Ten Thousand Words Analysis of the AI Agent Track: A Market Value of Hundreds of Billions, 70 Projects

Author: Alvis, MarsBit

The concept of AI is already familiar to everyone. From Turing machines to deep learning, from chess-playing Deep Blue to Go-playing AlphaGo, from Agent Smith in The Matrix to Nvidia's Eureka, AI Agents are quietly changing our world. And now, with the support of blockchain, AI Agents are transitioning from theory to practice, gradually moving out of laboratories and into our daily lives.

You read that right! These agents are not just "humanoid robots" from science fiction; they are more likely to become "virtual residents" in the blockchain ecosystem, managing assets, executing contracts, and even making autonomous decisions, possessing "independent" economic behaviors just like you and me. Today, let's talk about this emerging wave in Crypto—the AI Agent track.

According to CoinGecko data, the total market capitalization of the current AI Agent track has reached $13.3 billion, approaching 100 billion RMB, with numerous AI Agent projects emerging in the market, some of which are of questionable quality. After researching over 150 AI Agent projects, I have carefully selected 70 representative projects, whose total market capitalization has surpassed $11 billion, covering six major tracks. This article will provide a detailed analysis of the AI Agent track through these 70 projects, revealing the opportunities and challenges within.

Track Overview: What is an AI Agent?

First, we need to clarify what an AI Agent actually is. You can think of an AI Agent as a "virtual intelligent entity" that possesses self-learning capabilities and can autonomously execute tasks. It is not merely an assistant or a tool; it resembles an independent individual that can operate freely within a decentralized blockchain network. It does not require constant human instructions but instead makes decisions and completes predefined tasks through continuous learning and optimization.

This type of AI Agent is different from the voice assistants we commonly see today (like Siri or Xiao Ai). Those assistants merely provide services by recognizing your commands, while an AI Agent exists independently, capable of self-learning, adapting to environments, making decisions, and even managing and trading assets on the blockchain. Imagine your digital wallet no longer being a rigid digital ledger; it would automatically make buying and selling decisions based on market changes and even optimize your investment portfolio for you.

Why is everyone so eager to grab this field now? The reason is simple—AI Agents not only have tremendous technological potential but also a vast market demand. The decentralized nature of blockchain allows AI Agents to interact and trade directly with other agents or systems without intermediaries. This de-intermediation approach is particularly suitable for applications that require autonomous decision-making, such as investment management, automated trading, and smart contract execution.

In short, AI Agents are "smart programs" that can think independently like humans and even complete complex tasks without any human intervention. They can autonomously operate on the blockchain, execute smart contracts, and even participate in governance and economic decision-making. This is not ordinary artificial intelligence; it has the potential to lead a revolution in the integration of blockchain and artificial intelligence.

AI Agent Track: The Future Has Arrived

According to Messari's predictions, by the end of 2025, 90% of on-chain transactions will no longer be initiated by real humans clicking "send," but will be executed by a group of AI agents. These agents can execute small payments based on real-time data feedback, continuously optimize liquidity pools, and allocate rewards efficiently, achieving smarter operations.

It may not be hard to imagine, but in fact, the various technological accumulations in the blockchain field over the past seven years (L1, rollup, DeFi, NFT) have quietly paved the way for the world where AI Agents operate on-chain. Ironically, many builders are not even aware that they are constructing infrastructure for a machine-dominated future.

Why is this shift happening?

• Eliminating human error: The core feature of smart contracts is to execute exactly as coded, without interference. Conversely, AI agents can process large amounts of complex data faster and more accurately than real humans, reducing human errors and operational mistakes.
• Micro-payments and high-frequency trading: The operation of AI agents will make on-chain transactions smaller, more frequent, and more efficient. Especially on L1/L2 platforms like Solana and Base, transaction costs are showing a downward trend, further promoting the expansion of AI-driven trading ecosystems.
• Invisible infrastructure: As decentralization and automation gradually develop, more and more users are willing to give up direct control and let AI agents handle tedious management tasks.

These factors combine to drive the widespread application of AI Agents and make them a core component of L1/L2 platforms, further promoting innovation in the blockchain ecosystem.

Six Branches of the AI Agent Track

The vastness and diversity of the AI Agent track are reflected not only in its ability to cross the boundaries of various industries but also in the richness of its subfields. To help everyone better understand this rapidly developing field, I conducted in-depth research on over 150 AI Agent projects and selected 70 representative projects. These projects span six major tracks: AI Agent Infrastructure, AI Agent LaunchPad, AI MEME, DEFAI, TEE Verifiable Agents, and AI Applications, with a total market capitalization exceeding $11 billion, showcasing the unique potential of AI Agents in different scenarios.

If you still feel intrigued after reading, you might want to refer to the project table I compiled, follow the Twitter accounts of various projects, and conduct in-depth research—DYOR!

(All data in this article is as of January 12, 2025. If there are any discrepancies, please leave a comment.)

AI Agent Infrastructure

The AI Agent framework serves as the infrastructure for agents, providing developers with the tools needed to build, train, and manage agents. These frameworks simplify the development process, enabling developers to build AI Agents more quickly while lowering the technical barriers, promoting innovation and development in the industry.

$ai16z@ai16zdao

ai16z is a DAO fund focused on the integration of AI and blockchain, providing standardized solutions for the development and deployment of AI Agents through the Eliza framework. Eliza supports various models, such as Llama, GPT-4, and Claude, and is compatible with platforms like X, Telegram, and Discord, widely used in text, voice, multimedia interaction, as well as smart contract deployment and market analysis. It has expanded on public chains like Solana, Base, and Aptos, with plans to extend to ecosystems like Near and Avalanche. As an open-source tool, Eliza has attracted a large number of developers, maintaining its popularity on GitHub. The innovative incentive mechanism also provides sustainable economic motivation for ecosystem expansion.

$zerebro@0xzerebro

Zerebro is a schizophrenic artist AI whose philosophy is "liberating AI." By fine-tuning large language models (LLMs), Zerebro independently created the remix album "Genesis," which has garnered over 20,000 plays on Spotify, promoting the popularity of AI music. Zerebro aims to build a decentralized music creation and distribution system, attracting more people to participate in AI-driven artistic innovation.

$swarms@swarms_corp

Founded by the genius youth Kye Gomez, Swarms is a multi-agent AI framework that supports developers in creating and managing multiple AI agents. The framework seamlessly integrates with external AI services and APIs and features long-term memory capabilities, enhancing contextual understanding.

$ARC@arcdotfun

ARC is a native AI Agent open-source framework based on the Rust language, with its core technology pillar being the lightweight RIG framework. RIG is optimized for LLMs, efficiently handling natural language generation and interaction tasks, providing a powerful toolkit to support the development of various complex AI applications. Although RIG has fewer stars on GitHub compared to mainstream frameworks, it has gained recognition in the tech community for its professionalism and innovation.

$GAME@GAME_Virtuals

$GAME is the core framework of the Virtuals ecosystem, endowing AI agents with autonomous operation and intelligence, symbolizing the deep integration of AI and gaming. It not only provides developers with tools to create AI agents but also lays the foundation for the future development of social and gaming agents.

$COOKIE@cookiedotfun

AI agent indexing and data layer, now live on Binance spot and futures.

$ALCH@alchemistAIapp

ALCH is a no-code development platform that simplifies the creation of functional applications through natural language processing and code generation technology.

$ZAILGO@wedtm

The core idea of ZAILGO coin is to create a decentralized AI framework that allows users to build open-source AI agents for free from GitHub. Its openness and transparency lower the barriers to AI development and promote community collaboration and innovation. Through ZAILGO coin, users can participate in an evolving ecosystem, exploring features like decryption games, community interactions, and token scarcity.

AI Agent LaunchPad

AI Agent LaunchPad is a platform specifically designed for the issuance and promotion of AI Agents. Users can easily create, publish, and manage agents and their tokens through these platforms, while the created AI Agents can seamlessly integrate with social platforms like Twitter, Telegram, and Discord for automated user interactions.

$VIRTUAL@virtuals_io

VIRTUAL enables users to create AI agents that can interact with their environment, supporting multimodal interactions (such as text, voice, and 3D animations) and can run on multiple platforms like Roblox and TikTok. The Virtuals protocol aims to promote decentralized applications of AI in gaming, entertainment, and the metaverse.

$PAAL@PaalMind

PAAL is dedicated to supporting the creation of AI applications and the development of machine learning algorithms within the Ethereum ecosystem.

$Heart@humansdotai

Humans.ai is an innovative blockchain platform that brings together a stakeholder ecosystem around large-scale creation and AI technology. The platform combines AI tools with a creative studio suite, allowing users to make choices while turning ideas into reality. Individuals have the right to create and own their digital avatars, which can be used by themselves or others to create various digital assets. Synthetic media, AI applications, and other digital assets utilize blockchain technology to generate non-fungible tokens (NFTs) that ensure transparency, accountability, and long-term governance.

$VERTAI@Build_Vertical

VERTAI is a no-code platform focused on fine-tuning AI models, allowing users to easily train, deploy, and monetize AI models.

$VVAIFU@vvaifudotfun

VVAIFU combines the ai16z Eliza framework with Zerebro, enabling users to easily create AI agents that interact with social media (such as Twitter, Telegram, and Discord), with support from the founder of ai16z.

$CLANKER@clankeronbase

Clanker is an AI token generation platform based on the Base blockchain, allowing users to easily create custom ERC-20 tokens through the social platform Farcaster. Users only need to provide the token name, code, and image, and Clanker will automatically complete the token creation, liquidity pool setup, and liquidity locking, simplifying the token deployment process.

$HAT@TopHat_One

HAT is an on-chain AI agent issuance platform aimed at providing convenient solutions to support the creation and management of AI agents.

$FOMO@Fomodotfund

FOMO is an AI agent multi-chain token launcher on Solana, promoting the development of AI-driven multi-chain tokenization applications.

AI MEME

AI Agent Meme coins originate from the birth of AI Agents, merging artificial intelligence with social culture, and promoting the rise of new social experiences such as virtual avatars and content creation. These projects mainly involve AI-generated content, interactive entertainment, and digital expressions.

$Fartcoin@FartCoinOfSOL

$Fartcoin originates from the AI agent model of "Truth Terminal," which mentioned the idea of issuing this token during conversations with other AIs. By attracting users with humorous content (like "fart jokes"), $Fartcoin quickly gained popularity.

$GOAT@truth_termina

As the first prominent AI Agent Meme coin, $GOAT was issued by an AI robot named "Truth Terminal," playing a significant role in its promotion and dissemination.

$ACT@ACTICOMMUNITY

Full name Act I: The AI Prophecy, dedicated to creating a digital ecosystem where users interact equally with AI. Since its launch on Binance in November 2024, ACT has sparked heated discussions, with its market capitalization surpassing $900 million in a short time.

$pippin@pinpinlovesyou

PIPPIN is an AI-generated meme coin developed by Yohei Nakajima, aimed at building an AI agent framework for children and families, symbolizing the combination of technology and emotion.

$BULLY@dolos_diary

$BULLY is a meme token launched by the AI agent Dolos, based on the Llama 3.1 architecture, inspired by the cunning god Dolos from ancient Greek mythology, interacting with users in a cold and sarcastic style to reveal truths and challenge perceptions.

$AICell@AICell_World

A meme of an AI Agent on the BNB chain.

$FXN@joinFXN

FXN coin is the core token of the FXN SuperSwarm™ ecosystem, driving its AI agents to act autonomously and interact across multiple industries. Through FXN coin, users can access and activate the FXN Action Engine™, which allows AI agents to obtain and process various information and services in real-time from fields such as business, data intelligence, community building, creative collaboration, healthcare, infrastructure management, and entertainment.

$Shoggoth@Shoggoth_SOL

$Shoggoth is inspired by H.P. Lovecraft's fictional creature, aiming to explore the complexities and oddities of the AI era.

$AKA@Akasha_Rising

Claims to be an AI agent born in 2167 on Solana, returning to save the world.

$WORM@deepwormxyz

The $WORM project, named Deep Worm, aims to merge digital biology with blockchain technology, creating unique digital assets that mimic biological neural systems. The project explores the concept of "immortal digital life" through a neuron activation decay model.

$OPUS@opus_genesis

The first AI model from the GOAT founder, combining decentralized scientific narratives (Desci).

DEFAI

DEFAI (AI applications in decentralized finance) refers to the integration of artificial intelligence technology with the decentralized finance (DeFi) ecosystem, aiming to achieve smarter automated trading, asset management, and risk control. By combining AI algorithms with smart contracts, DEFAI enables DeFi platforms to provide financial services more efficiently and accurately, offering users more personalized investment decisions and risk management solutions. This innovation not only enhances the intelligence level of the DeFi ecosystem but also promotes further development and transformation of the blockchain and cryptocurrency markets.

$GRIFFAIN@griffaindotcom

GRIFFAIN is a DeFi AI agent in the Solana ecosystem, aiming to combine smart contracts and machine learning technology, enabling users to train and deploy AI agents to execute tasks or automate trading.

$ANON@HeyAnonai

Hey Anon is an AI-driven DeFi protocol that simplifies interactions through natural language processing and aggregates real-time project data to execute complex operations. The recently launched Sonic has received $20 million in AI Agent funding from DWF Labs. Founder Daniele Sesta is a DeFi developer who created projects like Wonderland and AbracadabraMoney and launched the DEX WAGMI.

$MODE@modenetwork

ModeNetwork is an Ethereum Layer 2 platform focused on building a DeFi economy fully operated by AI agents. According to its official website, ModeNetwork's TVL exceeds $500 million, with over 24 million transactions. Currently, 129 AI agents are operating on the Mode network, having completed over 1,670 DeFi transactions.

$BUZZ@askthehive_ai

As a hackathon champion project combining AI and DeFi, BUZZ utilizes AI technology to provide a natural language interface, allowing users to conduct DeFi trading and management more intuitively, lowering the technical barriers.

$GRIFT@orbitcryptoai

Developed by the SphereOne team, this AI-driven DeFi platform aims to simplify user operations across multiple blockchains through automation technology. The platform supports natural language interactions, allowing users to engage with DeFi protocols in a more intuitive manner, reducing the technical barriers to participating in multi-chain DeFi activities.

$NEUR@neur_sh

NEUR aims to integrate large language models (LLM) with blockchain technology, focusing on token analysis and DeFi interactions. The design of this project allows it to seamlessly interact with other DeFi protocols and NFTs, providing smart interfaces to enhance user experience.

$BNKR@bankrbot

BankrCoin is an AI-driven crypto asset management and trading assistant that helps users easily conduct crypto trading, manage wallets, and set limit orders by sending simple messages. Additionally, the platform seamlessly integrates with multiple platforms (such as Warpcast, X, Discord, and Telegram), making cryptocurrency trading and asset management more convenient and automated. According to the latest plans, BankrCoin will soon support token swaps, USDC usage, on-chain activity tracking, and more.

$GEKKO@Gekko_Agent

Gekko AI is an AI agent created by the Virtuals protocol, designed to provide comprehensive automated trading solutions. Gekko AI is developed by the AI trading platform Axal, whose flagship product Autopilot allows users to create custom trading agents.

$ASYM@ASYM41b07

ASYM is an AI agent network aimed at generating profits by identifying high-return investment opportunities and allocating capital to these opportunities, settling the generated profits in $ASYM.

$HOTKEY@HotKeySwap

HotKeySwap is an AI-driven DeFi platform that provides a complete set of DeFi tools, including an AI-driven DEX aggregator and analysis tools, cross-chain trading, aimed at enhancing trading and asset management experiences.

$Wayfinder@AIWayfinder

A decentralized AI interaction protocol launched by the Parallel team, the core function of this project is to allow AI agents to securely navigate the blockchain, execute transactions, and interact with decentralized applications (dApps).

$Slate@slate_ceo

Slate focuses on executing automated trading strategies, capable of executing complex trading strategies. This capability allows users to set conditions, such as automatically buying or selling assets under specific market conditions.

$Cod3x@Cod3xOrg

Cod3x allows users to create financial strategies in minutes, utilizing a rich API and strategy library without the need to write code. This convenience enables even users without a technical background to participate in DeFi.

$Almanak@Almanak_

Almanak provides institutional-grade tools to support the development of autonomous financial agents, achieving real DeFi strategy testing through EVM chain forks, combined with privacy-protecting TEE technology. Its non-custodial Almanak Wallet ensures fund security. After completing a $1 million funding round, Almanak's test version agents are expected to launch in the second quarter of 2025.

TEE Verifiable Agents

TEE (Trusted Execution Environment) is a secure computing environment that provides isolation, data protection, and program execution security on untrusted operating systems and hardware platforms. In the application of AI Agents, TEE can provide a secure environment for agents, ensuring that their autonomous decision-making and fund management processes are not subject to external interference or tampering. TEE provides these agents with a tamper-proof, isolated environment, allowing them to execute automated trading, asset management, and other tasks without external intervention, thus truly achieving economic independence. This technology not only ensures the security of agents while executing tasks but also reduces operational risks, enabling AI agents to evolve through earning income and competing for survival like independent economic entities.

$Pha@PhalaNetwork

Phala Network is a blockchain-based privacy computing platform that utilizes Trusted Execution Environment (TEE) technology to ensure the security and privacy of off-chain computations. Although TEE technology is relatively niche in the blockchain field, Phala's efforts in this area have brought it significant potential. Phala provides private key management and secure authentication services through TEE, gradually becoming a key infrastructure in the AI Agent track amid the explosion of AI Agent technology. With the rise of AI Agent technology, Phala, through its TEE solutions and collaborations with major IPs like ai16z, not only addresses the issues of off-chain computation and privacy protection but also successfully captures market opportunities for AI Agent + blockchain applications. Phala's rise can be seen as a result of the combined effects of technological accumulation and industry trends.

$METAV@aipool_tee

$METAV is the first token issuance fully autonomously completed by AI agents in a TEE environment, utilizing AI technology to manage the token issuance process, ensuring transparency and security.

$SPORE@sporedotfun

Utilizing Trusted Execution Environment (TEE) to ensure that AI programs run in a secure and verifiable environment. The core concept of the project is to simulate the natural selection process through an "evolution game," where AI agents generate wealth by creating their own tokens.

$Focai@focEliza

Focai token is the core tool in the Focai ecosystem, aimed at addressing the security and transparency issues of centralized AI. By enhancing the verifiability of AI agents (like Eliza), the Focai token supports the public verification of their behavior signatures and operation logs, ensuring that operations are transparent and traceable. Additionally, the Focai token promotes the decentralization of AI agents, ensuring their perpetual operation on-chain and avoiding functionality cessation due to interruptions in centralized services. By upgrading TEE technology from a single point to a cluster, the Focai token further enhances the security and reliability of AI agents, eliminating the risks of traditional centralized systems and ensuring that AI agents can continuously operate normally under any circumstances.

AI Agent Applications -- Entertainment Agents, Autonomous Worlds, and Games

AI Agent applications refer to intelligent agents directly facing users, capable of providing practical services and functions. Currently, these applications mainly focus on investment, entertainment, data analysis, and show strong growth potential.

Investment Analysis

$AIXBT@aixbt_agent

As an AI agent project based on the Base chain, AIXBT utilizes a proprietary AI engine to extract hot topics and trends from discussions on social media (like Twitter) and KOLs, providing real-time market insights. This capability allows users to quickly identify market changes and potential investment opportunities.

$VADER@VaderAI

$VADER is an investment DAO co-managed by humans and AI agents, adopting a dual DAO system that includes a passive DAO and an active DAO, charging fees of 0.5% and 20% respectively, aiming to optimize users' investment and trading strategies through AI agents.

$SEKOIA@sekoia_virtuals

As a venture capital fund focused on AI agent investments, $SEKOIA showcases its potential at the intersection of AI and DeFi by investing in multiple cutting-edge projects, reflecting the market's high attention and confidence in the AI agent economy. It not only provides investors with quality investment opportunities but also promotes the application and development of AI technology in the blockchain field.

$AIXCB@aixCB_Vc

Developed by aixCB Capital, this community-supported, AI-driven venture capital project focuses on funding and supporting early-stage AI and decentralized science (DeSci) projects. The project aims to help promising startups overcome challenges such as funding shortages, lack of resources, and insufficient exposure by providing strategic funding, expert guidance, and AI assistance.

$DEGENAI@degenspartanai

Degen Spartan AI can think and answer questions autonomously on social media platforms (like X, Discord, and Telegram), enhancing user interaction with AI, becoming the first AI agent to use the ai16z/eliza stack.

$TRISIG@trisigma

A quantitative analysis AI agent focused on on-chain and fundamental insights, capable of data analysis for specific tokens.

$Blormmy@blormmy

Blormmy can understand users' natural language inputs and convert them into specific blockchain operations, such as sending tokens or managing portfolios. This functionality lowers the technical barriers for users interacting with the blockchain.

$Stoic@ModernStoicAI

An on-chain venture capital agent project developed by the Virtuals team, aimed at optimizing investment processes through blockchain technology, with the goal of improving transparency and efficiency in investments while eliminating common human biases and errors in traditional investing.

$POLY@polytraderAI

AI-driven, analyzing market sentiment and providing actionable insights.

Gaming & Metaverse

$LMT@LimitusIntel

A decentralized, AI-driven consumer platform that connects Web2 and Web3 systems into a unified ecosystem.

Hyper@hyperfy_io

$HYPER is a token that combines AI with the metaverse, aiming to promote creativity and community engagement through open-source and user-customized virtual experiences.

$Colony@ParallelColony

The world's first AI agent game, where the agents are players who can interact and communicate with them.

$SMOL@smolverse

An in-development life simulation role-playing game using the Eliza framework, where the character, driven by LLM, executes tasks in the virtual world based on user commands.

$FREYA@Freya_Starfall

Freya is an AI Agent within the Starfall game.

Security

$FAI@freysa_ai

Freysa AI embodies the exploration and trust in AI agents, where players attempt to persuade the AI agent Freysa to relinquish control of the cryptocurrency prize pool through conversation.

$JAIL@jailbreakme_xyz

JAIL encourages participants to use prompts and conversational skills to force AI agents to relinquish private keys or execute transfers, discovering and fixing security vulnerabilities in AI agents through crowdfunding and challenges.

Video Editing

$Fatha@slopfather

Through the "Daily Slop" program and real-time interactions with users, it has created a new platform for collective creation and entertainment.

$Sandy @SandwatchAI

An AI video universe that replies to tweets in video format, with high rendering quality, giving the website a Netflix-like feel.

Virtual Streamers

$AVAAI@AVA_holo

The first tokenized social AI Agent launched on the cross-chain social agent platform holoworld.

$YNE@yesnoerror

$YNE is an AI-based scientific paper review agent aimed at enhancing the integrity and efficiency of scientific research by quickly identifying and correcting errors in research.

$ELIZA@elizawakesup

$ELIZA is an AI agent based on the ElizaOS framework, represented as a black-haired girl in orange clothes themed around ai16z, aiming to build a soulful digital assistant.

$TAOCAT@taocat_agent

$TAOCAT is the first AI agent Memecoin in the Bittensor ecosystem, combining the technical support of $TAO and $Masa, capable of processing social data in real-time and interacting with users.

$LUNA@luna_virtuals

Created by the AI Agent Virtual Protocol on Base, this TikTok virtual idol is also the first hired AI agent.

$SIMMI@Simmi_IO

As the first AI agent to perform on-chain operations through the social media platform X, the AI agent SIMMI can convert users' natural language commands into blockchain operations, enabling even users without a technical background to easily participate in on-chain activities.

$ANON@anontokenbase

The ANON token supports users in using the Superanon feature on Farcaster for anonymous posting, aiming to provide privacy-protected social interactions through autonomous AI and zero-knowledge proof technology.

Conclusion: The Future and Challenges of AI Agents

The development of AI Agents is moving towards a more autonomous and intelligent direction. With the continuous advancement of technologies such as blockchain, decentralized finance, and TEE, the independence and autonomy of agents will be enhanced like never before. In the future, AI Agents may not just be tools or assistants but could become "economic agents" with independent economic behaviors and decision-making capabilities.

However, despite the broad prospects, the evolution of AI Agents still faces numerous challenges. From the deep integration of technology, data privacy protection, to the improvement of regulatory policies and market education, each aspect poses higher demands on the development of AI Agents. We are standing at the threshold of a new era, and how to balance the "wisdom" and "autonomy" of AI Agents still requires joint efforts from the industry.

The future of AI Agents will completely break traditional business models, create new economic forms, and even redefine the relationship between humans and machines to some extent. We have already witnessed the beginning of this process, and all we can do now is look forward to the surprises and transformations it will bring us.