AI agents market capitalization increased by 222% within the fourth Qrtr of 2024: from $4.8 bln in October to $15.5 bln in December, which has reflected in Coin Gecko’s “2024 Annual Crypto Industry Report.”
This category rapidly ascended after the launch of the Goatseus Maximus (GOAT) coin in Solana which established the blockchain platform. According to Cookie.fun, Solana captured 56.48% of the AI agent market worth $8.44 B and owned 64.34% of social media share of mind.
An AI agent is an APAI that carries out decentralized financing or DeFi operations independently or engages with blockchain environments. Some of them are autopilots of trading bots and even decision-making applications that are incorporated into smart contracts.
Solana Leads Blockchain Market
Solana took the first place, but the second was Base which as a layer-2 solution supported by Coinbase took 40.57% of the market with such projects as Aixbt and Virtuals Protocol that helped drive the demand.
AI-entangled tokens rose together with investment activity, which associated tokens with the agents as well. VIRTUAL is now trading above $3 after a 8% increase; AI16Z is at $1.40 after a 20% gain following Franklin Templeton report on how AI agents are to revolutionizing industries such as content generation of social media.
The overall crypto industry also closed out Q4 on a high, shooting up 45.7% in total market cap to $3.91tn, with Bitcoin hitting a record $108,135 in December. Bitcoin also grew a staggering 121.5 percent over 2024.
Other digital currencies also experienced growth during the period, as the graphic below shows. XRP positioned as the fourth coin by the market cap, and Dogecoin rose to the top seven exceeding USD as for early 2021.
Layer-2 networks of Ethereum averaged 15 million daily transactions with Base Dominating 48.3 percent market. Taiko replaced Arbitrum as the second most active network following its 855% QoQ growth following the launch of new DeFi protocols.
Solana far surpassed everyone else in DEX trading, taking over 30% with $219.2 billion trading volume, leaving Ethereum with $184.3 billion. Base secured a 19% market share and Tron’s trading volume grew by 232.7% quarter on quarter making it the fastest-growing DApps blockchain in the top 10.
