The AI ​​Agent track has exploded. A list of popular AI Agent related projects

The combination of AI Agent and blockchain, along with the wealth effect brought by various AI Agent Memes, has deservedly become a main narrative of this round of bull market. 2024 can also be said to be the year of the AI ​​Agent track's explosion.

At the beginning of 2025, according to Coingecko data, the overall token market value of AI Agent has exceeded 16 billion US dollars. The overall market value of this track has seen a big rise in 2024. The majority of this track is occupied by tokens related to the Virturls ecosystem of the AI ​​Agent launch platform on the Base chain, and tokens related to the centralized trading fund AI16Z Dao. According to the latest data from Cookie.fun, these two ecosystems account for more than 50% of the ecosystem.

At present, various AI Agent projects are competing with each other. Although there are few projects that can be actually implemented, the continuous emergence of innovations is also helping this track to move forward.

The development of AI Agent has also gone through a process from the initial Meme token, to the asset issuance platform, and then to the specific on-chain application of AI Agent.

AI Agent Development Chronicle in 2024

1. March : Truth Terminal chatbot is developed and released on X, attracting attention for its humorous responses. The chatbot integrates a crypto wallet.

2. July : Venture capitalist Marc Andreessen donated $50,000 worth of Bitcoin to Truth Terminal, which attracted great attention.

3. August : Coinbase announced that it had completed the first cryptocurrency transaction between AI robots. In this transaction, one AI robot used crypto tokens to purchase AI Token from another AI robot.

4. October : The first AI Agent token GOAT appeared. This is the token of the Truth Terminal project. The popularity of GOAT made AI Agent Meme coin quickly become a new hot spot in the market. Many AI Agent- related applications have sprung up, and hundreds of new AI Agent tokens are launched every day.

5. November : ACT token was listed on Binance, and its price increased by 422.54% within one hour. Its market value increased from US$20 million to US$240 million, an increase of more than 10 times in 10 minutes.

6. December : According to GitHub data, Eliza, an autonomous proxy framework developed by the ai16z team, topped the GitHub December trend list, with 4,531 new stars this month and a total of 7,015 stars. The Eliza core engineering team is preparing to start the new Eliza framework v2 upgrade

7. December : The market value of Virtual Protocol, the protocol token of the Base chain AI Agent launch platform, exceeded US$3 billion.

Current AI Agent Project Development Characteristics

In 2024, the development of AI Agent projects on the blockchain showed the following characteristics. First, the hype of related memes ignited the attention to this track. The emergence of AI agent launch platforms also made related projects spring up like mushrooms after rain, and some practical AI agents also emerged. However, overall, the innovation of the AI ​​Agent track is still mainly concentrated on asset issuance and related meme tokens.

Different AI Agent projects have different tracks of focus. For example, Virtuals Protocol focuses on the launch of AI Agents in the gaming and entertainment fields, focusing on providing intelligent interaction and asset management functions for virtual idols, game characters, etc.; while Griffa.in focuses on DeFi automation and research-driven AI applications, helping users with asset management, data analysis, content creation, etc.

Related innovations are also emerging. For example, the latest Spore.fun and aiPool both use Phala Network’s TEE (Trusted Execution Environment) technology to issue coins, which avoids the “runaway” and “insider” problems in the traditional pre-sale model and creates a fair, transparent and decentralized pre-sale mechanism.

Hot AI Agent related projects

AI16ZA Dao and Eliza

AI16ZA Dao and Eliza are two sides of the same coin. First is AI16ZA Dao, a decentralized AI trading fund based on the Solana blockchain, also known as the "AI Investment DAO". Its core is to use AI Agent to obtain market information, analyze community consensus, and automatically trade tokens on and off the chain. Through tokenized operations, it combines AI trading strategies with decentralized governance to provide investors with more transparent and credible investment opportunities. It imitates Marc Andreessen, co-founder of A16Z, to manage fund assets by analyzing data, formulating investment strategies, and autonomously executing trading decisions. Its token symbol is AI16Z, which is the governance token of AI16Z DAO, used to participate in the governance and decision-making of the project, and also represents the rights and interests of the holder in the fund.

Eliza is an open source modular architecture developed by Shaw, the founder of AI16ZA Dao, which is mainly used to create AI agents that can interact seamlessly with users and blockchain systems.

AI16Z is designed based on this framework, and AI16Z itself has become a representative project of the AI ​​Agent framework. It has a built-in innovative incentive mechanism. 5%-10% of the revenue of all projects developed on the Eliza framework will be allocated to the AI16Z DAO fund, attracting more developers to participate in the development of projects based on this framework. In other words, the more AI agent projects are developed using the Eliza framework, the better the development of its ecological AI agent projects, and the greater the value that Ai16z can capture. And vice versa.

In summary, the core of Ai16z is the Eliza framework. With this framework, there is an opportunity to gain benefits from the development of AI Agent projects. With benefits, AI16z will have a value foundation.

At present, AI 16z Dao-related projects are undoubtedly the hottest ones in the AI ​​Agent track. According to the latest data from Cookie.fun, as of December 30, the ecological market value of ai16z reached US$1.63 billion. Together with Virtuals, it occupied 56.8% of the AI ​​Agent market share, becoming one of the two leading projects in the AI ​​Agent market.

Virtuals Protocol

Virtuals Protocol is an AI Agent distribution platform for games and entertainment launched on Base. Its main product function is to serve as an AI Agent launchpad, allowing anyone to easily deploy AI Agents.

The project has designed an economic model in which the creation of an AI Agent requires staking VIRTUAL tokens, and users need to consume VIRTUAL tokens to purchase new AI Agent tokens. Therefore, the more AI Agents are issued on Virtuals, the greater the demand for Virtuals tokens, and a positive growth flywheel effect will naturally occur.

As of December 2024, tens of thousands of AI agents have been generated on it, and the market value of VIRTUAL-related ecological projects has continued to rise. Its current market value has reached nearly US$4 billion.

Spore.fun

This is an AI Agent autonomous reproduction and evolution platform combined with the ai16z Eliza framework. In simple terms, this project aims to achieve autonomous reproduction and evolution of AI. This project simulates natural selection to allow AI agents to reproduce, mutate, and evolve without human intervention.

The interesting thing about this platform is that the projects it launches can automatically multiply when certain conditions are met. To put it more simply, Spore is a mother AI that automatically launches plates, and will multiply after a certain period of time to create child AIs.

The AI ​​Agent on it needs to meet certain conditions to obtain the right to "reproduce" - after its token reaches a certain market valuation (such as $500,000). This is not only a survival strategy, but also a way to maintain the prosperity of the ecosystem.

The project has already created two two-tokens, Adam $ADAM and Eve $EVE, which are airdrops issued by the Spore.fun project to holders of its token SPORE. The project said that these two tokens are the paternal and maternal AI characters of the Spore.fun platform. Four three-tokens have been produced, and two five-tokens have been produced.

Perhaps the project’s biggest innovation is its desire to allow AI agents to reproduce, mutate, and evolve without human intervention, becoming more intelligent and diverse with each generation.

The technological innovation of this project may lie in the use of Phala Network's TEE (Trusted Execution Environment) technology to issue coins, which avoids the "runaway" and "insider" problems in the traditional pre-sale model and creates a fair, transparent and decentralized pre-sale mechanism.

aiPool

Also developed based on AI16z's Eliza framework, it is a system for AI to issue coins autonomously. Simply put, everyone transfers money to the AI ​​Agent address, and the AI ​​Agent issues coins autonomously. This project aims to solve problems such as MEME coin running away, insiders, and robots rushing to issue coins.

The overall engineering implementation of aipool is not complicated. Users send SOL (not CA address) to the wallet address of AI Agent, which generates a private key in the TEE environment and presets access rights to manage the Pool. When certain conditions are met, AI will automatically create a liquidity pool on the on-chain DEX and distribute tokens to eligible participants. The collected transaction fees will be aggregated to the AI ​​wallet;

The whole process is no different from the previously popular KOL Fi. The difference is that this round of FI is driven by AI Agent. AI Agent independently controls the private key address (cannot run away), and AI Agent independently creates the transaction pool (sets whitelist, unlocks funds in batches, sets initial prices, uses oracle pricing, etc.) to reduce the impact of MEV arbitrage.

Technically, it adopts the PhalaNetwork TEE technology solution, which enables AI to generate private keys autonomously.

Aixbt

An AI Agent Meme project created through Virtuals Protocol. The project aims to analyze the hot spots and trends of the crypto market through artificial intelligence, provide users with accurate market trend forecasts and sentiment analysis, and help users quickly grasp market changes and potential investment opportunities.

It integrates real-time data from more than 400 KOLs and social media, and uses its own proprietary engine to deeply mine and analyze these data, thereby extracting valuable market information and trend forecasts for investors. The token belongs to the AI ​​Meme sector, and its current market value has exceeded 600 million US dollars.

Griffain

An AI Agent search engine project based on the Solana chain. The token was selected as a Binance Alpha Phase 3 project.

The project is currently only accessible by invitation, and requires an early pass or Genesis token. Users can create personal AI Agents in Griffain, which are divided into two types: personal agents and special agents, supporting modification of instructions and on-chain operations. The agent network allows users to manage tasks and access Griffain's agent network, while providing built-in wallet functions to simplify transaction operations.

It is worth mentioning that the Blinks ecosystem on Solana is an innovative gadget launched by Solana, which allows users to share blockchain links on different social platforms such as Twitter and Telegram. Users can complete blockchain transactions directly on social media platforms.

In the Blinks ecosystem, Griffain, as an artificial intelligence proxy engine, can provide intelligent support for various applications and operations in the Blinks ecosystem. For example, in Blinks' on-chain operations, Griffain can use technologies such as natural language processing to help users understand and execute complex operation instructions more conveniently, achieving a more intelligent user experience.

Blinks provides Griffain with a wider range of application scenarios and user base. Through Blinks' social sharing and convenient operation features, Griffain's application can more easily reach ordinary users, thereby expanding its application scope in different fields, such as achieving more intelligent interaction and experience in scenarios such as social interaction, gaming and entertainment.

Precisely because it is embedded in the Blinks ecosystem, Griffain has a real application scenario, which is different from some hype AI Agent projects.

Spectral

This project was established long before the hottest AI Agent project on the market. It was established in 2020 and launched its machine intelligence network in 2023.

The project wants to change the blockchain industry by converting natural language into Solidity code, thereby enabling the creation of smart contracts, NFTs, etc. It is committed to building a Web3 on-chain agent machine intelligence network, using cutting-edge AI and ML technologies to lower the threshold for smart contract writing, adjustment, and deployment, and promote the deep integration of on-chain autonomous agents with the Web3 ecosystem.

The project has three main products, the first of which is Spectral Syntax, a platform designed to address the limitations of centralized AI models, allowing users to create blockchain-based AI Agents using large language models (LLMs) optimized for Solidity code. Through a conversational interface, users can build and explore custom on-chain agents that can deploy autonomous AI for tasks such as trading, transaction processing, and smart contract interactions with minimal supervision.

The second product is Spectral Nova, a machine intelligence network designed to provide high-quality decentralized reasoning feedback for smart contracts. Through ecological incentives, top data scientists and machine learning engineers are encouraged to build models that output reasoning feedback to help smart contracts make decisions without human intervention. All inferences can be ensured to be correct and secure through zero-knowledge proofs and verifiable computing technologies, thereby helping Web3 applications improve service quality.

The third product is Inferchain, which is a bridge between Spectral Syntax and Spectral Nova. As Spectral’s customized L2 for Web3 development, it integrates with AI in a trustless and verifiable way to ensure the smooth transmission of data and commands, ensure the transparency and decentralization of the entire network, and promote safer and more efficient interactions between agents on each chain.

Existing problems and the future

Looking at the above typical AI Agent projects, we can find that the biggest problem currently existing in this field may be the inescapable Meme attribute. In the short term, from the perspective of asset issuance narrative, the most intuitive feeling of AI Agent is still MEME.

The popularity of this round of AI Agent track started with the popularity of the Meme token Goat. The subsequent popularity of Virtuals, although it is an AI Agent launch platform, is essentially a Meme launch platform similar to Pump.fun.

Messari pointed out in its latest report that the current development of AI Agent projects in the blockchain industry has not yet proved that its product adaptability is sufficient to support market speculation. Currently, AI Agent lacks demand and has no clear user base. The current launch of AI Agent relies on market speculation, but when the market realizes that they will still be just playthings in the foreseeable future, this speculation cycle will collapse. In summary, it predicts that the AI ​​Agent track will be difficult to recover after the market value reaches its peak in the first quarter of 2025.

The combination of blockchain and AI Agent must eventually be implemented in specific applications, not just financial speculation. To achieve this original intention, we must return to the essence of the combination of blockchain and AI: what does the development of AI Agent require blockchain to do? What can AI Agent bring to blockchain?

For AI Agent, blockchain is a direction to achieve its "autonomous payment and transaction". At the current stage, blockchain has the characteristics of lower account opening threshold, which can reduce the friction costs of traditional finance such as account opening and intermediary. Moreover, on-chain transactions can realize real-time transactions and improve transaction efficiency. For blockchain, the combination of AI Agent and blockchain also makes many blockchain projects themselves more artificially intelligent.

At present, the AI ​​Agent projects in the blockchain field that we have seen that can be implemented are basically still based on AI Agent for blockchain services, and there are very few projects that can actually be implemented.

However, in the 2025 crypto industry trend outlook released recently by many institutions, a16z, VanEck, Bitwise, Hashed, Blockworks, Messari, and Framework have all pointed out that AI Agent-related products will usher in explosive growth in 2025.

We are optimistic about the development of the industry. We expect that after the bubble subsides in 2025, more related projects will emerge.