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.
Steep decline in AI agent creation
Sharples 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, when 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. The decline continued even