{"id":126758,"date":"2025-04-09T04:18:41","date_gmt":"2025-04-09T04:18:41","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126758"},"modified":"2025-04-09T04:18:41","modified_gmt":"2025-04-09T04:18:41","slug":"ai-agent-platform-virtuals-revenue-plunges-to-500-a-day-with-token-down-90","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126758","title":{"rendered":"AI agent platform Virtuals revenue plunges to $500 a day with token down 90%"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe 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.<br \/>\n\u201cProbably one of the wildest crypto charts of the cycle,\u201d Blockworks researcher Sharples said in an April 8 X post.<br \/>\nSteep decline in AI agent creation<br \/>\nSharples said that it has \u201cbeen about a week\u201d 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.<br \/>\nOn Jan. 2, the Virtual Protocol (VIRTUALS) token hit an all-time high of $4.61, Blockworks data shows Virtuals\u2019 daily revenue soared above $500,000.\u00a0<br \/>\nHowever, that seemed to mark the start of a downtrend, signaling a potential top for the AI agent sector. The decline continued even after a Jan. 25 announcement that the project had expanded to Solana.<br \/>\nOn April 7, Sharples pointed out that Virtuals generated &#8220;less than $500&#8221; in daily revenue, with its token price falling as low as $0.42.\u00a0<br \/>\nVirtuals Protocol\u2019s AI agents have generated a total lifetime revenue of $39.1 million. Source: Dune AnalyticsThe total AI agent market cap is $153.81 million, according to Dune Analytics. However, $76.6 million of that portion is allocated to AIXBT, which analyzes crypto sentiment on the social media site X to pick up on trends.<br \/>\nAIXBT has dropped 92% since reaching its all-time high of $0.90 on Jan. 16. As of publication, it is trading at $0.07, according to CoinMarketCap data.<br \/>\nDeGen Capital core contributor Mardo said the current market conditions have played a role in Virtuals\u2019 decline, but it could also be tied to terms Virtuals has with builders, such as \u201cwithholding token taxes that other platforms freely give back.\u201d\u00a0<br \/>\nIt 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.<br \/>\nAI agents in current form are \u201cgarbage\u201d<br \/>\nHowever, many criticized AI agents for their lack of functionality. AI commentator, BitDuke said of the Virtual&#8217;s revenue decline, \u201cChatGPT wrappers are no longer interesting, who could have guessed.\u201d<br \/>\nRelated: Not every AI agent needs its own cryptocurrency: CZ<br \/>\nAI commentator \u201cDHH,\u201d said in an April 8 X post, \u201cI&#8217;m as AI positive as the next guy, but you&#8217;re delusional if you think any AI agent is full-on replacing a great programmer today. Who knows about tomorrow, but that day hasn&#8217;t arrived yet.\u201d<br \/>\nMeanwhile, Infinex founder Kain Warwick recently told Magazine that AI may possibly have a comeback despite the \u201cfirst version of AI slop agents\u201d being \u201cgarbage.\u201d<br \/>\nMagazine: Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler\u2019s Digest, March 30 \u2013 April 5<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/ai-agents-virtual-revenue-plunge-token-price-decline?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe 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.&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126758"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126758"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126758\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126758"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}