AI Agent Track Analysis: Current Development Status and Future Potential

Before analyzing the AI Agent track, we need to take a holistic view of the changes in the cryptocurrency industry during this cycle.

The Divergence of Bitcoin and the Cryptocurrency Market

In the past, Bitcoin was almost synonymous with the entire cryptocurrency market. However, with the approval of Bitcoin spot ETFs, recognition of Bitcoin's value has become a mainstream view, from the political sphere to the business world. But this does not mean that other crypto assets, especially Ethereum and altcoins, have received the same level of recognition.

The main reason for this differentiation is the difference in asset positioning. Bitcoin is seen as an alternative asset similar to gold, with its anti-inflation and value storage characteristics widely recognized. In contrast, other cryptocurrencies like Ethereum are still viewed by traditional financial institutions as high-risk assets lacking mature business models.

In addition, the current macroeconomic environment, including relatively tight monetary policies and the booming AI industry, has also weakened the appeal of cryptocurrencies to off-market funds.

Internal Imbalance of the Cryptocurrency Ecosystem

Although the total amount of funds in the market has exceeded the previous bull market, most cryptocurrencies, except for Bitcoin, have not reached new highs. This supply-demand imbalance mainly stems from two factors:

1. Supply side: A large number of newly financed projects with high valuations lack practical application scenarios and user bases.
2. Demand side: Centralized exchanges are facing regulatory pressure, which has led to a contraction in user expansion and new project launch activities.

Unique Advantages of AI Agents

Compared to pure meme coins, AI Agents have a broader consensus base:

• For institutional investors, you can tell the story of investing in AI infrastructure.
• For high-risk tolerant investors, on-chain memes and speculative opportunities can be discussed.
• For industry practitioners and venture capitalists, the investment logic of the AI Agent project can be discussed.

Investment Framework for AI Agent Projects

The AI Agent has reshaped the industrial chain and valuation logic of cryptocurrency. It stands alongside smart contracts as an important component of the blockchain technology stack. Based on this logic, we can compare traditional DeFi projects to estimate the potential market value of the AI Agent project:

• The leading AI Agent framework could reach 5% of Ethereum's market value.
• The launch platform of the integrated framework could reach a market value equal to the sum of Chainlink and Uniswap.
• High-quality AI TEE applications may reach 1.25%-3% of Ethereum's market value.

The Impact of AI Agents on the Cryptocurrency Ecosystem

AI Agent is expected to simplify user interactions and change the way assets are traded, project financing is conducted, and tokens are issued:

• Asset trading: Trade directly using natural language and even receive smart decision support.
• Project financing: Directly showcase products to the community to obtain financial support.
• Token Issuance: Achieve an automated and transparent issuance process.

These reforms are expected to improve the efficiency and transparency of the entire ecosystem.

Development Stages and Future Directions of AI Agents

Currently, the total market value of the AI Agent sector is approximately $18.6 billion, which accounts for 64% of the total market value of DeFi. Market sentiment indicates that the AI Agent sector is still in an upward phase.

Possible future development directions include:

• AI-driven cryptocurrency exchange
• AI-managed stablecoin
• Agentification of various applications

Conclusion

The AI Agent track is still in its early stages, with vast growth potential in the future. As technology matures and applications expand, it is expected to become a key force driving the next wave of innovation in the cryptocurrency industry.