Steep decline in AI agent creationSharples said that it has “been about a week” since a new AI agent launched on Virtuals compared to late November when the platform was helping make over 1,000 new AI agents a day, according to Dune Analytics data.On Jan.2, the Virtual Protocol (VIRTUALS) token hit an all-time high of $4.61, Blockworks data shows Virtuals’ daily revenue soared above $500,000. However, that seemed to mark the start of a downtrend, signaling a potential top for the AI agent sector.
DeGen Capital core contributor Mardo said the current market conditions have played a role in Virtuals’ decline, but it could also be tied to terms Virtuals has with builders, such as “withholding token taxes that other platforms freely give back.” It comes on the backdrop of the entire crypto market experiencing a downturn alongside global financial markets, as US President Donald Trump continues to ramp up tariffs and fears grow that it may lead to a recession.
The artificial intelligence agent creation and monetization platform Virtuals Protocol has seen its daily revenue plummet to just $500 as demand for crypto AI agents continues to wane.“Probably one of the wildest crypto charts of the cycle,” Blockworks researcher Sharples said in an April 8 X post.
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Author / Journalist: Cointelegraph by Ciaran Lyons
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