Artificial intelligence agents need to prioritize their intrinsic utility, not the launch of their in-house native tokens to raise funds.
AI agent-related tokens have significantly declined over the past month, as their cumulative market capitalization decreased by over 21% to the current $27 billion, according to CoinMarketCap data.
While their continued decline may be part of the broader crypto market correction, another reason could be a lack of focus on intrinsic utility, according to Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange.
30-day market cap chart of AI agent tokens. Source: CoinMarketCap
Zhao wrote in a March 17 X post:
“While crypto is the currency for AI, not every agent needs its own token. Agents can take fees in an existing crypto for providing