Kaiko: Weekly trading volume of AI concept tokens hits a new low for the year

ChainCatcher news, data analysis company Kaiko indicates that trading activity for AI-related concept tokens has decreased. Tokens such as Fetch.ai (FET), Injective (INJ), Oasis Network (ROSE), Render (RNDR), SingularityNET (AGIX), and The Graph (GRT) have seen their weekly trading volumes hit new lows for the year.

Given the recent broader downturn in the cryptocurrency market, overall market sentiment may be affecting AI-related tokens. Additionally, specific factors unique to the AI cryptocurrency industry, such as regulatory issues, may also be contributing to the decline in trading volumes.