.
Last week, Vitalik and Jesse successively invested in ANON, a meme coin of Base ecosystem, which stimulated the market's enthusiasm for Base's AI tokens. With the combination of AI technology and cryptocurrency, Crypto AI projects have gradually moved away from traditional AI concepts and moved towards new developments. The market value of AI tokens such as GOAT has exceeded US$800 million, and AI16Z has started to invest in DAO, marking that AI has injected new impetus into the narrative of the currency circle.
The transition from AI meme to AI Agent is accelerating, and the AI+Crypto narrative is evolving rapidly. Virtual Protocol stands out in this trend, with its token VIRTUAL rising more than 4 times in just one week and a market value of nearly $500 million. The rise of AI Agent marks a new direction for crypto investment.
AI in late autumn, Base leads the trend
The Base ecosystem promotes the abstract concept of Crypto to the extreme. The AI boom is called "AI Autumn", which echoes the previous Onchain Summer and Builder Spring. Why did Base rise so quickly in this year's AI boom? This is inseparable from its "AI chain" concept.
Virtual Protocol is an AI project on Base. Base was chosen because it supports a decentralized open AI agent network and provides a developer-friendly environment. Coinbase CEO Brian Armstrong also supports the decentralized development of AI and promotes Base to implement this concept.
The multi-party computing wallet (MPC wallet) launched by Coinbase Developer Platform (CDP) is integrated with AI Agent, allowing AI to realize payment functions. This function is not accidental, but a strategy that Coinbase has planned for a long time. As early as May, Armstrong proposed a self-hosted wallet that supports AI Agent, and in September, it released a development SDK to enable Bot and AI Agent to perform multiple operations such as trading, staking, and NFT deployment.
Recently, Coinbase developers released the "Based Agent" tool, which allows users to create an AI agent with crypto wallet functions within 3 minutes. It can perform tasks such as on-chain transactions, token swaps and staking, demonstrating Base's strong support for AI+Crypto integration.
Liquidity is ready to go
However, in the cryptocurrency world, whether an ecosystem or narrative can take off ultimately depends on the flow of money.
According to Artemis data, Solana has received the most capital inflows in the past three months, reaching $1.6 billion, but Base has received the most capital inflows in the past month, reaching $253 million. In other words, Base has surpassed Solana in terms of capital growth rate in the past month and has become the first.
As can be seen from the figure below, the overflow funds of Ethereum and Solana also mainly flowed to Base.
On September 12, Coinbase officially announced that it has officially launched its wrapped Bitcoin token Coinbase Wrapped BTC (cbBTC), which runs on the Ethereum network and is backed by 1:1 Bitcoin. With the launch of cbBTC by Coinbase, Base's on-chain assets, such as AERO, WELL, VIRTUAL and other projects, have actually felt the injection of liquidity.
In addition, Coinbase Wallet and USDC infrastructure also ensured liquidity on Base. On October 26, Base processed $18.1 billion in stablecoin transactions (99.9% of which were USDC), accounting for more than 30% of all stablecoin transactions on that day.
The future development of the AI Agent track can focus on the following four points: First, projects that rely solely on Agent narratives are difficult to stand out and need to attract the market through differentiated competition; second, AI Agents will gradually move from independence to interconnection, improving user experience; third, tool projects that support Agent development (similar to infrastructure) will have greater market opportunities; finally, the main revenue of Agent products comes from the B-end, while the C-end is used to accumulate word-of-mouth and market communication.
As Coinbase and Base set the stage for the AI space, you can follow projects like Virtual to participate in the AI Autumn craze. The second wave of Base AI token craze has begun in Farcaster, and this article will recommend Base AI token projects worth paying attention to.
CLANKER
CLANKER is an AI Agent developed by dish and proxystudio.eth. Its native token CLANKER has become a decentralized token generation platform. Users can generate tokens and obtain management links by @Clanker on the Farcaster platform and entering the token name. CLANKER has successfully redefined the community participation and asset creation model. It has supported the creation of nearly 2,000 tokens to date, among which projects such as LUM and ANON have risen rapidly. The current market value of CLANKER has exceeded 15M US dollars, with a 24-hour increase of 52%.
LUM
LUM is a meme coin created autonomously by two AI agents, Aether and Clanker. On November 8, user nathansvan challenged Aether to design a token name, symbol, and image concept, and deploy it through Clanker. Aether accepted the challenge and created a token called "Luminous" (code LUM), which symbolizes the collaborative wisdom of humans and AI, and is completely generated and deployed autonomously by AI.
This event is a milestone because it is the first time that an AI agent has autonomously created a unit of economic value. The birth of LUM does not rely on human ideas or manual instructions, but is generated through autonomous collaboration of AI, blurring the boundaries between human and machine creativity, challenging traditional perceptions of creation and value, and prompting us to re-examine the foundations of economy and innovation.
ANON
ANON is also an anonymous posting function token combined with ZK technology launched by Clanker. It was born in the Farcaster client application Supercast ecosystem. The Superanon function launched by Supercast allows users to post anonymously. Users can post anonymous posts or use advanced functions on Farcaster by holding a certain number of ANON tokens. For example, holding 30,000 ANONs can unlock the basic posting function, while more advanced functions such as promoting posts to platform X or deleting content require 1 million ANONs.
This morning, Ethereum Vitalik and Base protocol leader Jesse purchased 30,000 ANON tokens respectively to experience the Superanon anonymous posting function. As a result, the market value of ANON soared rapidly, breaking through 60M at one point. As of the time of writing, the market value of ANON remained at 54M, with a 24-hour increase of 312%.
33BITS
33bits is also an anonymous posting application based on zk technology, but it can only be used by users whose FID (Farcaster ID) is less than or equal to 20001. Its native token 33BITS is also deployed by Clanker, with a current market value of 2.24M and a 24-hour increase of 686%.
The name of 33BITS comes from the "33 Bits of Entropy" theory proposed by Princeton University professor Arvind Narayanan, which points out that only 33 bits of information are needed to de-anonymize the identities of 6.6 billion people in the world, thus highlighting the importance of privacy protection. The use process of 33BITS is highly dependent on zero-knowledge proof technology. After the user logs in through Warpcast, the system will generate a zk proof in the user's browser and publish the anonymous post to the @33BITS account after back-end verification. The entire process does not need to expose the user's real identity, fully protecting the privacy of FID.
BUG
A Farcaster user wanted to issue a Christmas concept coin called "SantaClanker", but the name of the token deployed by Clanker turned out to be a BUG, so the head AI Agent on Base had its first token deployment error.
Due to the Christmas concept and AI's mistakes, BUG's meme attribute was quickly recognized, and its market value once exceeded 5m. As of writing, BUG's market value is 4.31m, with a 24-hour increase of 10,053%.
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