AI agents’ market cap surges 322% in Q4 2024, driven by Solana
The market capitalization of AI agents increased by 322% in Q4 2024, escalating from $4.8 billion in October to $15.5 billion by December. According to CoinGecko's 2024 Annual Crypto Industry Report, the surge was largely triggered by the launch of the Goatseus Maximus (GOAT) coin on Solana in October 2024. AI agents are autonomous software that utilize artificial intelligence for various tasks in decentralized finance (DeFi) and blockchain ecosystems. Solana dominated the market for AI agents, capturing 56.48% of it with a valuation of $8.44 billion. Base, a layer-2 blockchain, also gained traction, having about 40.57% market cap dominance. AI-related tokens like Virtuals Protocol and ai16z saw notable gains following a report from Franklin Templeton, suggesting AI agents could revolutionize content generation across many industries. The crypto market overall experienced a strong Q4, with Bitcoin reaching an all-time high of $108,135, enhancing the total market capitalization to $3.91 trillion, up by 45.7%.
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