A study conducted by Kaiko Research looked at artificial intelligence tokens.
Kaiko Research data reveals the decline in artificial intelligence tokens. The data revealed that the tokens have reached the lowest weekly levels in trading volumes.
Kaiko Research’s latest research looks at artificial intelligence tokens
According to data published by Kaiko Research, artificial intelligence (AI)-related tokens saw their lowest weekly trading volume since the start of the year. This indicates that interest in AI-related crypto projects has declined sharply.
The top six AI coins by market capitalization, such as The Graph, Render, Injective, Oasis Network, SingularityNET, and Fetch.ai, have hit their lowest levels in trading volumes since January, according to data released Thursday. These low volumes indicate that these projects are experiencing a dramatic drop in interest.
In particular, AI-related cryptocurrencies gained popularity after the launch of ChatGPT in November, sparking a wave of AI/web3 product development. During this period, the top tokens experienced a strong rally.
However, Worldcoin’s WLD token failed to keep up with the rise of other AI-related cryptocurrencies when it launched on Monday. Worldcoin’s token rose 88 percent on the day of launch to hit an all-time high of $3.30, but then fell over 30 percent to $2.17, according to CoinGecko.
All this data shows that AI-related cryptocurrencies are experiencing a decline in trading activity and interest.
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