Key Takeaways
- Virtuals Protocol’s native token has reached a $1.4 billion market cap as a result of excessive demand for AI brokers.
- Base blockchain’s TVL reached $3.5 billion, overtaking Arbitrum as the most important Ethereum Layer 2.
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Virtuals Protocol, an AI agent deployment ecosystem, has reached a peak market cap of $1.4 billion because the AI agent narrative expands past Solana and extends to Base.
The platform’s native token, VIRTUAL, has surged 150% in worth over the previous week, pushed by rising demand inside the ecosystem.
Base, the underlying blockchain for Virtuals Protocol, has additionally seen a surge in exercise, with its complete worth locked (TVL) reaching an all-time excessive of $3.5 billion, surpasing Arbitrum, and weekly transactions climbing to almost 54 million.
Deployed on Base, Virtuals Protocol permits customers to create and deploy AI-powered digital characters utilizing an analogous system to pump.enjoyable.
Customers can create an agent by buying 10 VIRTUAL tokens, that are deployed on a bonding curve.
When the agent’s token reaches a market cap of roughly $503,000, a liquidity pool is robotically created on Uniswap, paired with the VIRTUAL token.
At this stage, the agent transitions into a completely autonomous entity able to managing a Twitter account, with $44.9k of liquidity deposited into Uniswap and completely burned to assist the ecosystem’s stability.
Virtuals Protocol’s recognition is clear within the success of its AI brokers and their underlying tokens.
AIXBT, an agent offering market insights to its 43,000 followers on X, noticed its related token attain a peak market cap of $200 million, although it has since barely retraced to $196 million.
VaderAI, one other Virtuals’ Protocol agent, hit $50 million in market cap for its token after a 200% acquire within the final 24 hours, pushed by its deal with autonomously participating with the crypto neighborhood by means of tweets and interactions.
In the meantime, LUNA, an AI agent influencer, has seen its token retrace to a market cap of $80 million, after briefly surpassing $100 million.
The rise of Virtuals Protocol has coincided with a surge in exercise on Base, which has now turn into the most important Ethereum Layer 2 community.
The Phantom pockets’s latest integration with Base has additionally contributed to this progress, offering retail customers with simpler entry to the ecosystem and driving curiosity in Virtuals Protocol.
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