The article discusses the increasing automation within the cryptocurrency space, paralleling trends in Web2 where bots and spammers dominate user metrics. Active address counts on blockchain networks do not accurately reflect genuine user engagement due to interference from automated entities. As a result, crucial insights about decentralized exchanges (DEXs), particularly on Solana and Base, come into question due to potential wash trading. The rise of platforms like Pump.fun suggests a shift towards embracing this automated landscape, allowing users to create and tokenize their own AI agents. The Virtual Protocol has recently entered this arena, enabling users to create AI agents and trade associated tokens, resulting in a surge in daily active addresses and trading volumes. Despite this growth, the article questions the authenticity of user interactions within these systems. Looking ahead, the future trajectory of crypto remains uncertain, reflective of broader historical shifts in technology usage.

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