Morning Minute | The AI Agent Market Passes $5B
TylerD's Market Summary
🤖 The AI Agent Crypto Takeover Is Happening
The AI sector has clearly been exploding in interest.
Now thanks to tools like Kaito AI and Cookie.Fun we have the data to back it up.
And the AI space is bigger and growing faster than we even realized.
What Happened?
New AI Agent Index platform Cookie.Fun launched recently, surfacing data about all of the various AI Agents and their tokens.
Summary stats:
- 144 AI Agents tracked
- $5.3B in total market cap
- 4.5M social impressions in the past day
Now diving into the individual agents:
- ZEREBRO leads overall mindshare with 13% but AIXBT is a close second with 12%
- AIXBT is by far the biggest gainer on the week, jumping 8% in mindshare (Bully is also a big winner)
- GOAT is the leader by market cap at $840M with TURBO in second at $475M
- UBC is the biggest winner of the day in terms of mindshare, adding 7%
- UBC, LEA and POLY have added the biggest % of holders this week
Explore the data yourself with their intuitive dashboard.
Why It Matters
The AI sector is currently the single-best portion of crypto to focus on from an investment perspective.
Now we have the data at our fingertips to make trading decisions even easier.
Some think this AI sector is in a bubble, and it probably is - but at just a $5B market cap, the bubble is going to get much bigger before it bursts.
I'd argue it gets 3-5x bigger if not 10x.
Go find the winners...
🚚 What is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
- Ethereum led NFT trading volume with $6.2M on the day; Bitcoin was next with $2.4M, and then Solana with $2.3M
- ETH NFT leaders were mostly green; Punks +1% at 37.3 ETH, Pudgy +4% at 11.6 ETH, BAYC +4% at 12.7, Milady +1% at 5.78
- X-Droids (+120%) and Parallel Avatars (+30%) led notable top movers
- BTC NFT leaders mostly chopped; Bitcoin Puppets -1% at 0.138 BTC, NodeMonkes even at 0.105 BTC, OMB -5% at 0.119, Quantum Cats +8% at 0.164
- The Runes leaders were green; DOG +12% at $620M mc, PUPS +20% at $185M, BDC even at $115M, CYPHER -10% at $26M
💰 Token, Airdrop & Protocol Tracker
Here's a rundown of major token, protocol and airdrop news from the day:
- Memeland's MemePay app is now available in the app store
- Agentstarter announced an airdrop to Virtual users for its $MUSIC token with 60% of the tokens going to Virtuals traders
- AI Agent AIXBT became the top gainer for CT mindshare on the week, and is only behind BTC, ETH and SOL for overall project mindshare
🌎 Around Crypto and Web3
A few other Crypto and Web3 headlines that caught my eye:
- Crypto majors are green with ETH leading; BTC +1% at $93,200, ETH +4% at $3,450, SOL +2% at $234; ZCASH (+24%), ALGO (+13%), AAVE (+12%) & ENA (+10%) were top alt movers
- Memecoin majors are mostly green; DOGE +3% at $0.388, SHIBA +3%, PEPE +11%, BONK -2%, WIF -1%, POPCAT -4%
- UBC (+300%), ticker $1 (+370%) and CHILLGUY (+30%) were notable meme winners on the day
- The Fifth Circuit Court ruled that the sanctions against Tornado Cash were unlawful on a landmark ruling on Tuesday
- The Trump admin is looking to give control of digital assets to the CFTC, including BTC, ETH and other digital commodities
- A Dogecoin ETP launched on the Swedish exchanges dubbed as investors' first ever option for "A simple and secure way to gain exposure to DOGE"
- The MetaMask founder launched 2 different memecoins last night (ticker $CONSENT), one on Base and one on Solana, and sold both within hours while complaining about the process
🚀 Memecoin Movers
- $AEJO (+12000% to $17M market cap, SOL)
- $MONA (+8000% to $14M market cap, SOL)
- $1 (+300% to $60M market cap, SOL)
- $UBC (+250% to $68M market cap, Base / SOL)
- $BULLY (+100% to $208M market cap, Base / SOL)
📈 NFT Floor Price Increase (ETH)
- X-droids (125%, 0.25 ETH Floor)
- Shinsei (34%, 0.02 ETH floor)
- Parallel Avatars (29%, 0.42 ETH)
- TGLP (23%, 0.82 ETH)
- Mounts of Seedworld (17%, 0.35 ETH)
🗓 Upcoming Mints and Events
Folks - my source for daily mints and events has shut down operations.
Given the general lack of interest in new mints on a daily basis, I'll be discontinuing this section of the newsletter, at least for now.
If I can find a good source for daily events, I will look at turning it back on.
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