AI Tokens Crash 64%: Is the Web3 Hype Sustainable Despite 86% Usage Surge and $1.3B Raised?

Artificial intelligence entities are multiplying rapidly within the Web3 environment, yet AI-related tokens paint a contrasting picture.

Based on a DappRadar report dated June 26th, it’s been found that daily unique active wallets involved in AI agent-related activities have increased by 86% since January, reaching approximately 4.5 million in June. This sector now accounts for about 19% of all Web3 activity, a significant jump from the 9% it held at the beginning of the year. Remarkably, this is almost on par with gaming’s 20% share.

According to the report, it’s becoming apparent that AI agents are serving as a key intermediary for Web3, marking a change in user habits. From assistants in decentralized finance trading, companions in gaming, and representatives in social media, users are increasingly leaning on AI to manage their on-chain interactions automatically.

As an analyst, I’ve noticed a noticeable shift in market sentiment towards AI tokens. The total market capitalization has plummeted by 64% from its peak in early June, dropping from a staggering $16.6 billion to a more modest $5.9 billion. Although the daily trading volume of approximately $1.4 billion remains substantial, this decline underscores the inherent volatility that continues to characterize this sector.

Despite a drop in overall market values, there’s substantial financial support for this trend, with AI agent projects having raised an impressive $1.39 billion this year alone – surpassing the total amount predicted for 2024 by nearly 10%. Pioneers such as Virtuals Protocol (VIRTUAL) are driving this growth, having launched over 17,000 agents since November 2024, which equates to approximately 85 per day.

Regarding network usage, Matchain leads with approximately 1.9 million daily users, closely trailed by opBNB and Nebula. In terms of regions utilizing AI dapps, Europe, Asia, and North America top the list, indicating a widespread, global interest.

Not every shiny token in the AI world is truly valuable. While some tokens boast useful features like automating user activities or powering staking mechanisms, others are mostly buzzworthy and driven by hype. DappRadar has cautioned about the high ratio of noise to signal in this industry, as speculative tokens often outshine genuine technological breakthroughs.

The field of AI in Web3 is experiencing a significant shift, as usage statistics are climbing while token values are falling. If practical applications can match the current excitement, AI agents could potentially serve as the defining user interface for the next phase of cryptocurrency. However, if the hype outpaces what’s sustainable right now, it might exceed reality.

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2025-06-27 08:28