The ERC-8004 standard is driving the rapid expansion of the AI Agent ecosystem. From the current market layout, this emerging track has already formed a relatively clear industrial chain.

At the infrastructure level, projects like Phala Network and Ekai are building execution environments for smart contracts. Moving upward, platforms such as ISEK and ampersend are beginning to explore coordination and orchestration mechanisms for Agents, enabling different intelligent entities to collaborate efficiently.

At the framework level, projects like Virtuals and Khorus provide development tools and standardized solutions, lowering the entry barrier for developers. Meanwhile, the AgentFi sector is attempting to combine these intelligent agents with financial application scenarios, exploring new business models.

From upstream infrastructure to downstream applications, the entire ecosystem has formed a complete vertical integration. This layered ecosystem construction indicates that AI Agents are no longer just a technical concept but are evolving into a track with practical application scenarios and commercial potential. It is worth continuously monitoring the subsequent progress of these key project nodes.