According to the report published by crypto data platform Kaiko, interest in artificial intelligence tokens did not increase despite the launch of Worldcoin.
The popular artificial intelligence project Worldcoin, which was launched at the end of July, created excitement among users and crypto investors. This activity on the basis of the artificial intelligence sector and cryptocurrencies had also increased the price of the relevant coins. However, the market’s downturn and the short-lived launch effect brought many data back to their original value.
Interest in AI tokens is declining
In light of the data shared by Kaiko, the transaction volume of artificial intelligence-themed tokens has increased steadily over the past month. The trading volume of the relevant tokens increased from $570 million to $870 million from the end of July to the end of August. However, it has fallen significantly since the beginning of 2023, when it exceeded $7 billion.
Dessislava Ianeva, an analyst at Kaiko, noted that interest in AI projects began to decline in July, primarily due to the change in global risk sentiment. Open interest values of the five largest artificial intelligence tokens, excluding Worldcoin, reached $60 million in August, while they were $170 million in February.
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