The Prospects of Crypto x AI Development: From Bubble to Substantial Progress

Recently, the Crypto x AI agency has gone through a cycle of hype, with most related tokens experiencing significant declines. Now is the time to reflect on the past and prepare for the future.

Phase One: Speculation and Experimentation

From October 2024 to January 2025, Crypto x AI agents reached a frenzy peak, with market capitalization briefly exceeding 10 billion USD. During this phase, various experimental projects emerged:

• New projects emerge every week, some of which have reached a market value of 50 million dollars.
• The AI framework and publishing platform is regarded as "the public chain of AI agents"
• Some ChatGPT-style interfaces with a market capitalization of over $500 million claim to be able to execute on-chain operations.
• The concept of a self-directed hedge fund has been proposed.

Phase Two: Recession

From February to April 2025, Crypto x AI agents suffered heavy losses:

• Most tokens have decreased in market value by 50%-90%
• Many teams are experiencing slow development progress, and some have even stopped updating.
• More than 90% of the team has stopped working
• Deterioration of community atmosphere
• Some leading projects such as zerebro, griffain, etc. have stopped development or transformed.

Overall, by the end of this hype cycle, the Crypto x AI agent field has hardly seen any available consumer-grade products.

Development Directions for the Next 6-12 Months

1. Intelligent Agent Chat Optimization

Chat applications are becoming more proactive, and the new generation of large language models performs better in tool invocation. Complex tasks like trading workflows may become killer application scenarios.

2. Consumer-grade Crypto x AI applications

AI has lowered the barriers to content creation, and tokens help attract attention. The combination of the two may give rise to interesting consumer platforms, such as gamified short videos.

Development Trend Over 1 Year

1. AI agents promote the application of stablecoins

AI agents with wallets tend to use stablecoins for payments, which may become a breakthrough for the widespread application of stablecoins.

2. AI integration into various cryptocurrency protocols

Most crypto protocols will become more AI-driven, with AI integrating into user transactions and operational processes.

3. The crypto-economic coordination network built for AI/agents

The advantages of cryptocurrencies in coordinating capital and incentives can be used to construct financial engineering for the AI value chain.

4. Composable Personal Context Layer

The composability of blockchain can be used to build a personalized contextual layer for AI systems, enabling cross-platform personalized experiences.

5. Chat-based encrypted super application

Intent-based chat interfaces may become the gateway for the new generation of crypto super apps, integrating various functionalities.

Overall, Crypto x AI is in a critical period of transitioning from speculation to substantial application, and there is still great potential for the future.